PAYMENT AND DELIVERY POLICY

The price to be paid for any particular item is indicated by the hammer price, which is the price upon the fall of the auctioneer’s hammer. In addition to this, there is also a 15% buyer’s premium (percentage taken from the final hammer price), and value-added taxes. Each buyer will receive an invoice with their name and address, as indicated on their registration form. The invoice will list all items purchased and the cost of each item. All details regarding payment are listed on the back of each bidder card and our staff is happy to explain any questions you may have in further detail.

You may pay for your items at your convenience whether it is immediately after each purchase, or when you are ready to leave. Surplus Auctions accepts Certified Checks, Visa, MasterCard, and American Express. For Certified Checks, submit a Personal Check the day of the auction. On the next business day, the Personal Check must be replaced with a Certified Check.

If you wish to pay $10,000 or more in cash, you must fill out the IRS 8300 Form located at http://www.irs.gov/pub/irs-pdf/f8300.pdf. Our staff will also have these forms available at the registration desk. Law requires that any trade or business that receives a payment like this must report the transaction to the IRS within 15 days of receipt of the cash on Form 8300. The law also requires that the form includes the correct cash payer’s name, address, and tax identification number, as well as the amount of cash received and the date and nature of the transaction.

You may pay for your item(s) at the cashier’s desk at any time during the auction. After you have paid for your item, you may collect it and take it home with you. As soon as you buy an item at a Surplus Auctions event, you are responsible for it. That includes removing it from the premises of the auction. If you live outside of our 30-mile radius driving policy, you may need to arrange a moving service.

If you live within a 30-mile radius of the auction site and you wish for your item to be delivered, Surplus Auctions will happily deliver your merchandise for a flat fee of $300. In unusual situations, we will offer a delivery service outside of our 30-mile radius for a fee of $500. However, the rates may increase depending on the distance and circumstances.

If need be, Surplus Auctions will ship internationally in very special cases via the storage and/or customs clearance. Given that the terms of shipment are unique, they will be determined on a case-by-case basis upon which both parties must agree once the dispatch instructions and full payments, including shipping costs, have been received.