Bidders who do not win the MultiBID will have the authorization hold on their credit card removed on the business day that follows the end of the MultiBID event.
Bidders winning the MultiBID will have their authorization processed for payment after the MultiBID event has been officially closed. Such charges are subject to the card issuers’ terms and conditions.
*NOTE: MultiBID is not a brokerage and does not participate in the handling or holding or trust money. All deposits, agreements and necessary documentation are to be handled by the participating Brokers/Agents at all times. The Buyers Premium is an exclusive charge given to MultiBID by the successful bidder for use of the platform in a third-party service agreed to upon creating a MultiBID account.