How much of a security deposit do you require to make bids?
The security deposit should consist of at least 10% of the total amount you would like to bid. At the time of registering, you are only allowed to make an initial security deposit of $400, which enables you to bid up to a total of $4,000. Once your registration is processed, if you wish to bid more than $4,000, you must increase your security deposit accordingly by going to your account page and selecting Bidding Limit. You can pay your deposit with a debit or credit card or wire transfer. If you have an ANNUAL Membership and you wish to bid on more than one vehicle at the same time, your security deposit must include at least $400 for each vehicle you want to bid on.
Example: If you want to bid on two vehicles at the same time, you must have at least $800 in your security deposit. This will allow you to bid up to $4,000 on each vehicle or a combined total of $8,000 on both vehicles. If you want to bid more than a total of $8,000 on both vehicles, then you have to increase your security deposit so that it contains at least 10% of the total amount you wish to bid. Similarly, if you would like to bid on three vehicles at the same time, you should have at least $1,200 in your deposit. This will enable you to bid up to $4,000 on each vehicle or a combined total of $12,000 on three vehicles.
FREE TRIAL Membership is limited to one vehicle, and if you wish to bid on more than one vehicle at a time, you must upgrade to ANNUAL Membership.
Deposits are 100% fully refundable but do not factor into the cost of the vehicle, fee or shipping either in part or in full! A Better Bid™ can refund security deposits at any time, but all transactions must clear (paid in full) and you must pick up vehicles from the auction facilities before you can submit a refund request. Generally, A Better Bid™ processes refund requests within 5–7 business days and remits your refund to you in the same payment form in which you originally made the deposit. However, A Better Bid™ refunds deposits made by debit or credit card or PayPal that are more than 60 days old in the form of a check and mails it to you within 10 business days, for residents of the U.S. and Canada. Residents from all other countries will receive their security deposit refund by wire transfer.