Why do I need to pay the security deposit?
Before you can bid and buy vehicles with A Better Bid™, you must have a minimum of $400 in deposit on file with us. This amount will let you bid a maximum of $4,000. So if you plan to buy more expensive vehicles, the security deposit should be 10% of your maximum bid (for example: To bid $10,000, you need to have a deposit of $1,000). You must pay the security deposit using either a credit or debit card or wire transfer.
This security deposit is necessary to protect us in the event that you fail to pay for an awarded vehicle, as we will be financially responsible. You will forfeit your security deposit if you win a vehicle but fail to pay for it within eight days of the sale/award. 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 the 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processes refund requests within 5–7 business days and remits your refund to you in the same payment form in which you originally made the deposit.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 will refund deposits made by debit or credit card or PayPal that are more than 60 days old in the form of a check and mail 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.