Simply, 8% buyers fee on most items
An 8% buyer's fee (8% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)
Example: if the winning bid is $1,000, a buyer's fee of 8% would be $80.
Situations when the buyers fee is 5%
- Any amount over $100,000. If you are the winning bidder for an item that sells for over $100,000 you will be charged 8% up to $99,999 and 5% thereafter.
What if the selling agency rejects my bid?
If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.
Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:
|If amount is greater than or equal to||The bid increment will be|
FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.