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In order to help you navigate through the
UBIDMACHINERY.COM auction service
web site, we have created this page, which will serve as a guide
and provide answers to the most commonly asked questions we
receive regarding the use of the
UBIDMACHINERY.COM auction web site. If you do not find
the answers you are seeking, please call us at 450.510.2575, or
send us an e-mail us at: info@ubidmachinery.com. We will be
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No. you can browse but if you wish to sell or bid on
machinery, you must register as a Member. This process is
easy. Click on the "Register"
link on any page which will take you to the membership
enrolment page, select Register
New Account, and you will be guided through the
registration procedure.
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Membership is FREE!
Once we receive your registration form, we will send you a
confirmation by email notifying you that your membership has
been accepted. As soon as you receive this notice, you will be
able to browse and place your bids with
UBIDMACHINERY.COM.
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The buyer's premium is a fee levied by
UBIDMACHINERY.COM
for administration and handling fees of its site. A fee
is to be remitted in $CAD (unless the auction is held in
the United States which will mean the charge of 10% will
be in American dollars) and is equivalent to
10% of the successful end bid price.
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The 10% buyer's premium fee
must be remitted to
UBIDMACHINERY.COM when you pay the
invoice for machinery purchased.
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As soon as
UBIDMACHINERY.COM
receives
payment, the monies from the highest bidder minus the
15% Seller's Fee (in $CAD
or $US)* will be forwarded to the
Seller. The Seller will not receive any money prior to that
time.
* If auction is held in the United States, the Seller's Fee
will be charged in US$.
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6.
How do I pay for
the machinery I have purchased? |
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An invoice indicating the amount of the successful bid and
including the
10%
Buyer's premium (in $CAD unless the auction is held in
the United States which will mean the charge of 10% will be in
American dollars)
) and taxes (if applicable) will
be issued by
UBIDMACHINERY.COM
within a short period of time
following the close of the
auction for that machinery. Upon receipt of the invoice, the
buyer must remit the full amount as indicated on the invoice
to UBIDMACHINERY.COM
within a 48-hour period. The payment must be made by wire
transfer, certified cashier's check or a certified bank check
under the name of
UBIDMACHINERY.COM.
The certified cashier's check or certified bank check should
be sent by mail to the following address:
UBIDMACHINERY.COM
2001, rue Chicoine
Vaudreuil-Dorion, Quebec J7V 8P2
CANADA
IMPORTANT NOTICE:
NO MACHINERY WILL BE SHIPPED BEFORE WE RECEIVE THE FULL
PAYMENT FOR THE TRANSACTION.
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Any request for information should be sent by
email to:
info@ubidmachinery.com,
and one of our representatives will contact you shortly
thereafter. Do not forget to include your name and telephone
number.
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Freight charges for machinery bought on this
site will be the responsibility of the Buyer unless otherwise
stipulated in the description of the machinery for sale.
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Costs for rigging, loading, dismantling and
any other costs associated with delivery of the machine(s)
bought will be the responsibility of either the Buyer or the
Seller as specified by the conditions of the sale for the
machine(s).
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The Reserve Price is the lowest price an item
or a lot can be sold for. This amount is usually higher than
the allowable starting bid and is determined before a lot is
put up for auction. The amount of the reserve price is kept private by the
seller. To become the successful bidder at an auction with a
Reserve Price, your bid must be greater than or equal to the
Reserve Price.
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As you place your bids for machinery listed on
the
UBIDMACHINERY.COM
service auction web site, a message will appear in
red to indicate whether or
not the Reserve Price has been
met. If the Reserve Price has
not been met and you still want to purchase the machine, you
must continue to bid until you reach the
Reserve Price. The machinery will not be considered as
sold if the Reserve Price has
not been met. If you are the highest bidder and your bid meets
or exceeds the Reserve Price at the close of the sale, you will be
the successful buyer.
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Every item or lot available for online bidding has a
Bid Status field. If there is no
Reserve Price on particular machinery, the text
No Reserve Price will appear.
Please remember even if the Seller does not post a
Reserve Price, you will still able to bid from the
increments displayed in the bidding section or by bidding manually. If there is no
Reserve Price, the item or lot will be sold for the
first Allowable Starting Bid unless it is exceeded by
other bids. If the Seller has issued a
Reserve Price, the Bid Status
field will display
Reserve Price Met or
Reserve Price Not Yet Met.
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If the Reserve Price
has been met, the Maximum Proxy Bid
feature will bid incrementally on your behalf up to your
maximum bid. Your bid will remain one increment above any
other bid up to your maximum bid.
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- You may use the Place Your Manual
Bid here field to place your bid according to the next allowable bid
message already displayed in the box or;
- You may also use Place Your
Manual Bid to bid higher than the next allowable bid.
This feature is sometimes used to as a “psychological” tool
during the bidding process.
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