Enable high value bidding
To be able to place high value bids, an extra guarantee is required
What's a bid deposit
In order to bid on high value items, we ask for a one time $250 bid deposit. The deposit is actually a hold placed on your credit or debit card as a guarantee.
Not a charge, just a hold
Unlike a charge, a hold authorizes us to confirm your card is valid and that you are serious about securing this piece. The hold will not appear as a charge on your credit card statement and will show up as a "pending charge" on your debit card.
If you have the winning bid
If you win the auction, the $250 deposit will be your upfront payment, and you will receive a payment link for the remaining balance.
If you are outbid
As soon as the auction is over, HiTide will instruct your credit or debit card issuer to remove the hold. Each bank, however, has their own policy. For some banks, you can see the hold released immediately, while for others only after a few business days. Please contact your financial institution to find out how long will it take for them to release the hold.
If the remaining balance is not paid within the allowed payment period
If you win the auction, but payment for the remaining balance is not provided within the allowed payment period, the sale will be canceled due to non-payment. Your guarantee will be refunded minus the invoiced auction fee of 10.9%.
