Terms and Conditions (scroll to bottom of page to continue registration process)

Onlineauctionhub.com serves as the online hub used by independent affiliates to present their online auctions to bidders. The following terms and conditions apply to every auction posted on Onlineauctionhub.com website. These terms and conditions relate to general website policies and procedures. In addition to the website terms, All auctions have specific terms. The auction terms appear on the auction page. By placing a bid, Bidders are verifying they are at least 18 years old and acknowledging they understand and accept both website terms and the auction specific terms

Bidders  Ability to Bid

ID may be requested. All bidders must be over 18 and register with their full legal name. You may not register with any name other than your own. Attempts to register with a name other than your own is identity fraud. In the event that you have a legal right to register on another's behalf, you must send a copy of the power of attorney name you. prior to registration.

In the event that bidding rights are terminated due to no-show invoices, bidders MAY be reinstated only after a penalty fee of 25% of the unpaid invoice(s) and a reinstatement fee of $25.00 has been paid to onlineauctionhub.com and a copy of your driver's license emailed to us. INVOICED ITEMS WILL NOT BE AWARDED. The payment is punitive and meant to deter no-shows. At our discretion onlineauctionhub.com reserves the right to delete any bid place by a bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until user is verified .  Onlineauctionhub.com always reserves the right to disallow anybody from bidding on its web site for any reason. A member of a household who has "No-Showed" on an invoice could cause all members of the household to be disallowed from bidding. No further registrations from the household members will be allowed until prior issues are cleared. Cases of obvious bidding with no intent to redeem will be referred to appropriate legal authorities.

Onlineauctionhub.com

Onlineauctionhub.com is limited to providing the venue for affiliate auctions. Affiliates are not employees, agents, representatives or partners of Onlineauctionhub.com.  Questions and issues relating to a specific auction or transaction must be directed to the affiliate named as conducting and managing that auction.

Responsibility Associated with Obtaining a Bid Number

A bid number is provided to a bidder upon completing the registration form. Bidders are responsible for keeping the contact information associated with their bidder number up to date and accurate. During the registration process, bidders will choose a password. This password is immediately encrypted and is known only to the bidder. It is the bidder’s responsibility to ensure the security of their password. Bidders are held accountable for every bid placed with their bidder number.

Winning Bidder Notifications

Winning notifications are emailed to winning bidders. We still recommend you check the auction yourself. Bidders can check their status by looking on their dashboard 2 to 3  hours after the sale closes. Bidders are responsible for knowing if they have invoices. Claiming you did not receive your email is not an acceptable reason for a no show. We only send out email’s as a courtesy

Bid Retractions

If you do not want an item, don't bid on it. Once placed, bids will not be retracted

Credit Cards and Checks

See individual auctions for credit card and/or check acceptance terms.

Auction Information

Bidders are responsible for every bid placed with their bidder number. Bidders are responsible for knowing and abiding by the terms of every auction for which they receive a winning bidder invoice.

Auction Item Descriptions and Pictures

Lot descriptions and pictures are intended to provide bidders with information for determining value. While the information on each asset is deemed to be accurate and include all relevant information affecting the value of the asset, bidders should not rely on the item descriptions and pictures as their sole means for determining an asset's value. Physically inspecting an asset is highly recommended. Bidders are strongly encouraged to ALWAYS inspect assets prior to bidding.

Assets are sold "AS IS WHERE IS"

Items do not have warranties, express or implied. Illustrations, pictures or video posted on onlineauctionhub.com are for informational purposes only. Every bid is considered to be an offer to purchase the asset for the bid amount. By placing a bid, the bidder waives any and all claims against the affiliate based on the condition or value of items.

 

Assets Published with Reserves

Assets requiring a minimum bid price to sell, appear on Onlineauctionhub.com with “Reserve Not Met” .  Once the high bid reaches the required minimum bid, the message changes to “Reserve Has Been Met” and the lot will be sold to the high bidder.

Affiliates may lower a lot reserve at any time before an auction closes. If the reserve is lowered while the auction is in progress, the applicable reserve message will appear (Reserve Not Met or Reserve Has Been Met); the asset will sell to the high bidder if the lowered reserve amount is met.

Auction Close and Extended Bidding

Information on bidding pages is dynamic. It will change or update after a bid is placed. Each auction has a scheduled closing time. This is the time the first lot on the auction is scheduled to begin closing. Each asset within the auction will begin closing at the time indicated for that asset.

Soft Close

Each time an additional bid is placed, In the final 3 minutes the countdown clock resets to 3 minutes. A lot will not close until a full 3 minutes has expired since the last bid was placed.

Auction Invoices

Bidders are notified of their successful bids within a few hours of the scheduled auction closing, via a winning bidder invoice appearing on their Dashboard. Bidders are responsible for monitoring their Dashboards and fulfilling the auction terms associated with each winning bidder invoice appearing on the Dashboard. At the time an auction closes, the sale of the asset becomes a legally binding agreement between the winning bidder and the affiliate. The bidder is required to purchase the asset and the affiliate is required to sell the asset for the high bid amount plus the buyer’s premium and all required fees and taxes.

Buyer’s Premium

Buyer’s Premium – Personal Property

buyer’s premium is collected on every lot purchased on the onlineauctionhub.com website. The sales price of a lot is equal to the winning bid + the buyer’s premium. The buyer’s premium is subject to sales taxes.

Buyer’s premium - 13%

Buyer’s premium – invoices paid with cash will receive a 3% discount bringing buyer’s premium down to 10%

Buyer’s Premium – Real Estate

The buyer’s premium on real estate auctions varies by auction. The buyer’s premium for a real estate auction will be listed in the terms for that auction.

Sales Taxes

Invoices that include assets subject to sales taxes, will have the appropriate sales tax amount included on the invoice. Sales taxes are calculated on the sale price (winning bid + buyer’s premium) for each asset included on the invoice. Fees and taxes will be charged on all applicable assets; the only exception to this is if the winning bidder completes the exemption documentation required to waive the fees and/or taxes, before taking possession of the assets. Bidders are responsible to supply their own exemption forms.

Auction Removals and Shipping

Winning bidders must pay their invoices and remove their assets from the auction location during the scheduled removal date and time indicated for the auction. Bidder’s should not place bids on an auction if they are unable to attend the scheduled removal, unless and until they have arranged for another party to remove the assets during the removal, or discussed the possibility of an alternative removal time or the availability of shipping with the affiliate. Affiliates address auction specific removal and shipping instructions in the auction Terms. It is important for bidders to recognize affiliates are under no obligation to provide alternative removal times or shipping for the assets in their auctions.

Transfer of Ownership and Risk of Loss

At the time the winning bidder pays his invoice in full, ownership of the asset and risk of loss passes immediately to the bidder. If a winning bidder pays his invoice in full, but does not take possession of the assets during the removal day, ownership and risk of loss will still transfer to the bidder.

Failure to Abide by Website and/or Auction Terms

Bidders are responsible for knowing and abiding by the website and auction terms. Failure to do so will result in the termination of bidding privileges on onlineauctionhub.com. Winning bidders who fail to attend the removal and haven’t made alternative arrangements with the affiliate prior to the removal day, lose claim to the assets on their winning bidder invoice. The affiliate conducting the auction will decide how unclaimed assets will be handled. The second highest bidder will not automatically be given the opportunity to purchase unclaimed assets for their highest bid. If the asset is resold for an amount less than the original highest successful bid, the original winning bidder is obligated to pay the difference in the sales price (bid + buyer’s premium).

 

 

Website Interruption / blackout

Onlineauctionhub.com is committed to doing everything possible to ensure the reliability of our website. Unfortunately, there are factors outside our control that can impact access to onlineauctionhub.com. If onlineauctionhub.com becomes inaccessible at any point during an auction closing, the following protocol will be followed:

 

In the event of a website interruption not covered by one of the above scenarios, onlineauctionhub.com reserves the right to make the final determination of how the auction will be handled.

Indemnification

Bidder indemnifies and holds onlineauctionhub.com harmless against any damage, loss, injury arising from the transactions or auctions conducted by affiliates. We are only a hub for companies to sell their items. We do not tell the individual affiliates what they can and cannot sell as long as it isn’t breaking any state or federal laws.

 

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