Terms And Conditions
Frequently Asked Questions
In order to bid on any auction held at MachineBid, you must first register with us by clicking “Sign Up” in the main menu. You will need to provide your name and e-mail address, then click “Create My Account.” You will then be asked to verify your identity via a one-time registration fee by either charging your credit card or PayPal $1.00.
You will also be asked to read and agree to our basic auction Terms & Conditions, including but not limited to: we do not accept credit cards or payment services for equipment; MachineBid does not ship products; and if/when you are the winning bidder on an item, you are responsible for all costs associated with freight and packaging of the item.
Once you have registered, you will need to validate your email. Once you have completed the validation process with PayPal you will be able to bid on all items listed on MachineBid.
Before you can bid on an active lot, you must sign in using your previously created User ID, then accept the lot's specific Terms & Conditions. You only need to do this once per event, and then you will be cleared to bid on any lot on that entire event.
To place a bid, enter your bid in the field labeled "Enter your maximum bid amount" and click "Submit". NOTE: MachineBid uses a proxy bidding system. The bid you enter should be the maximum amount that you want to pay for the lot. The system will store your bid, then add the Increment to the Current Bid and create a new bid in that amount under your name. If no one else bids, you will get the lot at the Current Bid amount (plus fees and taxes). If someone else enters a new bid, then the system will compare that to your maximum bid. If the new bid is lower than your maximum bid, the system will generate a new bid in your name, equal to the other bidder's bid plus the Increment. If the new bid is higher than your maximum bid, then that becomes the new Current Bid, and you will have to increase your bid to win the lot.
No. Once a bid is placed, it is binding and cannot be cancelled for any reason.
Yes. You can bid by contacting the auction's Manager (listed in the Lot Details), and completing an account approval form. The approval process may take several days, so please plan accordingly. Bidding can move very rapidly toward the end of the auction, so bidding online is a much better way to keep up with what's happening.
Yes. There will be an identified date and time for inspection listed on the lot description, or you can schedule an inspection of the item with the Auction Manager whose contact information is listed on both the Event and Lot page of the item.
Proxy bidding refers to a type of automatic bidding. In a MachineBid auction, when you place a bid and another user outbids you, under normal circumstances you would have to return to place a higher bid. To avoid having to come back, you can enter a bid amount which represents the maximum amount that you're willing to pay. Then the system will act as your proxy and bid on your behalf whenever someone places a new Current Bid, up to the maximum bid that you entered. See our Basic Bidding Guide for more details on how this works.
Terms and Conditions are listed as part of each Event and each Item. Placing a bid on an item means you agree to the Terms & Conditions for that item. You should always read and understand the Terms & Conditions for an item prior to bidding on that item.
In auctions, the Buyer's Premium is a charge that is added to the hammer price of an auction item. Whoever wins the bid is required to pay the hammer price and the percentage of that price called for by the buyer's premium. This hammer price is always charged by the auctioneer added to the seller's commission. The Buyer's Premium will be posted in the Lot Details listed in the auction page.
All items auctioned at MachineBid are subject to the Sales Tax of the specific location of the item sold. The purchaser is responsible to pay the Sales Tax listed in the lot details at the time of purchase. If the purchaser has Tax Exemption status, then a certificate must be completed and executed in the State where the item is located at the time of Auction.
The Reserve price is the minimum price at which the seller of an item is ready to sell the item. The seller is not obligated to accept a price below the Reserve; i.e., if their reserve price is not met in the auction, the seller is not bound to sell the item. This price is not disclosed to the potential bidder during the auction process.
The removal of items will be defined in the Lot Details, but generally you will be responsible to have items removed within one week of auction close. MachineBid will make recommendations of independent riggers and freight providers that you may want to contract with to provide assistance moving and packing equipment. These contractors are independent of MachineBid and using any of them will be the sole liability of the purchaser.
Each item being auctioned has its own timer, which indicates how much time is left on that item's auction. If a bid is made within 5 minutes of closing, the timer is automatically reset to 5 minutes, thus assuring that other bidders have a few minutes to respond to the new bid. For example, the original close of an auction is scheduled for 4pm EST and a bid is made at 3:58pm EST, the new close is scheduled for 4:03pm EST.
Bidders agree to make full payment to Machine Bid Inc. within 48 hours of the Online Closing Date. Only a Bank Wire Transfer, a Bank Check, or a Cashier's Check payable to MachineBid will be accepted.
There are no refunds. All auctioned items are offered in "AS IS, where is" condition, with any and all faults. There is no guarantee or warranty whatsoever, express or implied. There are no exceptions to this rule, regardless of age of item, usage, hours and/or reported condition. Specifications, sizes, capacities and condition are to be verified by the Bidder prior to bidding on the auction item.
The shipping of an item is the purchaser's responsibility. All items must be shipped in accordance with state and Federal regulations.