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 $100,000.01 If you are the winning bidder for an item that sells for over $100,000 you will be charged 8% up to $100,000 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.