10 Auction Rules & Info
1) NO RESERVE - All auctions start at $1 with no reserve.
2) START TIME - Auctions post at 5pm Pacific on Friday
3) END TIME - Auctions end on Sunday between 3-8pm Pacific Standard Time.
4) VERIFICATION TO BID - There is a one-time verification deposit of $250 to verify your account to bid. This is not held in perpetuity, it is a deposit that is used towards your first invoice or refunded to you. Once business is established, deposit is no longer required. If you have a reference from someone we have done business with that can override the need for a deposit, please send us a text or email anytime for help getting verified to bid. Click Here for more info on Verification.
5) BUYERS FEE - MX's standard 10% buyers fee is added to winning bidder's invoice. All auctions start at $1 with no reserve so please take this into consideration when setting your max bid.
6) SOFT CLOSE - Soft close will only activate if a bid comes in the last 30 seconds of an auction. If no bid is placed in the last 30 seconds the auction will hard close at normal end-time. If any bid comes in the last 30 seconds, the auction will extend 30 seconds more then hard close. Soft close can only activate 1 time. This is to allow one final chance to set your max bid if you've been outbid.
Please note that any input of a bid or bid alteration (raising your max bid) in the last 30 seconds will enable the soft close.
7) MAX HIDDEN BIDS - Any bid more than 2 minimum bid increments above the current bid will deploy your max hidden bid. Please note that minimum increments move the current auction price regardless if you are the top bidder. If you want to set your max hidden bid it needs to be more than 2 increments higher than current price.
-When you're top bid it will say so with GREEN font. If there is an underbidder with a higher max secret bid the font will remain RED and you will be notified that you've been outbid via email. It is good practice to refresh your browser after placing bid to double check whether you are the highest bidder or have been outbid.
8) REFRESH BROWSER - If you have already set your max bid you do not have to worry about this but if you want the most accurate current bid especially at the end of the auction it is important to keep refreshing your browser. Auctions are always spaced 1 minute apart to give you time to be able to set your max bid. Refreshing browser is also critical in the last 30 seconds to see if soft close has been triggered. Any bid that comes in the last 30 seconds will extend the auction 30 more seconds. This can happen only 1 time, then the auction will hard close. Please be aware that placing last second bids holds a risk that the bid wont register in time. Please do this at your own risk as we are not responsible if your bid is not received in time.
9) SHIPPING - MX currently only ships to the U.S. and uses USPS Priority and FedEx with signature confirmation. You will receive a tracking number that will be live within 48 hours of cleared payment. Please note that our shipping costs include your package being fully insured until delivered. If there is any issue with a shipment, notify us immediately, no later than 24 hours after any issue with delivery. If you fail to notify us within 24 hours of any shipment issue or miss our shipment, insurance is void. Please make sure your address is written correct when you receive your tracking email and monitor carefully to be available when your package arrives.
-Priority Mail - $19 (Max value $1,500)
-FedEx 2 Day - $45 (Max value $5,000)
-FedEx 2 Day - $65 (Max value $10,000)
-FedEx 2 Day - $85 (Max value $20,000)
-FedEx High Value - $85-$200 (quoted based on total value and/or need for overnight delivery)
-FedEx Overnight - Available at request
10) INVOICES - Winning bidder will receive their invoice via email provided to make account. Please make sure to check spam folder in your email if you do not see in normal inbox. All invoices will be sent no later than 10AM Pacific Monday morning following the Sunday auction. Invoices are due no later than Tuesday Evening. If payment is not received by Midnight on Tuesday there will be a 5% late fee. If payment is not received by Friday, the account is banned and invoice is void.
ALL SALES ARE FINAL, PLEASE CAREFULLY REVIEW ALL PHOTOS ON LISTINGS AND BID AT YOUR DISCRETION . DO TO THE NATURE OF THE ITEMS WE SELL REFUNDS ARE NOT ACCEPTED. ALL ITEMS ARE TESTED AND GUARANTEED FOR PURITY HOWEVER WE ARE NOT AN AUTHENTICATION SERVICE ON AGE OR RARITY OF AN ITEM.
If invoice is not paid by invoice due date we reserve the right to revoke invoice, terminate account and/or offer item to underbidder.
BY VERIFYING AN ACCOUNT AND / OR PLACING A BID YOU AGREE TO ALL RULES AND POLICIES LISTED ON THIS PAGE.
Please call, text or email with any questions or concerns:
info@MineralX.com
(310)-741-0217
