Online Auction Terms and Conditions This is an ONLINE ONLY AUCTION. PLEASE DO NOT BID IF YOU ARE NOT ABLE TO PICK UP YOUR ITEMS during the scheduled removal times. ANY ITEMS NOT PICKED UP ON THE SCHEDULED DAYS WILL BE CHARGED A LATE FEE. Invoices $100.00 or less will be charged an additional 25% of their total invoice. Any invoice $100.01 or more will be charged a $25 late fee and a $15 per day storage fee. NO EXCEPTIONS! NO refunds or chargeback's will be granted due to a lack of removal at the designated times. Two Weeks after the scheduled removal, items will be considered abandoned and you will be charged a $25.00 restocking fee per invoice. BUYERS PREMIUM: A 16% buyer's premium will be added to each purchase. If you bid $100.00 at check out you will be charged $116.00 plus 6% sales tax. Buyer's who pay cash will receive a 50% discount off the buyer's premium. PAYMENT: Invoices are sent out immediately after the auction closes. Buyers are given two specified pick up days to come in and pay for items. Credit Cards will be charged automatically after the closing of the last pick up day for ANY invoices not paid for. Credit Cards accepted are Visa, MasterCard or Discover. American Express will be Accepted with an additional 3% fee added to invoice. PRE-AUTHORIZATION: A $1.00 pre-authorization amount will be applied to your credit card for each auction you bid in. This charge is a pending-only. Charge is meant to verify your credit card on file and will drop off once the auction has ended. It will not post permanently to your account. If you have any questions, please e-mail restaurantliquidations@gmail.com. If you feel this charge was mistakenly posted to your account, you must provide a bank statement showing that the charge was POSTED (not pending) to your account. You must have the available balance on your credit card for the amount of your online purchases. Increasing your own bid/Bidding Errors: Please be aware that many bidders routinely increase their own bid to price an item out of reach of other bidders. You should immediately review your bids once submitted. If you mistakenly increase your own bid, place your bidder number in the bid field, or make a typo you must immediately contact our office by email. Use the contact sheet on our website (we must have your request in writing). WE CANNOT REVERSE BIDS AFTER THE AUCTION HAS CLOSED. NO EXCEPTIONS. Staggered Ending: The online auction closes 3 items per minute. This feature will close the bidding on intervals. This feature works great with the auto-extend feature to closely emulate a 'live' auction. Dynamic Closing: The closing time of an asset is automatically extended an additional 5 minutes whenever a bid is placed within the last 3 minutes of the asset's closing time. Bid Notification: If you have been outbid you will be notified by email ONLY UNTIL the last day of the auction. ***Starting at midnight EST the night before the ending of the auction notices are not sent. To quickly review your bids and see if you have won, you can utilize the 'review bids' feature next to the "submit bids" button. Items that have been outbid on will be marked with a red arrow next to the items current winning bidder number. Restaurant Liquidation Auctions staff members reserve the right to bid on items in auctions. Winning Bidder Notification: You will be contacted by email ONLY (you are responsible for checking your email). If you feel you have won an item and have not received an email you must notify us by email no later than 9am the next day. SALES TAX: 6% Michigan Sales Tax will be collected on all sales.