As with any POSTMEDIA Auction, all gift certificate, where applicable, cannot be used to pay previous balances on account or towards any previous work orders or quotations. All gift certificates are treated as cash for purchases, but have no cash value and cannot be refunded. The amount must be used in full.
In order to prevent fraudulent bidding, we require a valid Visa or Mastercard to place a bid or purchase any item. This credit card will be automatically processed to pay for the auction item if you are the winning bidder. A preauthorization will be taken for $0.50 upon registration to ensure the card is valid and the information is correct. The preauthorization will be released in approx. 5 business days after registration.
Once your purchase is complete your claim voucher is available under 'My Account' when you are logged into the site. Vendors are unable to release the items without the necessary documentation.
In the event that your credit card fails to process, we will attempt to contact you, as a courtesy. However, we reserve the right to cancel the transaction.
Winning bidders are responsible for all additional taxes associated with the item. The appropriate taxes will be applied to all winners.
Once payment has been processed, a downloadable certificate will be available in the "My Account" section of the site, which will include instructions on how to redeem your certificate for the item. Any warranty either implied or in writing are the responsibility of the vendor supplying the item and POSTMEDIA is in no way responsible for any warranty or service issues that may evolve from the use of the item or service. Upon receipt of the item or service, the vendor will remedy any concerns or warrantable situations.
05/26/2020 at 10:07 AM
If a bid is placed during the last 5 minute(s) of an auction, the auction will be automatically extended for an additional 5 minute(s) from the time of the latest bid. This auction will close once all bidding activity has stopped for a period of 5 minute(s).
NOTE: Current Bid Amount and Countdown Timer are not "live." Click Refresh to update them or to see if the auction has been automatically extended by a last minute bid.
The bid increment indicated is the minimum amount needed to raise the bid. You are free to bid any amount as long as it is higher than the current bid plus the bid increment.
In a Dutch auction the seller offers more than one identical item for sale, so that there may be more than one winning bidder. Each bidder can bid for all the items or only some of them. However, all winning bidders need to pay only the lowest qualifying (successful) bid. If there are more successful bids than items available, priority goes to bidder with the highest bid. If bidders have the same highest bid, priority goes to the bidder who submitted their bid first.
In order to beat a competing bidder, one must bid a higher price per item than that competitor, regardless of the number of items that are being bid for. Here is an example of how this might work:
The seller auctions 5 identical items.
Bidder "A" bids for 2 items at $20 each.
Bidder "B" bids for 4 items at $21 each.
Bidder "C" bids for 3 items at $18 each.
The outcome of this auction would be:
Bidder "B" wins 4 items at $20 each.
Bidder "A" wins 1 item at $20 each.
The price is $20 because that was the lowest successful bid.