The easiest most cost-effective auction platform you will find
- You will have these base seller price plan fees to sell your items at auction using I GO AUCTION platform. Once you sign up there is a monthly $25 Subscription Fee that is charged to your account whether you
have no auctions are many. - There is an per Auction fee of $20 per auction whether you have one per month or many.
- There is a 1% charge for the gross value of all items listed in each auction. This fee applies to all items whether sold or not. This fee also applies to real estate and vehicles.
“We Do for You,” program defined…
Your Responsibility as a seller and auctioneer will be to supply us with the information of your auction and auction
items. We show you how we need this information supplied to us and the deadlines in which we receive this
information. We are the easiest and most efficient online auction house platform for listing your auction items
whether just a few or hundreds!
Our Responsibility is we do everything else for you. (No need for programming and IT staff, its all inclusive with AUCTION WALK).
We list the items precisely as you have outlined using our proprietary forms and software.
We use your merchant card system through our program to get you paid. We never have access to your auction
winnings.
You are allowed up to 2% changes to your individual auctions/auction info that is listed using our trouble ticket /
chat system.
Additional Seller Terms defined:
THE SELLERS: I GO AUCTION is an online Auction bidding platform where they allow their vetted and pre-approved
licensed Auction companies to list items for sale through Auction. These Auctions are items that are listed from varied sources such as estate sales, business closeout and overstock and regular retail sales outlets of merchandise
and services.
All sales events at AUCTION WALK are monitored by us. Before any user can participate in a sale, that buyer’s information is processed. Buyers can only participate in a sale if they sign up and are approved, giving buyers a hassle-free shopping experience. AUCTION WALK integrated payments system, was developed specifically for Sellers and Buyers is designed to keep payment information secure with all cardholder information is protected using firewalls, encrypted transmission of data and vulnerability management. AUCTION WALK never keeps or records any credit card information as this is handled directly between the Seller and Buyer merchant card systems in place. We are constantly innovating and improving our risk management system and are committed to providing a trusted community where buyers and sellers can connect.
We monitor all buying and selling activity on the site, tracking the site for irregular or unusual buyer behavior. Always looking for any incidents that indicate fraudulent activity.
- Adhering to all legal requirements for merchant processing to ensure all buyer credit card information is safe, with no recording or keeping of any financial data on the site itself.
- Monitoring for previously banned buyer profiles
- Verifying unusual account activity by location
- Monitoring changes in account behavior and profile information
- The validation of the registered address is the shipping address.
- Tracking abnormal retracted bids
- Quickly restricting the buying and selling of any Terms and Conditions Violations.
- Tracking for external and internal “Shill Bidding” activity
- Using external sources to validate buyer information on file.
- Vetting international buyers with Control’s (OFAC) Specially Designated Nationals lists which documents individuals who are prohibited from transacting with U.S. persons.
Rest assured; all sellers are subjected to a comprehensive review process before gaining access to GOAUCTIONGO.com. We take our vetting seriously. Have confidence that you’re buying from only the best sellers.
We make it easy to report items you believe to be counterfeit, illegal, inappropriate, prohibited, or misrepresented. When we substantiate any seller irregularities then we take steps to investigate, validate and if needed terminate the seller. Most of our Auction Vendors are honest and transparent and will make any adjustments needed when a legitimate complaint is made about an item. AUCTION WALK allows only reputable licensed sellers to ensure your seller is upholding platform standards for the buyer’s experience. Being a smaller volume bidding platform, our ability and policy is to quickly make decisions so that quality sales of all items listed are maintained. Even if this means the termination of a seller to offer items with us.
Online Auctions are a relatively common and simple way for you to buy and sell a huge variety of assets ranging from the simplest of items from an estate sale or business liquidation to vehicles and Real estate. These are a common method used to raise money for foundations and churches and a typical way for the average probate estate to sell its real property or a trustee in bankruptcy to liquidate a business or residence. GO Auctions GO is a premier online Auction platform for some of the best Auction companies in the USA. In short, our platform brings together buyers and sellers of merchandise and services.
Definitions and Basic Process:
All our Auctions have a seller/vendor/Auction house and a bidder/buyer. In an Auction, the final sale is usually the result of competition between bidders with the last and highest bidder being the winner. On occasion the seller places a minimum price for the item being Auctioned and the high bidder will have to exceed this amount to be able to purchase the item.
With our Auction platform, the sale can be performed either by one of our licensed approved or registered sellers. also known as an Auctioneer and Auction company. AUCTION WALK also allows sellers that are not registered through the platform to reach out to any of our legitimate licensed Auction companies to request the sale of their items. A good example would be the heir of a private estate where the need to liquidate these assets after a passing of a relative. Our platform is not available to non-licensed companies of any kind. Private parties must list their items through one of our approved Auction company vendors. This ensures the quality of the items sold and assurances that they will be available for pick up and/or delivery.
At least one bidder is needed to conduct an Auction though bids. Online Auctions always have a starting price point, and most are at, NO RESERVE.” Bidders themselves can bid by proxy, so they do not need to be present to place their highest bid. A proxy bid is submitted electronically with the highest current bid publicly displayed and the proxy bid being in private only to bid up in increments should the current bid be outbid. Generally, an Auction is complete when the first bid is accepted, and the Auction date and time is met, and the Auction comes to a close. A binding contract is created by the Auction as well as the bidder. The Auctioneer/Auction company must sell the item to the bidder and the bidder must pay and pick up or take delivery of the item. The seller may have set a reserve price in advance, and this must be met for the contract to be complete. If the final bid does not reach the reserve price, the property remains unsold.
Note that the popular understanding of an Auction is identical to the legal definition of an Auction. Legally, an Auction is defined as the “public sale of property to the highest bidder.” Simple but accurate. The definition of Auction should be interpreted to preserve and promote competition. Let the free-market rein and create the price point for any item in any set time frame.