So, now this same car that my son was the winning bidder on, goes either to the next highest bidder or back on auction again. Phone verification, banking information, etc.Īnyone with a stolen credit card could bid on a car without the credit card holders knowledge. Meaning that, photo ID, signature of the cardholder. This company should take precautions when people register to bid. $731.07 out of pocket for a transaction that never should have been permitted. Once you’ve submitted your bid, we place a hold on your credit card for 4.5% of your bid amount until the duration of the auction, in case you end up as the winning bidder. Your bid must be higher than the previous bid, of course – and depending on the current bidding level, there may be a minimum increase over the previous bid. Now I'm stuck for the amount charged to a credit card that was used by my son without permission. Please let us know if you have any questions.Īs it turns out my son's bid of $16,246 was the highest bid. A little paint work and then good as new.") demonstrate real excitement for this car. I'd recommend discussing this with your son, as the comments placed alongside the bids (including "Had to give up a 09' cayman s two years ago. If your bid did win it, this would be a phenomenal price for this 911, and we hope that you or your son would follow through on the purchase, as is laid in our terms of conditions. At your current high bid, we believe that you are unlikely to win this auction. Please note that we have only placed a hold on your account - you would only be charged if you won the auction, and otherwise, the hold will be removed upon the completion of the auction on April 1st. Note that, per the terms and conditions agreed to upon each bid and upon registering, bids are binding and cannot be removed. We do see those two bids placed on the 2001 Porsche 911 Carrera Coupe from your account - the first for $12,250, and the second for $16,246. I wrote to their director of operations about this issue and this was his response If you bid on a car by mistake, or in my case by credit card fraud, you can not retract your bid. When I went to their website and reviewed their terms for the buyer, I knew this was by all standard business practices, very unethical. When my son set up an account on this website to bid on a car with my credit card, I was shocked to see the amount charged to "hold" for the auction if indeed he won the bid.
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