Payments
machinebidder - all sales
Once the machinebidder auction has finished and you have been successful, you will be notified immediately by email. Payment for items won is due immediately. Invoices are emailed and a hard copy posted within 24 hours.
Payment Methods are:
- Cash (Up to a maximum of £10,000 - to satisfy current legislation regarding money laundering)
- Electronic Bank Transfer - CHAPS
- Bankers Draft - PLEASE NOTE WE DO NOT ACCEPT CREDIT CARDS OR CHEQUES
Cleared funds must be received prior to goods being released
Value Added Tax (Sales Tax)
Payment of Value Added Tax made in the UK are subject to 17.5% VAT on both the hammer price and buyers premium. If goods are subsequently removed or exported out of the UK, VAT can be refunded on the hammer price providing sufficient proof of export is supplied to machinebidder. This only applies to goods that have left the UK within three months of the auction date. Please note the VAT cannot be refunded on buyer's premium as it is recognised by HM Customs and Excise a service charge within the UK.
Buyer's Premium
All equipment sold through our online auction system carries a buyers premium of 15%.