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Main => Everything Else => Topic started by: Snakebyte on June 13, 2004, 12:34:40 am

Title: Auction Advice
Post by: Snakebyte on June 13, 2004, 12:34:40 am

I'm planning to go to the San Jose Super Auction on June 26th.  I see that on their site they say that they accept credit cards.

For those of you that have been to a Super Auction, would you suggest I take cash with me, or just use a credit card?

Just don't like walking around with a lot of money in pocket unless I need to.

Thanks!

Title: Re:Auction Advice
Post by: Tailgunner on June 13, 2004, 02:52:34 am

Quote from: Snakebyte on June 13, 2004, 12:34:40 am

I'm planning to go to the San Jose Super Auction on June 26th.  I see that on their site they say that they accept credit cards.

For those of you that have been to a Super Auction, would you suggest I take cash with me, or just use a credit card?

Just don't like walking around with a lot of money in pocket unless I need to.

Thanks!

I haven't been to a Super Auction, but the auction company local to me takes credit cards as well.

I took cash to my first auction, but since then I've paid for my auctions purchases with a credit card. I do still take some cash with me, but mostly for dealing with the vendors there.  

Title: Re:Auction Advice
Post by: Apollo on June 13, 2004, 03:50:28 am

Do you have to pay an extre premium for a credit card purchase at the auction?

Title: Re:Auction Advice
Post by: Chemixtry2 on June 13, 2004, 03:59:32 pm

The first time I went to a Superauction in Dallas I used cash because the cab I bought only cost a dollar.  ;D At the last one I used a credit card. There is no fee for using a credit card although you do pay a 13% fee on any auction you win regardless of how you pay. If you sell something there they can also deduct whatever you purchase from what you sell.

Title: Re:Auction Advice
Post by: saint on June 13, 2004, 07:11:51 pm

Actually, it's 13% premium of what the item went for. If you pay cash, they give you a 3% discount, unless they've changed policy recently. They can't charge you more for credit cards, so they "charge you less" for cash...

-- saint

Title: Re:Auction Advice
Post by: fredster on June 14, 2004, 09:53:50 am

Most of the time you have to pay an EXTRA premium to use a credit card.  You have to look at the auction terms.  Like with a 10% buyer's premium:

Say you buy  $100 game.  You have to pay an additional 10%.  So now it's $110.  Then you have to pay sales tax, and they usually calculate that on the $110.  If it's a 7% sales tax, you then owe $117.70.  Then you owe an additional fee of say, 3% for using the credit card.  That's on the total amount.  Now it's $121.23

So for every hundered dollars you spend, you have to pay an additonal $21.23.