Bidding
These are the 9 different ways a client can bid.
What is mail, fax, Internet, Phone bid, Heritage Live, in-person, email, Heritage App, and Mobile HA.com?
This form is used for client's who request to ship to a mail forwarding facility.
What is a Drop Ship form?
A program where clients can offer directly to the winning bidder of an item won at auction.
What is MOTO?
This system is used to process payments.
What is Electronic Payment (EP)?
Name this policy:
Returns are not accepted on any auction lots under any circumstances, except in cases of confirmed errors made by Heritage Auctions
The Return Policy
A fee charged by Heritage to host consigned items in a given auction
What is Buyer's Premium?
Non-established international clients must complete this to ship to an alternate international address
What is Veriff?
Tool used to check the status of an offer.
What is MOTO Realtime Status Report?
This is the hold period for checks in the amount of $501-$19,999.
What is 5 business days?
Name this policy:
What is the MOTO Return Policy?
These are bids placed during the pre-bidding portion before the auction goes live
What is an Internet Proxy bid?
This option will allow clients to save on shipping costs by combining invoices that are under the same category.
What is Combined Shipping?
Items that did not sell during the auction will be available after the auction.
What is Post Auction Buys?
Any purchase paid in $10,000 or more in cash must be reported by filling out this form. This includes “structuring”.
What is Form 8300?
CS Supervisors can approve bidding error returns for amounts under this threshold.
What is $500?
Two-phase bidding process held for our Sports auctions.
What is Extended Bidding?
International shipments are not insured if they sign this form.
What is International Shipping Instructions form?
All buyers have a 7-day return policy. The 7 days starts from the day they received the item
What is the MOTO return policy?
Name all payment options available for clients.
What is credit card, debit card check, echeck, cash, money order, cashier's check, crypto and bank wire?
This label covers shipping costs when the client returns the item to Heritage.
What is a Billable Stamp?
Three systems that we use to enter bids.
What is Nexus, Bidder Lookup/Bid Entry, and Heritage LiveProxy Bid Entry Console?
This is the domestic expedited rate for overnight and same-day shipping
What is $30 and $15?
Name 3 other Inventory items that clients can purchase through our website.
What is Comic Market, Virtual Bourse, and Web Orders?
These items are required for outgoing bank wire requests.
What is the Nexus Change Log, Veriff Verification Report, Correct Wire Form, and Two Form Communication
You contact them if the winning bidder retracts or returns an auction item over $500
What is the underbidder?