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Terms and Conditions for Online Auctions

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Registration:

1. All buyers must sign up and register with www.mnbidz.com to be an actual bidder on our web auction. YOU MUST BE 18 YEARS OR OLDER TO REGISTER AND BID WITH WWW.MNBIDZ.COM!! In order to become a registered bidder you must fill out the bidder application and include your VALID:

  • Desired Password
  • E-mail
  • First Name
  • Last Name
  • Address
  • City
  • State
  • Postal Code
  • Work Phone Number
  • Home Phone Number

Failure to provide us with your current real information will nullify any current bids, future bids, and will have yourself banned from our auctions.

2. Each bidder is only allowed ONE account. You may NOT register more than one account for yourself. If you happen to forget your password or have any issues with your account, please contact the webmaster at mnbidz2@gmail.com.

3. Once you have registered, keep your account information confidential! Giving your information to a third party to use or access your account on your behalf or otherwise will make you liable for any and all bids made via your account.

4. You will need to log in after your first initial bid on that particular bidding session. A log in screen will be presented to you upon entering your first bid.

Bidding Online With MNBIDZ.com:

1. Upon a successful completion of the registration process for MNBIDZ you will be eligible to bid on any item on any auction within the limits of MNBIDZ.com.

2. Within an auction, you can bid on an item by entering your desired maximum bid in the box directly to the right of the item you wish to bid on and then clicking the "submit bid" link. The current highest bid will be displayed underneath the column named "Current Amount". The minimum next bid allowed will be displayed just to the right of this column underneath the heading "Next Bid Required". In the event that there is a tie, the bidder who bid the original amount will continue to be the highest bidder. The current winning bidder will be displayed as their respective bidder number underneath the column labeled "High Bidder".

3. You understand and aknowledge that any bids made in any of MNBIDZ.com auctions is irrevocable and cannot be amended or corrected, even if submitted to us by error. You accept full liability for all bids on all of MNBIDZ.com auctions submitted by your MNBIDZ.com online bidding account. You also accept full liability for all payments, due on time, for any and all invoices incurred from successful bids from your MNBIDZ.com online bidding account.

4. Each item sold will be assessed an additional 13% Buyers Premium (BP). Minnesota State Sales Tax of 7.125% is also assessed to each item that is considered a taxable good. For instance, if you bid and win an item for $100.00, you will be assessed an additional $13.00 for the Buyers Premium. You will then be assessed $8.05 of Minnesota State Sales Tax for a grand total of $121.05.

5. All bids are made using the United States Dollar. The bidding increments on MNBIDZ.com are as follows:

  • - Up to $25.00 the minimum increase in each individual bid will be $1.00.
  • - From $25.00 to $50.00 the minimum bid increase is $2.50.
  • - From $50.00 to $100.00 the minimum bid increase is $5.00.
  • - From $100.00 to $250.00 the minimum bid increase is $10.00.
  • - From $250.00 to $500.00 the minimum bid increase is $25.00.
  • - From $500.00 to $1,000.00 the minimum bid increase is $50.00.
Bidding will end one item per minute starting at the close of the auction until the last item has sold (i.e. If the auction close time is 7:00pm item #1 will close at 7:00pm. Item number 45 would close at 7:45 and so on and so on until all items have closed). If any item receives a bid within the last 5 minutes of the items close time, an extension of up to 5 minutes will be given to that item in order to give the person that was outbid a chance to make a counter bid.

6. MNBIDZ.com reserves the right to reject, withdraw, or terminate any bid online, registration, or bidding account, for any reason, at any time prior to, during, or after a sale.

7. MNBIDZ.com accepts Cash, Credit Cards (Visa, Mastercard, American Express, or Discover), Debit Cards, or transfers via PayPal. MNBIDZ.com DOES NOT ACCEPT CHECKS OF ANY KIND.

8. Any lot offered by MNBIDZ.com in any of its current auctions are available to be viewed and inspected prior to the end of that auction. MNBIDZ.com allows any bidder to inspect any item during normal business hours (Monday - Thursday from 9:00am to 5:00pm). It is STRONGLY advised that you examine any lot you wish to bid on in person before any sale.

9. All sales are final and "as-is", "where-is", with any and all faults. MNBIDZ.com does not offer any refunds or warrantys of any kind. Ample time is given to any bidder to inspect and test any item during normal business hours.

10. An invoice will be sent out to every and all winners via the e-mail address given at the time of registration. It is the bidders responsibility to fulfil the full amount of the invoice by the end of business on the day of "pick-up". MNBIDZ.com reserves the right to remove and/or ban any bidder if any invoice has not been paid in full.

11. All winning bidders must pick up or apply for shipping on their items the day after an auction on MNBIDZ.com has completed. Once a customers items and shipping had been paid in full, MNBIIDZ will ship the customers items on or around 3 (three) days after payment has been made. All items will be picked up at the MNBIDZ.com wherehouse located at:

8070 University Ave. NE
Fridley, MN 55432

If any item that has been paid for or not and is left at the MNBIDZ.com wherehouse for longer than 7 (seven) days, the buyer forfeits their item(s) and MNBIDZ.com reserves the right to liquidate that item in the best interest of the seller UNLESS other arrangements have been made.

12. If you choose to use MNBIDZ.com's online bidding service, you do so at your own risk. All bidders entering the auction site to view items or pick up items do so at his or her own risk. MNBIDZ.com and its employees will not be held liable for any accident, fault, harm, loss, or damages that may be incurred during the time of bidding by using MNBIDZ.com's online bidding service or by visiting MNBIDZ.com's wherehouse location.

13. MNBIDZ.com updates its web site frequently. Any changes made on the entire site take override any previously listed information. MNBIDZ.com reserves the right to modify its Terms and Conditions at any time for any reason.

14. If you have an item that you won from our auction that does not match the description...you have EXACTLY 24 hours to bring it to our attention or no action will be taken by MNBIDZ.com regarding that item.

15. In the event that bidding rights are terminated due to no-show invoices, bidders MAY be reinstated at the discretion of MNBIDZ.com only after a penalty fee of 20% of the unpaid invoice(s) or a fee of $50.00 (whichever is greater) has been paid to MNBIDZ.com. INVOICED ITEMS WILL NOT BE AWARDED. The payment is punitive and meant to deter no-shows. Duplicate bidder accounts will be deactivated when they are determined to exist. If possible and at our discretion MNBIDZ.com reserves the right to delete any bid we believe has been place by a suspected duplicate bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until user is verified. Surplus City reserves the right to disallow anybody from bidding on its web site. Cases of obvious bidding with no intent to redeem will be referred to appropriate legal authorities.

By clicking the link below, you agree to all the terms and conditions stated on this page.

Click here to continue the registration process

 

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