Why do you require a credit card to participate in an online auction event? 

If you choose not to verify your identity, we place a $1,000 hold on your credit card during event registration—this makes sure bids are only placed by serious buyers.  


The hold is removed within 24 hours of either the event ending (for non-winners) or the escrow or closing company’s receipt of earnest money deposit (for winners).
 

 
We work with a third party to verify information and do not store credit card information. 

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