What kind of payment terms do I have to offer a buyer – particularly if they are a new customer?
A. Whatever you choose. You will have the ability to demand a credit application, and you will review it in the same manner you would for any other transaction. If you are comfortable with them, or they are a current customer in good standing, then you can offer them terms. You can demand a wire transfer if you are uncomfortable with their creditworthiness. However, if you do so, we encourage – but do not demand – that you offer a small discount for an immediate payment. This is your auction, so you will dictate the terms. Please be explicit when you are filling out the PAYMENT TERMS section of our listing form.
