Trading Rules
A fair, transparent trading environment that protects the rights of both buyers and sellers.
Security Deposit Rules
- •A deposit equal to 10%-20% of the starting bid is required before bidding.
- •The security deposit can be paid via online payment or bank transfer.
- •Upon successful bid, the deposit is automatically converted to a portion of the payment.
- •Bid unsuccessful. Your deposit will be fully refunded to the original payment method within 3 business days.
- •A breach will result in forfeiture of the deposit as liquidated damages.
Bidding Rules
- •Minimum increment must be at least 5% of the current price or a specified minimum amount.
- •If a new bid is placed within 5 minutes of the auction ending, the timer automatically extends by 5 minute(s).
- •Automatic proxy bidding enabled. Set your maximum bid limit.
- •Bid records cannot be reversed. Please bid carefully.
- •Same price: priority to earlier bidder
Payment Method
- •After winning the bid, pay 30% of the transaction amount as a down payment within 24 hours.
- •The remaining balance must be paid within 7 business days.
- •Supports bank transfers, Alipay, WeChat Pay, and more.
- •Buyers must pay a commission of 10% of the transaction price.
- •Arrange collection delivery and logistics upon full payment.
Breach Handling
- •Buyer breach: Deposit forfeited, bidding rights revoked.
- •Seller breach: Double return of deposit and full liability.
- •Late payment: 0.5% late fee per day on the unpaid amount.
- •Overdue by more than 15 days: deemed as voluntary forfeiture; item will be relisted.
- •Severe violators will be blacklisted and permanently banned from bidding.
For any questions, please contact our customer support team.
Customer Service Hotline: +86 13387898989
Service Hours: Monday to Friday 9:00 - 18:00