Buyer's Fees and Payment Terms

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Buyer's Fees and Payment Terms

Rum Auctioneer  is passionate about and recognises the importance of ensuring that our customers have confidence and trust in our services. As such, we are committed to providing information on our fees  clearly and accurately to help customers make informed decisions on buying in our auctions. 

BUYERS' FEES  WITH RUM AUCTIONEER 

REGISTRATION 

We charge £5 (ex VAT) to register on our site.  This gives you lifetime access to our regular monthly and exclusive auctions. The registration cost is non-refundable and is used to authenticate users and mitigate against illegitimate bidding. 

 

AUCTION FEES 

Buying Commission: 10%  of the final hammer price 

Please note that VAT may be applicable, please see more information here.

 

CONDITIONAL FEES

Non-UK or EEA Credit Card Surcharge: 3% on credit card payments from buyers outside of the UK or the European Economic Area (EEA)

Local taxation and custom charges:  Please note that local taxation and customs charges may apply  and the Buyer is responsible for both understanding and paying for any local taxation or custom charges if applicable. Please visit our International Shipping page for more information.

 

OPTIONAL SERVICES FEES

Loss & Breakage Assurance (formerly Risk Free Shipping): 3% of the total value of all lots included in your order. You can find out more about Loss & Breakage Assurance  here. 

  

PAYMENT TERMS WITH RUM AUCTIONEER 

 PAYMENT METHODS 

Bank Transfer/BACS/IBAN 

Debit Card 

Credit Card 

If you wish to pay by an alternative method please contact us  to discuss. 

  

WE ARE UNABLE TO ACCEPT THE FOLLOWING PAYMENT METHODS 

Cash 

Cheque 

PayPal 

JCB / Diners / Maestro Cards 

  

BUYER'S PAYMENT TERMS 

Rum Auctioneer's payment window for buyers is  three days  (72 hours) from close of auction. If payment for an order is not received within this 3 day window, a late payment charge of 3% of the total balance outstanding will be added to the order. 

Late Payment Fee: 3% of the total order balance outstanding 72 hours (3 days) following close of auction. 

 

FAQs

Why do bids start at £15 and not £0?

Due to the governing laws for licensing in Scotland, there is a minimum price for alcohol units. As a result we have introduced a minimum bid price for each item, £15 will be the starting bid for most bottles of rum, but this will be calculated on a lot by lot basis.