Buyer's Fees and Payment Terms

Rum Auctioneer is dedicated to ensuring our customers have trust and confidence in our services. We are transparent about all fees and charges at every step of the bidding and checkout process. You can find all buyer fees and payment terms detailed below.  

Please note: all fees are quoted ex VAT. 

Registration fee 

£5 
Our one-off registration fee provides lifetime access to buy and sell in all of our actions. It is required to help us authenticate our customers and mitigate against illegitimate bidding.  

Buying Commission 

12.5% of final hammer price 
Buyers commission is added to your invoice during the checkout process, against all lots won.  

Conditional fees 

Non-UK or EEA Credit Card Surcharge (3% of the order subtotal) 

This charge will be added to all credit card payments for buyers outwith the UK or European Economic Area (EEA).  

Local Taxation/Custom Charges  

Please be aware that local taxation, customs charges or additional shipping costs may apply. Read more about this in our Shipping information. 

Loss and breakage assurance (LBA) 

3% of the Hammer Price 

This optional cover will provide reimbursement for breakage or loss during transit. Full details and exclusions can be found on our Shipping page. 

Please note that VAT may be applicable on charges, including additional charges such as, but not limited to; Registration fees, Listing fees and Reserve Fees. 

Payment Methods

We accept all major debit and credit cards, including Visa, Mastercard and American Express. Payment can also be made via bank transfer. 

Payment Terms

Payment for lots won must be made within 72 hours of the auction closing. A compulsory late payment charge of 3% of the outstanding balance will be applicable to any payments made after 72 hours.