UAE: Bid Deposit and Payment Information

Registration to bid is free of charge, whether you are bidding in person, online or by proxy. You may be required to pay a refundable bid deposit.

Depending on your bidding history, you may be required to place a refundable 25% bid deposit when you register to bid.
If you have placed a deposit by credit card, the deposit amount will be applied to unpaid invoices immediately after auction. A 2.95% iClosing convenience fee applies to all credit card payments.

All payments must be made in United Arab Emirates Dirhams (AED) or United States dollars.
Cash payments will not be accepted. Please only pay from the same account from which you made the purchase.
Each purchased Lot will be subject to a transaction fee of:
    (a) 15% on all lots selling for USD 5,000 or less, with a minimum fee of USD 100 per lot or
    (b) 10% on all lots selling for over USD 5,000 up to USD 12,000, with a minimum fee of USD 750 per lot, or
    (c) 4.85% on all lots selling for over USD 12,000 up to USD 75,000, with a minimum fee of USD 1,200 per lot or,
    (d) USD 3,638 on all Lots selling for over USD 75,000.
Lots must be paid in full within seven (7) days of the end of the auction.
NOTE: Purchases cannot be removed from the auction site or collected until paid for in full. If paid for with non-certified funds, items will not be released until non-certified funds clear our bank. This policy will be strictly enforced.

Ritchie Bros.