Do-Bid/Oberfoell Online Auctions accepts the following methods of Payment
Cash, Cashier's Checks, Money Orders (Payable to Oberfoell Auctions), Visa/Master Card-on invoices up to $2,500.00, and Wire Transfer. (Good Personal & Business Checks are accepted, however, Oberfoell Auctions reserves the right to require a Bank letter of guarantee, guaranteeing payment in full, without condition upon demand.) For Payments & Shipping Arrangements contact Marilyn 218-735-8619
In many cases we generate our commission by using a * buyers premium* which we collect from the purchaser, without any expense for the seller. The seller is usually responsible for set up costs, advertising and marketing and other direct expenses associated with the sale.
We have staff at the removal location to handle payments of cash, cashier's Check, or money order made payable to Oberfoell Auctions, or you can pay with credit card by phone. Contact Marilyn at 218-735-8619 to arrange for payment by phone.
A down day is allowed between the auction closing day and the first payment/pickup day. On this down day Wire Transfers should be arranged and conducted. Call Marilyn at 218-735-8619 to have wiring instructions faxed to you. High bidders/purchasers are expected to make arrangement for removal, riggers, etc. so that they can conform to the pickup days allotted.
When and Where Minnesota State Sales Tax is applicable it will be invoiced on top of the sale price plus buyers premium since the buyers premium is considered part of the contract sale price in accordance with state law.
SALES TAX EXEMPTION
You need to submit a tax exempt form each event with your bidder number and the sale closing date prior to the conclusion of the auction.
For resalers or tax exempt, provide a copy of your state exemption certificate.
If you are tax exempt, prior to the conclusion of the online auction you must fax a copy of the appropriate state exempt form to 218-735-8564. Get form from here. You must include your bidding number and the closing date of the auction. Forms without this information will not be accepted and you will have to apply to the state for a refund.
