Doesn't BaT take bidder's credit card info and charge them the commission/fee even if the sale doesn't consummate...?
Originally Posted by Harv
EDIT: From their FAQ's - why can't they link at the TOP of the page?
Q: Why is there a charge / hold on my card?
A: When bidding, we place a hold on your card for 5% of your initial bid amount with a minimum hold of $250 and maximum of $5000. Should you win the auction, that hold will be converted to a charge. If not, the hold will be released immediately at auction end. It can sometimes take a few days for your bank to release the funds.
This looks a bit shilly to me. Winner is a brand new BaT user and allegedly flakes, after driving the price up ~20% from the 3rd highest bidder ($50k vs $40k). If AugustReilly is a shill, he bumped the sale price nearly $10k, if Nchartouni completes the sale.
$51,000 = AugustReilly (winner who flaked)
$50,500 = Nchartouni (2nd highest bidder, who lost the bidding war)
$41,500 = scottyd40 (3rd highest bidder)
$34,250 = KevinT (4th highest bidder)