Payment & Fees

Before placing a bid, most people want to know what happens if they win. They want to understand what they may need to pay, and when payment is required.

Authorization Hold

To participate in an auction, a temporary authorisation hold equal to 10% of the starting bid will be placed on your credit card.

This helps confirm participation and reduce non-serious bidding.

The hold is not a charge.
Starting Bid RM5,000
Authorisation Hold RM500

No Payment Required If You Do Not Win

If you do not win the auction, the authorisation hold will be released automatically.

No payment is required.

Hold released · zero charge

If You Win The Auction

If you place the highest bid at the end of the auction, you win the watch.
You will then pay:

  • Your Winning Bid
  • The Buyer's Premium (10% of Winning Bid)
Winning Bid
RM6,000
Buyer's Premium
RM600
Total Amount Payable
RM6,600

Premium Payment

If you win, the authorisation hold is included in the Buyer's Premium payment.

Starting Bid RM5,000
Winning Bid RM6,000
Buyer's Premium RM600
Hold becomes first part RM500
Remaining premium balance RM100
Total Premium Paid By Credit Card: RM600

Watch Payment

The Winning Bid is paid by online bank transfer.

Winning Bid RM6,000
Online Bank Transfer RM6,000
Once payment is received, the watch will go through a final check before shipping.
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