# All auctions are conducted in USD. Most sellers will accept either PayPal or NP$ equivelent, and rate is assumed to be $.02 per NP$. If you need NP$, they can be purchased at the NP$ Bank & Exchange (link opens new window)
# Bidding increments are as follows:
Upon opening bid Min. $1 increments
After $100 Min. $5 increments
After $500 Min $20 increments
After $1000 Min $50 increments
# Winning bidders are expected to make payment within 24 hours of end of auction event, unless notified of buyout clause by seller.
# Bidders with 0 trader rating must complete payment on a winning auction before bidding again.
# Bids must be entered before auctioneer declares item SOLD. If bid is made before SOLD is declared, it restarts the "going, going, sold" process.
# Buyout clause for 'no reserve' aucitons: Seller may opt to use the buyout clause to cancel the auction results by paying the winning bidder a fee of 20% of the winning bid price, capped at a maximum of $6.00 or 300 NP$. Buyout clause does not apply to auctions that meet a reserve price. If you opt to use the buyout clause, please inform the winning bidder as soon as possible.
# Auctions are to be conducted by the auctioneer only. You need not be present for your item to be auctioned if it has been properly added to the queue.
# If you would like to submit a domain name to be sold at the auction, visit here. You may add one name at a time or one group of names to be sold at once. There is a fee to list a name at a live auction event.
Your name will be added to the auction queue. Best efforts will be made to auction all names in turn.
I really like the new setup as well! :tu:
