How do I remove the hold on my credit card following an auction?

Posted on June 12th, 2017

Any bidder who wins the auction will have their authorization hold released after the receipt of deposit has been verified by On The Block Auctions with the listing brokera ...

How much is the credit card preauthorization?

Posted on June 12th, 2017

The amount required for authorization is 0.5% of the opening bid of the auction up to a maximum of $4,000.

For example, if an opening bid for a property is $500,000 ...

What do I need to bid on an On The Block auction?

Posted on June 19th, 2017

All you need to participate is an internet connection and a credit card. A pre-authorization hold will be placed (but not charged) on your credit card for ...

What is a delinquent bidder?

Posted on June 19th, 2017

This is a case where a registered bidder is deemed the winner of an auction however they do not complete the transaction in accordance with the bidder requirements. Delinqu ...

When is my credit card charged?

Posted on June 12th, 2017

The only instance where a credit card is charged is in the event an individual makes a delinquent bid, where a winning bidder fails to complete the transaction. The charge ...

When is the credit card preauthorization removed?

Posted on June 12th, 2017

Bidders who do not win the auction will have the authorization hold on their credit card removed on the business day that follows the end of the auction. Bidders winning th ...

Will you charge my credit card?

Posted on June 8th, 2017

As part of the identity verification process, there is a mandatory credit card authorization. You are not charged, yet your credit card information is required to both conf ...

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