Club Barter Marketplace -Terms and Conditions
Club Barter is responsible for maintaining the Club Barter Marketplace website. The following terms and conditions apply to every auction posted on the Club Barter Marketplace website. These terms and conditions relate to general website policies and procedures. By placing a bid on Club Barter Marketplace website, bidders are verifying they are at least 18 years old and acknowledging they understand and will comply with both the Club Barter Marketplace website terms conditions and any auction specific terms.
NUMBER ONE RULE IN BIDDING
Once a bid is placed, you are obligated to purchase if you are the winning bidder. Failure to purchase for any reason may result in your Club Barter Member Account being disabled and pending bids cancelled.
Ability to Bid
Bids can only be placed by the owner of the ClubBarter Account placing the bid. Owners of items being sold on ClubBarter Marketplace website are expressly forbidden from bidding on their own items.
ClubBarter reserves the right to delete any bid it believes have been placed by a suspect bidder. ClubBarter reserves the right to disallow or ban anybody from bidding on the ClubBarter Marketplace website.
ClubBarter Account Requirements to Bid
In order to place bids on the ClubBarter Marketplace website the ClubBarter Account placing the bid must have adequate available ClubBarter digital currency to cover the bid and sufficient cash funds available to cover the transaction fee. In addition, cash fees due on your ClubBarter Account must not be overdue.
Winning Bidder
The winning bidder is defined as the highest bidder that at the time the auction closes has available ClubBarter digital currency and adequate cash fees to cover the transaction fee.
Winning Bidder Notifications
ClubBarter Marketplace system automatically sends notifications to winning bidders. Once these are sent, we have NO CONTROL over whether or not they reach their final destination. Bidders can check the status of their bids by looking on their dashboard two hours after the sale closes.
Bid Retractions
If you do not want an item, DO NOT bid on it. Once placed, bids cannot be retracted or cancelled.
Auction Information
Bidders are responsible for every bid placed with their ClubBarter Account. Bidders are responsible for knowing and abiding by the terms of every auction for which they receive a winning bidder invoice. Prior to placing a bid on an auction, the bidder should review the auction information including the scheduled closing date and time of the auction, auction and removal instructions contained in the auction terms, availability of shipping.
Auction Item Descriptions and Pictures
Lot descriptions and pictures are intended to provide bidders with information for determining asset value. While the information on each asset is deemed to be accurate and include all relevant information affecting the value of the asset, bidders should not rely on the item descriptions and pictures as their sole means for determining an asset's value.
Assets are sold "AS IS WHERE IS"
Assets sold on ClubBarter Marketplace website do not have warranties, express or implied. Illustrations, pictures or videos posted on ClubBarter Marketplace website are for informational purposes only unless otherwise stated. Bidders have sole responsibility for determining an asset's value. Bidders must conduct whatever due diligence is necessary for them to assess value prior to placing a bid. Bidding strategies and amounts should be based on the asset research conducted by the bidder. Every bid is considered to be an offer to purchase the asset for the bid amount. By placing a bid, the bidder waives any and all claims against ClubBarter based on the condition or value of items.
The seller agrees that they own or have the legal right to sell the asset and not to sell any asset or service that is not legal or could cause offence, these may include but not exclusively; replica items, pornography, prohibited drugs, narcotics, ivory, endangered animals or plants.
Assets Published with Reserves
Assets requiring a minimum bid price to sell, ClubBarter Marketplace website with “Reserve Not Met” below the Next Required Bid information in the lot description. Once the high bid reaches the required minimum bid, the message changes to “Reserve Has Been Met” and the lot will be sold to the high bidder. Auctions selling upon seller approval will be disclosed in the auction specific terms. In these cases, the reserve wording will not appear on the item listing.
Auction Close and Extended Bidding
Each auction has a scheduled closing date and time.
Soft Close
ClubBarter Marketplace website extends the closing time of a lot if a bid is placed on the lot in the final 3 minutes prior to the indicated close time. Each time an additional bid is placed, the countdown clock resets to 3 minutes. A lot will not close until a full 3 minutes has expired since the last bid was placed. For example: If a lot is scheduled to close at 18:30 and a bid is received at 18:29, the countdown clock will reset to 3 minutes from 18:29. If no other bids are placed, the lot will close at 18:32. If an additional bid is placed at 18:31, the countdown clock will reset to 3 minutes and the lot will not close until 18:34.
Auction Settlement
Bidders are notified of their successful bids shortly after the auction closes, by email and via their ClubBarter Dashboard.
The ClubBarter Marketplace system will automatically debit the bid amount and cash fees due from the winning bidders ClubBarter Account and credit the bid amount to the sellers’ ClubBarter Account.
The bidder is required to purchase the asset and the seller is required to sell the asset for the high bid amount plus the cash fees and all required fees and taxes.
Sales Taxes
Where it is appropriate, sales taxes are calculated on the sale price (winning bid + cash fees) for each asset. Fees and taxes will be charged on all applicable assets; the only exception to this is if the winning bidder completes the exemption documentation required to waive the fees and/or taxes, before taking possession of the assets. Taxes are to be paid in cash and not barter.
Auction Removals and Shipping
Seller's must ship or the winning bidder collect from the seller within the time stated on the asset lot.
It is important for bidders to recognize ClubBarter are under no obligation to provide alternative removal times or shipping for assets sold on the ClubBarter Marketplace website. Buyers are given the Direct contact details for the seller and the Buyer should make immediate contact to confirm transfer of good.
Transfer of Ownership and Risk of Loss
At the time the ClubBarter Marketplace system processes the payments, full, ownership of the asset and risk of loss passes immediately to the bidder who has now purchased the goods.
Failure to Abide by Website and/or Auction Terms
Bidders are responsible for knowing and abiding by the ClubBarter Member Agreement and ClubBarter Marketplace Terms and Conditions. Failure to do so can result in the termination of bidding privileges and / or suspension of the CLUBBARTER Account, reinstatement is at the sole discretion of ClubBarter.
Seller's must ship or make available for the winning bidder to collect from the seller within the time stated on the asset lot. If it is the winning bidder's responsibility to remove the asset and haven’t made alternative arrangements with the seller prior to the agreed removal day, they lose claim to the assets they have paid for. The seller conducting the auction will decide how unclaimed assets will be handled.
Fraudulent Bidding
Every bid placed on ClubBarter Marketplace website is considered to be a commitment to purchase the asset for the bid amount. ClubBarter prohibits sellers from placing bids on their own auctions to purchase their own assets. Bids placed with any intent other than to purchase the asset for the bid amount, is fraud. ClubBarter will prosecute bidders who engage in fraudulent bidding. Bidders who lose their bidding privileges are prohibited from placing bids on ClubBarter Marketplace website. Placing bids using another bidder’s ClubBarter Account or opening a new ClubBarter Account to facilitate bidding is an act of fraud. ClubBarter will prosecute bidders who engage in fraudulent bidding.
Website Interruption
ClubBarter is committed to doing everything possible to ensure the reliability of our website. Unfortunately, there are factors outside our control that can impact access to ClubBarter Marketplace website. ClubBarter Marketplace website becomes inaccessible at any point during an auction closing, the following protocol will be followed:
Auctions that have closed prior to the website going down, will remain closed and the winning bidder notified and the ClubBarter system will process payments.
Auctions in the process of closing, will be reopened and the auction closing will be extended by 24 hours.
Auctions scheduled to begin closing during the time the website is inaccessible, and for the 15 minutes following the website coming back online, will have the auction closing time extended by 24 hours.
Auctions scheduled to close more than 15 minutes after the website becomes accessible again, will close at the scheduled time.
In the event of a website interruption not covered by one of the above scenarios, ClubBarter reserves the right to make the final determination of how the auction will be handled.
Indemnification
Bidder and Seller indemnifies holds ClubBarter, harmless against any damage, loss, injury arising from the transactions or auctions conducted on its website www.ClubBarter.com.
