We are excited to announce some recent changes and software improvements on K-BID.com. First and foremost, K-BID has introduced a new buyer’s premium (BP) structure that includes a 60% decrease in the maximum BP amount charged to buyers. BP is collected on every item sold on K-BID.com and is charged on the following schedule:
The per item BP cap has been reduced from $2,500 to $1,000 per item! This major price decrease allows sellers to utilize our affiliate network to efficiently sell higher value assets such as collector cars, farm equipment, construction equipment and more. Buyers can bid with confidence knowing that there will be a capped amount of BP added to their invoice. We are confident that this BP structure will allow K-BID.com to remain competitive and the premier online auction venue in the Upper Midwest!
Please review our site terms for more information.
Secondly, online payments are here! Bidders now have the option to pay online for most auction invoices. It’s quick and easy to do!