Who is responsible for collecting the buyer's fee?
The responsibility for collecting the buyer's fee in storage unit auctions on StorageHunt is managed by the StorageHunt platform itself. We handle the entire process of collecting all auction fees, including the buyer's fee, to ensure a seamless and efficient experience for both facility owners and winning bidders.
Here's how it works:
Automatic Fee Collection: StorageHunt's platform automatically collects the buyer's fee from the winning bidder upon the successful completion of an auction. This fee is included in the total amount charged to the winning bidder.
Electronic Funds Transfer: Once the fees have been collected from the winning bidder, StorageHunt processes the payments and handles the electronic funds transfer (EFT) to your facility. This ensures that you receive the auction amount securely and promptly.
By managing the entire fee collection and payment process, StorageHunt simplifies the financial aspects of storage unit auctions, allowing you to focus on managing your facility and providing a seamless experience for both facility owners and winning bidders.
If you have any additional questions or require further information about the fee collection and payment process, please feel free to reach out to our support team. We're here to assist you and ensure that your storage unit auctions run smoothly and efficiently.