Accepted forms of payment include cash, check, money order, Visa, Mastercard, Discover or wire transfer. Michaan's Auctions reserves the right to hold merchandise purchased by personal check until the check has cleared. International credit cards will not be accepted.
Please note: buyers have seven business days to pay for and pick up purchased property. If the property is to be shipped, arrangements need to be confirmed within seven business days.
An invoice includes the successful hammer price of an item and the buyer's premium. The buyer pays a buyer's premium on each lot of eighteen percent (18%) per lot up to and including $250,000, twelve percent (12%) per lot of any amount in excess of $250,001 up to and including $1,000,000 and ten percent (10%) per lot in excess of $1,000,001. If one chooses to pay by credit card (Visa, Mastercard or Discover only) or any other form of payment, the buyer's premium is twenty-one percent (21%) per lot up to and including $250,000, fifteen percent (15%) per lot of any amount in excess of $250,001 up to and including $1,000,000 and twelve percent (12%) in excess of $1,000,001. An Internet buyer's premium is twenty-five percent (25%) per lot up to and including $250,000 plus twenty percent (20%) per lot of any amount in excess of $250,001.