Deposits

Security deposit is required to participate in an auction. The service fee is collected from the winners deposit.

For Shelf auctions, the deposit amount is fixed and specified by a respective lot owner.

For external auctions, the deposit is calculated as a percentage of max bid or of the "Buy Now" price.

If a participant is rejected or has lost an auction, the deposit will be returned.

If a participant has won an auction, a fee will be charged from the deposit amount.

Properties

Property Description
currency Type of a lot. See Types.
amount Participant state. See States and Life Cycle.
state If true, a participant has placed the "Buy Now" request.

States

Type Description Integer Value String Value
Pending The deposit has not yet been paid. 1 pending
Paid The deposit has been paid. 2 paid
Returned The deposit has been returned. 3 returned

Lifecycle

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