Buyer's premium (BP) is a percentage that is added on top of the final bid price. BP will be collected on every item sold on EQUIP-BID. The terms of each auction will notify you what BP percentage will be charged; all auctions on EQUIP-BID will charge a 15% BP. Sales tax will be calculated based on the entire price of the item (bid price + BP).
|Final Bid Price||$10.00|
|Buyers Premium||$ 1.50||
|Total before Sales Tax||$11.50|