ReliaBid’s Bid Assure Solution Provides Comprehensive Protection of the OLA Platform Against Non-Paying Bidders
Bid Assure is ReliaBid’s unique and low-cost service targeted at helping online auction sellers eliminate the problems non-paying bidders create for their online auction businesses. The service offering includes our state-of-the-art seal program that alerts buyers to our members’ commitment to completing the transaction, as well as the consequences of being a non-paying bidder.
The Bid Assure Program
The Bid Assure program is designed for one purpose: To ensure that online auction sellers avoid non-paying bidders and unpaid items. ReliaBid subscribers' auctions will automatically display a unique seal, which is proven to reduce the incidence of non-paying bidders by over 90 percent!
The key factor behind our program’s success is that it promotes elevated levels of transaction trust: the seller assures the buyers that he/she will fulfill their obligations and in exchange the seller requests timely and consistent payment for his/her items. Because Bid Assure provides sellers with the option of pursuing debt collection services in the event of an unpaid transaction, non-paying bidders simply stay away from their transactions. Best of all, in the rare instances where these collections services are required, they are performed by one of the US’s leading nationally-licensed debt collection firms.
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