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how to submit a bid deposit
FRE.com is designed to deliver unprecedented convenience to buyers; therefore all bidding is submitted online.
For auctions in "Sealed Bid" format, you may place your bid before submitting a bid deposit; however, your bid will not be considered valid until your bid deposit is received and confirmed.
For auctions in "Open Bidding" format, your bid deposit must be received and confirmed prior to placing your bid.
Bid deposit amounts are specific to each auction and are indicated on each auction profile page. To submit a bid deposit, you must first complete a bid deposit form indicating your deposit amount and payment method. Bid deposit forms are available directly on auction profile pages, or can be accessed in the My Account section of the website when logged in, or by clicking here.
Bid deposit payments may be made using one of the following methods:
1. Escrow Deposit Account
- USA Wire, International Wire or Check are accepted.
- Users are given bidding access once funds are received and confirmed by Republic Escrow.
- If you remit your bid deposit by wire transfer or check, monies shall be placed in Republic Escrow Corporation's non-interest bearing trust account at Wells Fargo Bank. Monies submitted to escrow may be used for any auction bid deposit, as long as there are sufficient funds to cover the minimum deposit amount.
- Escrow Agent is licensed by the California Department of Corporations and bonded by the Escrow Agent Fidelity Corporation and the Hartford Insurance Company.
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2. Credit Card Authorization
- Visa, MasterCard, American Express or Discover are accepted.
- Approved authorizations provide instant bidding access for users.
- If you select to place a bid deposit by credit card, your credit card account will be authorized for the amount specified from the date of authorization through the duration of the auction. This authorization is specific to this auction and cannot be applied to other auctions.
Specific instructions for payment submission are provided on all bid deposit forms. For additional questions regarding bidding and bid deposits, use the form to the right or click here to contact an Auction Specialist.
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