RumTrades uses a system called Stripe, that is fully integrated with our platform and the new Security Pass System, takes your security at the highest level in the world.
Stripe is the globally trusted brand that handles payments for Amazon, Google, Facebook, Shopify, BMW, Unicef, Salesforce, Le Monde, IBM, Deliveroo and hundreds of thousands of more companies.
IMPORTANT: RumTrades does not see or store or have access to any of your credit card data. The entire process is completely managed by Stripe and your data are never sent to the RumTrades server.
Learn how Stripe handles security.
The Security Pass is required to bid or spend over 500€. The credit card is Mandatory and it is used as collateral on your bids, from which a bid reservation will be made.
It will allow you to bid on one or more lots till when the total amount of your current bids reaches the limit of the activated pass. If you reach your Security Pass limit, you will be asked to upgrade your pass.
In case of winning bid(s) at the end of the auction, 10% of the amount of your lot(s) will be automatically deducted from your pass. The remaining sum of your order can be paid by Paypal, credit card or bank wire.
IMPORTANT: The bid reservation is not a payment. The amount of your bid reservation is not withdrawn from your account, it is only a temporary hold on the funds. The unused funds of your bid reservation, will be released upon the auction ends.
EG: You have won 2 lots and the total hammer price amount is 750€.
Pass activated: Bronze Pass (Bid reservation 100€ | You are allowed to bid up to 1000€)
750€ (hammer price).
75€ (10% of your order) are automatically deducted from your pass at the end of the auction.
25€ (the remaining amount of your pass) are released upon the auction ends.
The payment term for the rest of your order is 3 days/72 hours after the auction closes. This amount can be paid by Paypal, credit card or bank wire.
Here's where you can learn more about buyer’s fees and payment terms.
WINNERS: 10% of the amount of your winning lot(s) will be automatically deducted from your pass via Stripe.
The payment term for the remaining amount is 3 days/72 hours after the auction closes.
The unused funds of your pass are released upon the auction ends yet may take 5-7 business days starting from the pass activation, to become available through their financial institution.
NOT WINNERS: The funds are released upon the auction ends.
The unused funds of your pass are released upon the auction ends yet may take 5-7 business days starting from the pass activation, to become available through their financial institution.
The payment term for buyers at RumTrades is 3 days/72 hours after the auction closes.
If payment for an order is not received within this 3-day timeframe, the order will be charged a late payment fee of 3% of the total sum due.
If payment for an order is not received within 14 days after the auction closes, the amount paid will be retained as a penalty.
Bronze Pass: You are allowed to bid up to 1.000,00€ | Bid reservation: 100,00€
Silver Pass: You are allowed to bid up to 2.500,00€ | Bid reservation: 250,00€
Gold Pass: You are allowed to bid up to 5.000,00€ | Bid reservation: 500,00€
Platinum Pass: You are allowed to bid up to 10.000,00€ | Bid reservation: 1.000,00€
Diamond Pass: You are allowed to bid limitless | Bid reservation: 2.000,00€
The bid limit is referred to the total amount in your live shopping cart and/or the total amount of your automatic bids. It is not referred to a single lot. If you reach your Security Pass limit, you will be asked to upgrade your pass.
The Security Pass is not a payment. The amount of your bid reservation is not withdrawn from your account, it is only a temporary hold on the funds.
The bid reservation is not a payment. The amount of your bid reservation is not withdrawn from your account, it is only a temporary hold on the funds.
In case of winning bid(s) at the end of the auction, 10% of the amount of your lot(s) will be automatically deducted from your bid reservation. The unused funds are released upon the auction ends. The remaining sum of your order can be paid by Paypal, credit card or bank wire.
If you are not the top bidder, the bid reservation will be released upon the auction ends.
The bid reservation will be automatically released upon the auction ends.
The bid reservation may take from less than 24 hours up to 5-7 business days to be made available again in your account. The amouny of time, depends on your bank.
Yes, you can. In the event your account/card does not have sufficient funds, you will be asked to change or add funds to your card.
Whisky auctions