Flippa has had its share of completed auctions which ultimately didn’t close due to non-paying bidders, but they continue to make strides to ensure the security and integrity of its marketplace
The full announcement is below.
“Today we released an important update to bidding and making offers on Flippa.com. All new bids and offers over $5,000 will require buyers to complete an additional premium certification requirement, to help ensure auctions run smoothly.
What does this mean?
- Before placing a bid, offer or buy-now request over $5,000 you must complete a premium certification.
- Premium certification requires a $500 preauthorization to be held on your credit card – this is held for seven days.
- At this point in time it is a once-only requirement meaning future bids over $5,000 won’t require re-certification.
We’re making these changes to ensure Flippa continues to be the safest and most trusted marketplace for entrepreneurs.