How much is the security deposit?

A security deposit is mandatory to activate a bid with RideSafely, which is either $600 or 10% of the bid amount, depending on which is greater. For your convenience, we accept deposits through various methods: Bank Wire Transfer (suitable for all amounts), Credit Card, and PayPal (up to $2,000.00 or two thousand dollars).

For our international customers residing in countries where PayPal is not accessible, it’s essential to transfer the necessary funds to a designated affiliated dealer’s account via Bank Wire Transfer before placing your offer.

Please be aware that if a deposit is not submitted on time, the customer’s account will be suspended due to non-payment. To reinstate a suspended account, customers must send a deposit via wire transfer, which will then be credited to their next purchase. It is advisable to plan and ensure timely deposit submissions if you reside outside the US.

In cases where a customer with available credit on their account submits an offer, this credit will automatically be applied toward the bid deposit.

Please note that credit card payments are temporarily held and automatically released after 7 days if the offer is not approved and there are no active bids on your account. Consequently, any credit charged to a credit card will remain on your account for only 7 days. Learn more about credit card holds in our FAQ.

For any further questions or assistance, please don’t hesitate to contact us at (215) 289-0300. We’re here to ensure a smooth and secure bidding experience at RideSafely.

Thank you,
Team RideSafely.com
feedback[at]ridesafely.com