How much is the security deposit?

To activate a bid with RideSafely, a security deposit is mandatory, which is either $600.00 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, it will result in the suspension of the customer’s account 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.

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

Regarding credit card payments, it’s important to note that these payments are temporarily held and automatically released after a 21-day period. As a result, any credit on your account that has been charged to a credit card will remain for a 21-day period only.

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.

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

Updated: November 1, 2023, 7:40 PM  

February 24, 2016   13972   RideSafely.com    Payment  
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