Why do I need a credit card to raise my bid on a car I already bid on?

A credit card is required to secure your bid and confirm your intent to purchase.

At RideSafely, every bid is backed by a refundable security deposit to ensure serious participation in our online car auctions.

How the Deposit Works

• The required deposit is $600 or 10% of your bid amount, whichever is greater.
• This deposit is tied to your highest active bid, not each individual bid.

Example

• Initial bid: $6,000 → Required deposit: $600
• Increased bid: $7,000 → Required deposit: $700
• Additional deposit needed: $100

Why This Is Required

This policy helps:

• Prevent non-serious or duplicate bidding
• Maintain a fair and competitive auction environment
• Ensure all participants are committed buyers

Important: Your deposit is fully refundable if you do not win the vehicle or choose not to proceed within the platform’s terms.

For further assistance, feel free to contact RideSafely support or call us at (215) 289-0300 for immediate assistance.

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