A hold is placed on your card during auctions to verify that your payment method is valid and capable of completing the transaction if you win. This pre-authorization ensures that the auction process runs smoothly for all participants, minimizing disruptions caused by failed payments.
The hold acts as a safeguard for both buyers and sellers. By temporarily reserving a small amount—typically $10—it helps:
Validate your payment method: Ensuring your card is active and has sufficient funds.
Prevent payment issues: Reducing the risk of failed payments that could affect the auction’s outcome.
Streamline the checkout process: If you win the auction, the held amount is released and applied to your final payment, making the process more efficient.
If you do not win the auction, the hold is automatically lifted, and no funds are deducted from your account. This system ensures a fair and seamless experience for everyone involved in the auction.