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This article describes how taxes, Buyer's Premiums, and other fees are handled when cross-listing an auction from Proxibid to LiveAuctioneers using atgXL.
This article contains the following sections:
Sales Tax
The auction-level and lot-level tax rates selected in AuctionBuilder will not sync to LiveAuctioneers.
Instead, sales tax will be set/collected in LiveAuctioneers via LivePayments.
Buyer's Premiums
Buyer’s premium for cross-listed auctions will be taken from the auction-level on AuctionBuilder and will sync to LiveAuctioneers.
- Ensure you have the required account-level Buyer’s Premium set in AuctionBuilder when creating a cross-listed event. If you do not, are not sure what it is, or want to adjust the value, please contact Seller Support.
- If a Buyer's Premium is not Active on an event, downstream marketplaces will display a Buyer's Premium of 0%.
If you require a different Buyer's Premium on your auction on LiveAuctioneers to your auction on Proxibid, please contact Seller Support who can assist you with adjustments.
- Tiered buyer’s premiums are not supported on auctions cross-listed from Proxibid to LiveAuctioneers.
- LiveAuctioneers does not support Buyer’s Premium caps.
- LiveAuctioneers does not support lot-level Buyer’s Premiums.
- Buyer's Premiums cannot be changed in LiveAuctioneers after the auction has been published.
Taxing Buyer's Premiums
If the sales tax for an auction is set up to calculate based on the 'running total', then that tax rate will be applied to both sales tax and Buyer's Premium in LiveAuctioneers.
If the sales tax for an auction is set up to calculate based on the 'buyer's premium amount' and has a code of 'IBPT' then that tax rate will be applied to just the Buyer's Premium (not sales tax) in LiveAuctioneers. If this fee type is not an option on your account, please contact Seller Support to have it added.
If there is not a specific Buyer's Premium tax set for the auction, and sales tax is set up to calculate based on the 'Hammer Price', then a Buyer's Premium of 0% will be sent to LiveAuctioneers.
Other Fees
Buyer's Premiums are the only fees that will sync to LiveAuctioneers for atgXL events.
If invoice fees need to be added to Proxibid invoices, they must be added at the account-level before the auction is created. If fees are added after an auction has been created, it will need to be re-created in order for those fees to applied. Contact Seller Support to have fees added to your account.
For more information about fees in AuctionBuilder, see Taxes, Fees & Premiums.
LivePayments Settings
LivePayments must be updated directly in LiveAuctioneers. There, you can choose your preferred Autopay setting as well as whether your Auction House will absorb the LivePayments Online Payments fee, or if you would prefer to pass the fee on to your winning bidders. More information about LivePayments can be found here.
These payment settings cannot be changed once the auction has been published. It’s important to address all of these steps as part of proofing the catalog and before publishing.
If edits/adjustments must be made after the auction start time, please contact Seller Support.
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