K-BID Affiliate Billing & Fee Overview

Stay informed about billing procedures, required fees, and key policies to manage your financial responsibilities effectively.

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One-Time Activation Fee ($300) and Onboarding Marketing Boosts ($700 - valued at $1000+) 

Total Amount: $1000

Due: Before account activation

This one-time fee covers:

• Onboarding & training

• System setup

• Launch support

• Initial auction marketing campaigns

 ➡️ K-BID invests in your early success with resources, signage, marketing, and coaching. The Onboarding Marketing Boost is essential in teaching new affiliates the power of the K-BID platform and setting them up for success.  This includes new affiliate promotion, email blasts, front page banners, social posts, and paid social ads to promote your first 3-5 auctions.  

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Monthly Server Fee

Amount: $50/month
Billing: 1st of each month
Due: 30 days from invoice date
Note: Begins after your 7th month of activation

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Buyer’s Premium (BP) Billing

• BP Charged to Bidders: 15% (capped at $1,500 per item, excludes real estate)

• Affiliate Keeps: 5%

• K-BID Bills Affiliate: 10% of BP collected

• Minimum BP Requirement: $100 per auction

  • If less than $100 is collected, the affiliate is billed the difference.

⏱ BP Billing Timeline

Invoice Processing Date Range	K-BID Sends Invoice By
1st – 15th	25th of same month
16th – end of month	10th of next month

Terms: Net 25 (due 25 days after invoice date)
View Reports: Affiliate Dashboard → Reports/Tools → BP Billing Report

💡 Low-grossing auctions (under $1,000) often underperform and may not be worth your time.

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Reserve Not Met Fee

Amount: $25 per item
Applies When:

• Item has a reserve (starting bid > $5)

• Final bid does not meet the reserve

⚠️ Reserves reduce participation and can hurt overall auction results.

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Marketing Fees

À la carte marketing options are available to boost auction visibility.

• View Options: K-BID Auction Marketing Options

• Invoice Timing: Within 2 business days of request

• Due Date: Within 7 days of invoice

• Rebates: Applied within 1–2 billing cycles, noted by Auction ID

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Affiliate Payment Portal: BillandPay.com

All billing is managed through BillandPay. This platform allows you to:

• View past/current invoices

• Make secure payments

• Enroll in AutoPay (ACH)

✉️ BillandPay Enrollment

After completing your affiliate paperwork:

• You’ll receive an invite to join BillandPay (check junk/spam folders)

• Didn’t receive it? Contact [e-mail]

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AutoPay Requirement

All affiliates must enable AutoPay.

✅ How to Enroll:

1. Log in to BillandPay.com

2. Click Auto Pay

3. Choose "on invoice due date"

4. Add bank account details and authorize

💡 Paying early will prevent AutoPay from charging twice.

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🔔 Late Payment Policy

If you can’t make a BP payment by the due date:

You must email [e-mail] before the due date, including:

• Your invoice number

• Reason for delay

• Proposed payment timeline

🚫 Failure to communicate may result in:

• Suspension of auction publishing

• Mandatory AutoPay enrollment

• Termination from the K-BID network for non-responsiveness