Stay informed about billing procedures, required fees, and key policies to manage your financial responsibilities effectively.
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.
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
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.
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.
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
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 support@k-bid.com
AutoPay Requirement
All affiliates must enable AutoPay.
✅ How to Enroll:
Log in to BillandPay.com
Click Auto Pay
Choose "on invoice due date"
Add bank account details and authorize
💡 Paying early will prevent AutoPay from charging twice.
🔔 Late Payment Policy
If you can’t make a BP payment by the due date:
You must email support@k-bid.com 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
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