We’re continuing to roll out improvements to the BidRush platform. Below are updates you can start using right away!
Updates for Buyers
- On the Watchlist and Bids page lots will grouped by Auction Name
- During bid extensions, when the timer counts down you will be asked to hit refresh for the specific lot(s) you are watching or bidding on - this ensures your device doesn't lose connection (and if it does, it allows you to refresh to get the latest status)
Updates for Sellers - Settlement Reports
- You can download an Excel file of items sold (and tag if you included tags) - go to "Settlement and Reports", and get report "Tags Report - Item Level by Tags"
- If clients want a report with pictures, go to "Settlement and Reports" and get "Pickup Report by Invoice with Images", uncheck Winner name and check Image, Status and Sold Value
The output is a PDF that you can email your clients!
- Continuing the pickup reports, Settlement report ("Income, Fees and Payout Summary") has more detail to assist you with paying clients.
Figure marked 1 is what lands in your bank account*. This amount is the hammer price PLUS taxes and buyers premiums collected, less Fees (BidRush and Stripe fees).
NOTE: Seller set Buyers Premium, and keep the entirety of the proceeds!
Figure marked 2 is what you would send to your client if you pass on the fees to them*. (keeping the buyers premium for yourself, and keeping the taxes for remittance)
* double check your Stripe account to be 100% sure
Where it's Marked 3, enter an optional percentage markup (for example, 30%) if you’d like to increase the total charged to the client.
This calculation is especially useful for comparing total savings when switching from other providers that typically charge 20–30% seller fees and also retain an 18% buyer’s premium.
In this example: At a 30% fee, the seller saved $4,475 At a 20% fee, the seller saved $2,416 These savings include the 7% buyer’s premium, which the seller set and retained — rather than paying it to the platform. In addition, this partner passed $2,262 in savings to buyers by charging a 7% buyer’s premium instead of the typical 18%!
Updates to Lot Gallery for Sellers
You can see items in Compact View!
You can also turn on Bulk Mode to Copy lots from one auction to another (useful to combine auctions or split large auctions). 