Large bid qualification

When you place a bid or series of bids that are greater than $10,000, Purple Wave may ask for additional information about you and may seek confirmation of your ability to pay, particularly if you do not have a significant past purchase history with Purple Wave. We most routinely ask for either a deposit or a bank letter of guaranty.

Deposits

• Deposit amount is $1000.00, chargeable to your credit card.
• If you do not win any items, 100% of the deposit will be refunded back to your credit card within 72 hours from the close of the auction.
• Refund of the deposit will occur automatically.
• If you win items, the deposit will be applied to your balance due.
• If you would like to submit a deposit proactively, email Shawna Cieslak at shawna.cieslak@purplewave.com or call her at 866.608.9283.

Bank letter of guaranty

• You can fax, email or mail the letter to Attn: Shawna Cieslak 866.604.2264, or shawna.cieslak@purplewave.com or Purple Wave, 825 Levee Dr., Manhattan, KS 66502.
• The letter must be on bank letterhead and signed by a bank officer.
• The details and form of the letter must meet the requirements set out in our bank letter requirements.

Questions

Do not hesitate to contact us with questions about how we qualify high volume bidders. Our credit department can be reached at 866.608.9283.