Payment Terms

The payment terms are different for regular and auction transactions (collectively "item"). However, regardless of the transaction type, all buyer payments are held on deposit for buyer's protection and are released to Meet Market Makers ("Meet Market Makers," "us," or "we") for buyer's purchase settlement on the date we receive buyer's email confirmation that the purchase transaction is accepted and final. THE DEPOSIT HOLDING SERVICE IS AN INTEGRAL PART OF THE PAYMENT SERVICE AND IS AVAILABLE FOR FREE.

Another advantage of our payment services is, NO PAYMENT PROCESSING CHARGES. This means no unpredictable or unanticipated transaction withholding will ever apply to credit card, debit card, or bank payments.

Regular Transaction
Upon arrival of the acquired item at the buyer's ship to address, confirmed by courier service delivery tracking, the buyer has two (2) business days, see Exception Section below, to inspect the item quantity, quality, or authenticity and/or perform a due diligence check to validate the listing's online representation(s) and disclosure(s) are true. After the inspection process is completed and buyer is fully satisfied, buyer shall confirm the item's purchase acceptance via electronic mail immediately and authorize Meet Market Makers to release buyer's deposited funds for purchase settlement with us as indicated in the first paragraph above and in accordance with the Pricing Terms and Conditions. When the inspection shows that the online listing representation(s) and disclosure(s) are untrue or inconsistent, buyer may use any of the resolution remedies defined in section Conflict Resolution below.

Auction Transaction
At auction closure, the buyer with the highest recorded bid shall pay the final bid amount plus a two percent (2%) transaction fee, which payment Meet Market Makers shall hold on deposit for buyer's protection. Auction items are subject to a full quantity, quality, or authenticity inspection and due diligence check by buyer or appointed expert to validate the listing's online representation(s) and disclosure(s) are true. This process shall be completed within two (2) business days, see Exception Section, from the item's physical arrival at the buyer's ship to address, confirmed by courier service delivery tracking. After the inspection process is completed and buyer is fully satisfied, buyer shall confirm the item's purchase acceptance via electronic mail immediately and authorize Meet Market Makers to release buyer's deposited funds for purchase settlement with us as indicated in the first paragraph above and in accordance with the Pricing Terms and Conditions. When the inspection shows that the online listing representation(s) and disclosure(s) are untrue or inconsistent, buyer may use any of the resolution remedies defined in section Conflict Resolution below.

Exception
Exception to the two (2) day review period applies when the acquired item is a fixed or semi-fixed asset with no or very limited mobility. In this case, inspections shall be completed onsite within five (5) business days. After the inspection process is completed and buyer is fully satisfied, buyer shall confirm the item's purchase acceptance via electronic mail immediately and authorize Meet Market Makers to release buyer's deposited funds for purchase settlement with us as indicated in the first paragraph above and in accordance with the Pricing Terms and Conditions. When the inspection shows that the online listing representation(s) and disclosure(s) are untrue or inconsistent, buyer may use any of the resolution remedies defined in section Conflict Resolution below.

Conflict Resolution
In the event a buyer, after personal review or expert inspection, is dissatisfied with the actual condition, quantity, quality or authenticity of the acquired item, or discovers that the online listing representation(s), disclosure(s) and/or statement(s) were false or misleading, buyer has the right to:

  1. cancel the transaction and return the item,
  2. ask for additional supporting documents to validate the listing's claim(s), if doubtful,
  3. request Meet Market Makers to issue an irrevocable guarantee (bank L/C) for the original bid payment amount when it is discovered within twelve (12) month from ownership transfer that the item is fake or not original, or the supporting documents provided are false,
  4. renegotiate the sale/purchase price, or
  5. find another solution mutually acceptable to the buyer and Meet Market Makers.

In the event buyer chooses to cancel the transaction or is dissatisfied with the resolution choices defined under point b, d, or e above, Meet Market Makers shall refund the buyer's deposited funds in full within two (2) business days from the item's physical return arrival, confirmed by courier service delivery tracking. In all other cases Meet Market Makers shall suspend any refund to buyer until a mutually acceptable resolution is reached and confirmed by email.

Payment Settlement with Seller
The payment settlement with Seller for item sale and delivery takes place on the following terms and conditions.

  1. Seller agrees to sell an offered item for $1.00 (one US dollar and no cents) of the set or negotiated price to Meet Market Makers and accepts payment of the remaining balance less (1) prepaid purchase amount and (2) applicable transaction fee amount on deferred payment terms not to exceed the combined time of the shipping, inspection and the two (2) settlement days effective the transaction acceptance confirmation email date.
  2. Seller agrees and accepts to pay Meet Market Makers a transaction fee as defined in the Pricing Program under section "Product Rent or Sale Transaction Fees".
  3. Seller agrees and accepts to have the applicable transaction fee amount withheld from the transaction's gross sales amount due to Seller.
  4. Seller agrees and accepts that inaccurate or inconsistent statements detection at time of inspection shall lead to (1) the item's immediate return by the same shipping method as dispatched, and (2) irrevocable forfeiture of Meet Market Makers' contractual obligation to pay Seller the outstanding purchase balance.
  5. Seller agrees and accepts that Meet Market Makers is not liable or obligated to pay or compensate Seller for anything if the Seller's online listing content proves to be inaccurate, inconsistent, or untrue.
  6. Seller shall receive prompt payment for an accepted transaction within two (2) business days, holidays excluded, effective the transaction acceptance confirmation email date.