Upcoming changes to the M@C Discount Fee Structure - M@C Discount (2024)

M@C Discount

M@C Discount sent this email to their subscribers on August 16, 2023.

Upcoming changes to the M@C Discount Fee Structure - M@C Discount (1)

Thank you for being a M@C Discount bidder. When we began running auctions in back in 2018 we elected to start all auctions at $1.00 and sell all items without a reserve price. In order to cover the operational costs of running the business we add a $2.00 lot fee to each item sold. Since that time, we have seen our labor cost grow by more than 70% and supply chain cost increases of even larger percentages. In order to keep opening bid prices at $1.00, we are increasing the lot fee to $3.00. The new fee structure will begin with auctions closing on September 1, 2023.

We would also like to take this opportunity to share some of the contributions to our community we have made with your help.

  • We now employ over 1,200 great teammates and are creating new jobs in more than 20 communities.
  • M@C Discount has given more than $1.5 million in Mac Bucks to our employees, in addition to competitive wages.
  • Through our weekly Charity Auctions, we have donated more than $200,000 to local charities, and this number is growing every week!

We are thankful for our success, and look to give back to our communities wherever possible. Thank you for supporting these endeavors.

In the coming months we will be introducing new ways to save and get great deals on customer returns and overstock products. In addition to the new Yinz Binz stores opening in Pennsylvania (Uniontown & Butler) and Ohio (Canton), we have more concepts in development. Stay tuned for more details.

Thank you,

M@C Discount Team

Upcoming changes to the M@C Discount Fee Structure - M@C Discount (2)

Upcoming changes to the M@C Discount Fee Structure - M@C Discount (3)

MacDiscount

109 Hindman Lane, Butler, PA 16001

Text-only version of this email

The lot fee will be increasing to $3.00 on all auctions closing on September 1, 2023.Visit Mac.BidThank you for being a M@C Discount bidder. When we began running auctions in back in 2018 we elected to start all auctions at$1.00 and sell all items without a reserve price. In order to cover the operational costs of running the business we add a $2.00lot fee to each item sold. Since that time, we have seen our labor cost grow by more than 70% and supply chain cost increases ofeven larger percentages. In order to keep opening bid prices at $1.00, we are increasing the lot fee to $3.00. The new feestructure will begin with auctions closing on September 1, 2023.We would also like to take this opportunity to share some of the contributions to our community we have made with your help. * We now employ over 1,200 great teammates and are creating new jobs in more than 20 communities. * M@C Discount has given more than $1.5 million in Mac Bucks to our employees, in addition to competitive wages. * Through our weekly Charity Auctions, we have donated more than $200,000 to local charities, and this number is growing every week! We are thankful for our success, and look to give back to our communities wherever possible. Thank you for supporting theseendeavors.In the coming months we will be introducing new ways to save and get great deals on customer returns and overstock products. Inaddition to the new Yinz Binz stores opening in Pennsylvania (Uniontown & Butler) and Ohio (Canton), we have more concepts indevelopment. Stay tuned for more details.Thank you,M@C Discount TeamVisit Yinz BinzMacDiscount109 Hindman Lane, Butler, PA 16001

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Upcoming changes to the M@C Discount Fee Structure - M@C Discount (2024)

FAQs

How does m/c bid work? ›

At MAC. BID we buy truckloads of closeouts merchandise and customer returns from major retailers. We receive "New" and "Used" items that are sold individually at aggressive discounts, in-store and online. In-store, prices begin at 50% of retail and are discounted each week.

What is a lot fee on a Mac bid? ›

Are there any fees? Yes, our normal 15% Buyer Premium and $3 per lot fees will be applied to your invoice. Bid accordingly!

What happens when you win a Mac bid online? ›

Did you win? Pick up items at one of our 20+ locations. Learn how to Bid, Win & Save up to 80% off retail prices in the videos below!

Can you unbid on Mac bid? ›

Bidding - By placing a bid in an auction, you are extending an irrevocable offer to purchase the items at the price set forth in the bid. Once entered, a bid may not be retracted.

How long do you have to pay for a winning bid? ›

As of 2022, eBay has rolled out a new rule that states all unpaid items must be settled within four days from the time that the buyer has finalized the order or has won the auction. Therefore, a buyer must pay for the sold items within that period.

What happens if you don't pick up a Mac bid order? ›

If the Buyer does not pick-up an item within the removal period for the specific Selling Event, MAC. BID may, at their sole discretion, deem the item to have been abandoned by the Buyer and the Buyer will have no further rights with respect to the item.

Will I have to pay my max bid? ›

You pay whatever your high bid is at the end of the auction. If your high bid is currently $152.50, and the auction ends, then that is what is what you pay. The $200 is your proxy bid and ebay will auto bid for you until your proxy bid has been hit, if others continue to bid against you.

How long has the m/c discount been in business? ›

M@C Discount began in western Pennsylvania a little over five years ago. Campbell and other co-founder Shawn Allen had been working together in reverse logistics for a company called Genco.

What is the difference between price and bid amount? ›

The term "bid" refers to the highest price a buyer will pay to buy a specified number of shares of a stock at any given time. The term "ask" refers to the lowest price at which a seller will sell the stock. The bid price will almost always be lower than the ask or “offer,” price.

Do I have to buy the item if I win the bid? ›

Consequences for Failing to Pay a Winning Bid

If you win something at an auction, you are legally bound to pay the agreed price once the hammer falls.

Is it safe to sell your Mac? ›

If you find that you are no longer using your Mac then the answer is YES. You should sell your Mac when you find that you are no longer using it. Macs are popular computers that hold their value pretty well, but it's a good idea to sell your Mac as soon as you realize that you no longer need it.

Can I cancel bid after winning? ›

Bidding Equals Commitment

By bidding on an item, you obligate yourself to pay for the item if you win it, even if you decide you no longer want it.

Can you retract a max bid? ›

Please note that if you have accidentally placed a MaxBid, you can lower it to the current bid level by simply entering the new number in the bid box.

Can you pull out of a bid? ›

If the listing ends in under 12 hours, you can retract your most recent bid, but only if it's been less than an hour since you placed it. If you are outside that time frame, your best bet is to communicate directly with the seller and persuade them to cancel your bid at their end.

Why can't i cancel my bid? ›

A seller can cancel any bid at any time before the auction ends. A bidder can retract their bid if the auction has more than 12 hour left. During the final 2 hour, a bid can be retracted only within an hour after being placed.

How does CPM bidding work? ›

Cost-per-thousand impressions (CPM): Definition

A way to bid where you pay per one thousand views (impressions) on the Google Display Network. Viewable CPM (vCPM) bidding ensures that you only pay when your ads can be seen.

What is the CMS bid process? ›

What is the Bid Submission Process? Plans are required to submit an individual bid for each contract within a plan to CMS every June. This standardized process allows CMS to review a health plan's estimated revenue requirements and costs of providing value-based care for each upcoming calendar year.

How does CPC bidding work? ›

Cost-per-click (CPC) bidding means that you pay for each click on your ads. For CPC bidding campaigns, you set a maximum cost-per-click bid - or simply "max. CPC" - that's the highest amount that you're willing to pay for a click on your ad (unless you're setting bid adjustments, or using Enhanced CPC). Your max.

How does the mandatory bid rule work? ›

The mandatory bid provided for under the Takeover Code is a partial bid: it requires acquiring companies exceeding the shareholding threshold to offer to purchase some portion of the outstanding shares rather than all of them.

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