The cleaning deposit is paid on arrival at the storage company when collecting a storage unit that has been won on auction. It is paid directly to the storage company and not taken by iBidOnStorage. Each storage auction will state whether it is to be collected as cash or as a temporary hold on your credit or debit card. The cleaning deposit is used to ensure that all goods are taken out of the storage unit and nothing is left behind for the storage company to dispose of. If all goods are taken from the storage unit the deposit will be repaid.
The cleaning deposit is a form of insurance for the Seller that covers extra cleaning costs incurred if the unit is not emptied completely or if goods are left behind for the storage company to dispose of.
There are 3 ways in which a Bidder can pay the cleaning deposit:
1. Cash: The cleaning deposit is paid in cash on arrival at the storage facility. It is paid directly to the storage company and not taken by iBidOnStorage. Once the unit is emptied, the deposit is paid back to the buyer. Some facilities ONLY accept this payment method.
2. Credit/Debit Card: Similar to the Cash option, the buyer will pay the cleaning deposit via their credit/debit card on arrival at the storage facility. Once the unit is emptied, the deposit is paid back to the buyer in cash/hold released on card. Some facilities ONLY accept this payment method.
3.Temporary Hold on Card: This method permits iBidOnStorage to process a HOLD on the winning buyer`s debit or credit card as the auction closes. Credit card cleaning deposits are a temporary hold against the funds of your credit or debit card and the funds will be available again within five days. For this option, buyers need to make sure that there is enough funds in their account to cover the Cleaning Deposit and the Final Bid Amount.
Each auction page will state which of the 3 methods it is using. Some facilities will receive ONLY Cash or Card Payments. Buyers should make sure they know which method is preferred before heading to the facility.