Offering bidder vetting for high value auctions
At Vetted Bidder, we specialize in ensuring a secure and trustworthy bidding environment for all participants. Our comprehensive bidder verification process is designed to verify identities, allowing you to partake in projects with confidence. With our robust bidder rating system, you can easily assess the reliability of other bidders. Additionally, we implement bid limits to maintain a fair and balanced playing field. Join Vetted Bidder today and experience a safer, more efficient way to engage in your projects.
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About Us
At Vetted Bidder, we specialize in ensuring a secure and trustworthy bidding environment for all participants. Our comprehensive bidder verification process is designed to verify identities, allowing you to place and accept bids with confidence. With our robust bidder rating system, you can easily assess the reliability of bidders. Additionally, we implement bid limits to maintain a fair and balanced playing field. Join Vetted Bidder today and experience a safer, more efficient way to conduct bidder verification for your auction.
The auction industry experiences between 5 and 15% default on winning bids with an average hovering around 12%. As a bidder you may lose that item to one of these defaulted bids. By being a vetted bidder the auction can proceed with confidence and you can be sure your bids are acceptable to the auction house.
Stats
Verified Bidder helps you reduce lost revenue, repeat auctions, and opportunity costs eroding your margins.
Default rate as high as 20%
Online auctions experience an average of 12% default rate on winning bids
Over $25b/yr
Global auction volume exceeds $25 billion a year
$5b/yr lost
Defaults amount to $5 billion in lost revenue globally
10% repeat
10% of defaulting bidders default multiple times
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