1, deposit payment:
Before bidding on Taobao, you must pay a deposit. If there is enough balance in Alipay account to pay the auction deposit, the system will automatically lock the money, and then the money will be displayed as unavailable balance in Alipay account balance.
Special note: when paying the deposit, you need to confirm that the Taobao account has been bound to the Alipay account with real-name authentication, otherwise it may not be successful when releasing the deposit;
2. Issuance of security deposit:
(1) Baby fails to bid successfully (out), and the system will release the deposit within 1 hour after the auction. (2) After the auction is successful, the system will release the deposit immediately after the buyer completes Alipay payment within the 72-hour transaction payment period.
(3) After the auction is successful, the seller takes the initiative to close the transaction, and the system immediately releases the deposit;
3. Margin deduction:
(1) If the winning bidder fails to pay within 72 hours after the auction, the system will automatically close the transaction and deduct the deposit to pay the seller;
(2) If the buyer does not purchase through bidding, it will pay the seller the same amount of the corresponding baby deposit locked at the time of participating in the auction and not exceeding the transaction price as liquidated damages;
4. Deposit to payment:
After the auction is successful, the buyer's bid bond will be automatically converted into a part of the payment for the lot, and the buyer only needs to pay the final payment within 72 hours after the auction.