Method of Payment

Payment for the sale of personal property is restricted to the following instruments: U.S. currency (no greater than $10,000); bank cashier’s check; credit union cashier’s check issued by a Federal or State chartered Credit Union; U.S. Postal Service or commercial money order; travelers' checks; properly endorsed United States Federal, State, or local government checks; MasterCard, VISA, Discover (Novus), and American Express. If paying by Credit Card (except for live auctions and fixed price sales, where a credit card must be presented at time of purchase) please fill in Credit Card Form and mail to the appropriate Sales Office. Certified checks, bank drafts, and debit cards are NOT acceptable. All checks and money orders must be made payable to the General Services Administration.

A personal or company check will be accepted only when accompanied by a bank letter guaranteeing payment. This letter must be on bank letterhead and must state (1) that payment is guaranteed, (2) that the guarantee is valid for 30 days after the bid opening date, and (3) that the guarantee covers the purchase of U.S. government personal property only. The letter must be dated, include the bidder’s name, the amount the guarantee is for, date of sale, and signed by a bank official authorized to guarantee payment. The government does not provide any form of financing.

Purchasers are required to remove their purchases within the time prescribed for each sale, but merchandise cannot be removed before payment is made. Removal is the purchaser’s responsibility. If a purchaser fails to pay and remove the merchandise by the prescribed deadline, the Government will take action to collect damages ($200 or 20 percent of the purchase price, whichever is greater).