Registered participants only
Only logged-in and approved buyers can join an auction.
Secure Deposit is mandatory
Buyer must submit a Secure Deposit equal to the configured percentage of the reserve price before bidding.
Admin verification before access
Bidding access opens only after IETA admin verifies the Secure Deposit.
Refund and adjustment control
Non-winning deposits are handled for refund processing. Winner deposit may be adjusted against the final transaction.
Anti-sniping protection
If a bid is placed near closing time, the auction may auto-extend to prevent unfair last-second wins.
IETA mediation
IETA can mediate the transaction before releasing buyer and seller contact details.
Fake bidding control
Fake bids, non-payment, or suspicious activity can lead to bidder suspension.