Spendwise Liquidations – Terms & Conditions
Welcome to Spendwise Liquidations. By registering for and bidding in our auctions, you agree to the following Terms & Conditions. Please read them carefully before bidding.
Questions: SpendwiseAuctions@gmail.com
Payment
Payment is due immediately upon auction close.
Your invoice will include:
Winning bid amount
15% buyer’s premium
North Carolina sales tax, unless exempt
Sales tax exemption requires a valid North Carolina resale certificate submitted before bidding. Certificates must be emailed to SpendwiseAuctions@gmail.com
. Late submissions will not be accepted.
Accepted payment methods:
Automatic charge to the card on file
Credit or debit card at pickup
Cash at pickup by prior arrangement only
Cash payments must be requested by emailing SpendwiseAuctions@gmail.com
within one (1) hour of auction close. Failure to arrange cash payment will result in automatic card processing.
Unpaid Invoices
All unpaid invoices result in immediate and permanent ban.
All unpaid invoices must be paid in full to settle the account
Partial payments and payment plans are NOT accepted
Payment of an outstanding balance does not guarantee reinstatement
Management reserves the right to permanently deny future bidding privileges
Non-payment constitutes a breach of contract
Outstanding balances remain due regardless of account status.
Breach of Contract – Non-Payment & Enforcement
By placing a bid, the bidder enters into a legally binding contract with Spendwise Liquidations. Failure to remit full payment and comply with pickup requirements constitutes a material breach of contract.
In the event of non-payment or non-compliance, Spendwise Liquidations will pursue enforcement, including but not limited to:
Immediate account termination and permanent ban
Public notation as a NON-PAYING BIDDER within auction platforms and industry databases
Submission of the unpaid balance to collections
Legal action, including Small Claims Court or civil proceedings, to recover unpaid amounts and associated costs
The bidder agrees to be held personally liable for all amounts owed. Any delay or decision not to enforce rights in one instance does not constitute a waiver of enforcement rights.
Forfeited Items (Non-Payment & Missed Pickup)
Items associated with unpaid invoices or missed pickup deadlines are forfeited.
Forfeited items will not be released
No credits, substitutions, or exchanges
Payment made after forfeiture settles the debt only
Disposition of forfeited items is at the sole discretion of Spendwise Liquidations
There are no exceptions.
Pickup Policy (ID REQUIRED)
All items are local pickup only from:
136 W Academy St, Randleman, NC 27317
Pickup dates and hours are announced for each auction.
Items not picked up by the stated deadline are considered abandoned and forfeited with no refund. Storage is not offered.
Identification Requirement
Valid government-issued photo ID is required for ALL pickups
Items will be released only under the registered bidder’s invoice
Third-Party Pickup (ID REQUIRED)
Items may be picked up by the registered bidder or any individual presenting valid government-issued photo ID.
No prior notice or authorization is required
ID must be presented at pickup
Items are released only under the registered bidder’s invoice
The registered bidder remains fully responsible for payment, pickup, and compliance regardless of who retrieves the items.
Individuals attempting to pick up items for banned or non-compliant bidders may be denied release and restricted from future auctions.
Shipping
We do not ship. No exceptions.
Inspection & Preview (Highly Recommended)
Preview appointments may be scheduled during business hours prior to bidding and are highly recommended, as all items are sold AS-IS, WHERE-IS.
Listings include photos and descriptions for buyer review; however, previews provide the best opportunity to verify condition, completeness, and suitability.
Failure to inspect items prior to bidding does not relieve the bidder of responsibility after purchase. No refunds, returns, or adjustments will be made for condition, missing parts, or functionality.
All questions must be submitted before bidding.
Item Details & Condition
Items are sourced from major retailers and distributors and may include:
Overstock
Shelf pulls
Undeliverable packages
Customer returns
Refurbished goods
Listings may include stock photos for reference and actual photos of the item being sold.
Only items shown in the actual photos are included. If it is not pictured, it is not included.
Actual photos override stock photos and descriptions.
Condition descriptions represent our best assessment but may not identify every flaw. Minor wear, marks, stains, odors, residue, scratches, scuffs, or signs of handling may be present.
All items are sold AS-IS, WHERE-IS, with no warranties or guarantees.
Mobile Devices & Activation Disclaimer
All phones, tablets, and cellular-capable devices are sold as liquidation items and may be subject to:
Carrier restrictions
Manufacturer restrictions
Enterprise or MDM locks
Account, software, or activation limitations
Carrier status, eSIM functionality, activation, MDM status, and compatibility are NOT guaranteed unless explicitly stated as tested in the lot description.
Devices may power on and function on Wi-Fi while remaining restricted from cellular activation.
Definition of “Unlocked”
“Unlocked” refers only to carrier lock status at the time of testing and does not guarantee absence of manufacturer, enterprise, software, or account restrictions unless explicitly stated.
Additional Condition Disclaimers
Untested items are sold strictly as-is and should be assumed for parts or repair
Electronics may be locked to prior user accounts
Tools and gas-powered equipment are tested only for brief power-on
“Works” means powers on only — not full functionality or completeness
Buyers assume all risks related to repairs, missing parts, cosmetic condition, software restrictions, or functionality.
Item Condition Guide
New: Unopened, may show packaging wear
Excellent: Light use possible; minor cosmetic flaws may exist
Used: Visible wear expected
For Parts or Repair: Non-functional or incomplete
All Sales Final
All sales are final. No refunds, returns, or exchanges.
Bids cannot be withdrawn once placed.
Spendwise Liquidations is not responsible for missed bids, internet outages, or platform errors.
Third-Party Statements
Statements by manufacturers, carriers, retailers, or third parties do not alter item condition or these terms. Only the written lot description and these Terms & Conditions govern the sale.
Liability Waiver
Buyers are responsible for loading and removing purchases. Spendwise Liquidations is not liable for injuries, accidents, or property damage during pickup.
Chargebacks & Disputes
By registering and bidding, you waive the right to initiate chargebacks or payment disputes. Fraudulent disputes or attempts to avoid payment will result in permanent ban and collection enforcement.
Licensing Disclosure
Spendwise Liquidations is a licensed North Carolina Auction Firm.
NCALB License #10983
All auctions comply with Chapter 85B of the North Carolina General Statutes and the North Carolina Auctioneer Licensing Board.