K-BID in Minnesota serves as an online venue for independent auction companies seeking to present their auctions and access bidders for everything from household items and collectibles to farm machinery and ammunition. The companies that use the K-BID site provide the specific details that govern each individual auction, but all auctions on the K-BID site are time-limited. Some auctions feature new merchandise, such as children's clothing, mattresses or lawnmowers; others feature used items, such as furniture or used cars.
Bidders may also find auctions that include a combination of new and used items. K-BID hosts several auctions at a time, listed on its website by category. After registering online with K-BID, bidders access these auctions using an assigned log-in name and password. Online and in-person inspection of items up for auction are encouraged. Bidders typically pay for their merchandise at the time of pick-up, though shipping is occasionally available. A standard service charge is added to all winning bids, and an additional fee is often added for credit and debit card payments.
K-BID provides registered bidders with notification of new auctions. It also offer tips and guidance to bidders new to online auctions. Additionally, bidders can contact the auctioneer with questions.