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What is an Auction Premium?

This will briefly cover what an auction premium is, as well as how to set it as an auction manager.

The Auction premium is an amount added to live and for sale items. It is not meant to cover credit card fees because you have to legally provide the option for a donor to “opt-out” The Auction Premium is a surcharge (additional charge), to those live auction and for sale item types. 

How to set an Auction Premium 

1. Go to the settings gear wheel in your Auction or Campaign

2. Go to the "FINANCIAL" tab

3. Enter the amount you'd like to add as a premium as a percent. 

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The Auction Premium will apply to all items in your auction that are a live or for sale item type. If you wish to adjust or tax items individually you can do so within the item itself.