Auction Rules

How MWM wholesale auctions work: weekly Waves with sealed bids, $1 auctions, closing times, how winners are decided, invoices, payment deadlines and shipping.

How It Works

A concise reference for the weekly wave schedule, offer rules, payment flow, and post-purchase policies.

1. Weekly Wave Cycle

Items are released in weekly batches called Waves. Each Wave follows a schedule set by the admin; deadlines are shown in your local time in the app:

Offer Period

Set by admin (e.g. 5 days)

Browse items, submit offers, and change or cancel active offers before the deadline.

Confirmation

At deadline

Highest offers win. Invoices are generated automatically.

2. Making Offers

Find an item

Browse the Wave catalog, filter by category, brand, or price.

Submit your offer

Enter a price at or above the listed price, or use Auto Offer for speed.

Change or cancel before the deadline

You may raise or lower your offer freely before the deadline, as long as it stays at or above the listed price. You may also cancel an active offer from My Bids and make a new offer again before the deadline.

Win

If you're the only bidder, you win at the listed price. If other buyers also offered, the highest offer wins and pays their own offer amount. You'll receive an email and invoice.

Sealed Bid System

Other buyers' offers are completely hidden

during the sales period. You will not see how many buyers have offered or what they offered.

If you're the only bidder, you win at the listed price.

Your premium / Additional % is not charged when there's no competition on the item.

If two or more buyers offer, the highest offer wins and pays their own offer amount.

There is no real-time outbidding; everyone submits sealed offers, and the winner is determined at the end. Your Additional % only applies when you outbid other buyers.

You cannot offer below the listed price.

The listed price is the minimum — any lower amount will be rejected.

Results are emailed

after the sales period ends. Winners receive an invoice.

If the winner cancels, the item goes to the next highest offer.

3. $1 Auction

Some lots are sold in the $1 Auction instead of the sealed-bid Waves. It works the other way round: the price is out in the open, everyone can see it, and it rises while the lot is live.

Every lot opens at the same price.

You bid the most you are willing to pay, and we bid for you.

The shown price rises only as far as it has to in order to stay ahead of the next highest maximum, so you often pay less than the maximum you entered.

There is no reserve.

Whatever the highest bid is when a lot closes, that bid wins it — however small the amount.

Each lot closes at its own time.

Auction lots do not all end together with the Wave deadline. Every lot shows its own countdown.

A bid at the last moment extends the lot.

Bids can't be cancelled.

You can raise your maximum at any time, but you can never lower it or take a bid back. If you hold the highest bid when the lot closes, you buy it and we issue an invoice.

Only the card-payment discount applies.

Shipping is charged as usual.

Auction lots ship under the same rules as everything else on MWM. Shipping is not a discount and is not waived.

4. Avatar Evolution — Auto Discount

Your Avatar Evolution tier is recalculated once a month from paid purchases in the last 3 completed months. Each tier carries an automatic discount that's applied to eligible invoice items. See your current tier on

My Account

Tier

3M Paid Spend

3M Paid Items

Auto Discount

No minimum

Both the paid spend and paid item-count thresholds must be met. SALE items and other discount-exempt items are not eligible for avatar or special percentage discounts. Admin-assigned special discounts may apply on top of, or replace, the avatar discount when eligible.

5. Payment

Payment Method

Discount

Notes

SWIFT international wire

No discount

Listed price. Wire fees on your side may apply.

Credit / Debit card (Stripe)

Instant, no manual reconciliation.

Import duties & taxes:

shipments are not DDP (Delivered Duty Paid). Import duties, customs fees, and taxes in the destination country are the buyer's responsibility and are not included in your invoice.

6. Discounts

Eligible discounts are applied automatically to your invoice or payment flow:

Discount Type

Where It Appears

Notes

Avatar / Special Discount

Invoice

Applied automatically to eligible items. SALE items are excluded from percentage discounts.

Credit / Debit card (Stripe)

Pay Now

7. Cancellations & Returns

Cancellations

Active offers may be changed or cancelled from My Bids before the deadline. After the deadline, winning, or invoice generation, purchases are binding. Confirmed purchase cancellation requests may be submitted via the

Contact form

Returns

8. Need Help?

Questions? Contact us anytime at

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