Seller settlements: one statement and one payout per auction you sold in

How does it work?

• Where: After the Auction → Seller settlements (shown to staff with the dealership’s Manage auction activity authority — the people who handle its auction money; ask your dealer principal if you need it). There is one statement per auction you sold in, with a reference that starts with RS. It is prepared automatically as soon as one of your units sells; nobody has to create it.
• Your net proceeds for each unit = the sale price − the seller fee − any Reserve Fee taken on that sale − the tax on those fees + any adjustment, exactly as recorded on the sale. Nothing is recalculated.
• A unit is eligible for payout once its buyer has paid in full. Units whose buyer has not paid (or paid only part), or with an open dispute, are pending; a unit on hold is excluded. The statement shows each reason and the amount.
• Eligible for payout is not money sent. RideAuction pays you ONE payout per auction, in six stages: Eligible proceeds (your buyers paid in full) → Payout prepared (RideAuction added up the eligible units; no money sent) → Payout authorized (approved by RideAuction; still no money sent) → Bank transfer completed (RideAuction sends the wire or e-Transfer from its bank, outside RideAuction) → Payout recorded (RideAuction records the actual amount, date and bank reference) → Seller fully or partially paid.
• Your payout is shown on the statement under Your payout, with its reference (your statement reference + -1, -2 …), status and units. A partial payout pays whole units first in lot order; what is not paid stays owed to you and a new payout is prepared for it. The statement updates by itself.
• Reserve Fees on units that did NOT sell are billed on their own seller-fee invoice and are listed under the statement separately. They are never deducted from your sale proceeds.
• Download statement (CSV) gives the same figures for your records; it is a statement, not a bank transfer file. Print or save as PDF prints the page.

What do I need to do?

• Open your statement after the auction closes.
• Hand over each sold unit when the buyer shows the pickup pass.
• Check back: units become eligible as buyers pay, and paid once RideAuction records your payout.

What happens next?

RideAuction pays the eligible amount in one payout by bank transfer and records it; the statement then shows it as paid to you.