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Set Buyers Premium in a Clearing Sale

Buyer's Premium is a percentage fee added on top of the sale price and charged to the buyer on a Clearing Sale.

Setting a sensible default at the sale level means you rarely need to touch it lot by lot.

Before you start

  • Buyer's Premium only appears when the sale's Sale Type is Clearing Sale. It isn't available on Saleyard Auction or other sale types.
  • There's no dedicated Buyer Premium permission - if you can edit the Clearing Sale, you can set it.

Set the default for a sale

  1. When creating or editing a Clearing Sale, find Default Buyers Premium.
  2. Enter the percentage rate.

This field is required for every Clearing Sale - you won't be able to save one without it.

Result: Every lot in the sale is charged this rate, unless overridden on the lot itself.

Override the rate for a single lot

  1. Open the sale lot and find Buyers Premium.
  2. Enter the rate for this Lot, or leave it blank to use the sale's default (shown as the field's placeholder).

Result: This lot uses the rate you entered instead of the sale default. Enter 0 explicitly if you want to charge no premium on this lot at all — that's different from leaving it blank.

How it's calculated

Buyer's Premium is always a percentage of the Lot's sale price — there's no flat $/head option. GST is added on top of the premium unconditionally, since it's a fee your agency charges the buyer directly.

Where you'll see it

  • Sale Data and the Sale Lots grid - an Effective Buyers Premium column showing the rate actually applied to each lot.
  • The buyer's Payments summary - Buyer's Premium (plus its GST) is included in the Fees line of what the buyer owes.
  • Invoices - only if a Rule Book rule has been set up to charge it.

Tips

  • Changing the Default Buyers Premium on a sale does not retroactively update lots already created under the old rate — you'll need to revisit each existing lot and adjust it manually if you want the new rate to apply.
  • The per-lot field's placeholder text always shows you what the current sale default is, so you can tell at a glance whether a lot is using it or has its own override.
  • Listing Fee is configured right next to Buyer's Premium, using the same sale-default-with-lot-override pattern - but it's a flat dollar amount, not a percentage, and it isn't included in the buyer's Fees summary the way Buyer's Premium is.

Troubleshooting

You set a rate but no charge appears on the invoice. The rate alone doesn't generate a charge - check with your administrator that a Rule Book rule references the effective Buyer's Premium to bill it.

You changed the default, but existing lots still show the old rate. This is expected - sale-level default changes don't flow through to lots already created. Update the affected lots individually.

A lot shows 0% when you expected the sale default. Someone has explicitly set that lot's Buyer's Premium to 0, which is treated as a deliberate override, not "unset." Clear the field entirely (rather than setting it to 0) if you want it to follow the sale default instead.