OPiC How It Works - Auction -Online Parts International
The OPiC Auction Philosophy: High Value, Low Friction
The Online Parts International Catalogue (OPiC) System is not a typical high-volume e-commerce site. We are a specialized liquidation platform for aged stock, designed to protect the interests of our clients while delivering genuine savings to our bidders.
1. Why We Guard the Reserve
We don’t believe in “fire sales” that devalue high-quality parts. Every item in the OPiC System has a strictly guarded reserve price. This ensures that our clients receive fair market value and prevents “bottom-feeding” tactics from compromising the auction’s integrity.
2. Manual Vetting: Keeping the "Hoodlums" Out
Most platforms use bots; we use people. Every bidder is manually vetted by our team before they are granted access to the OPiC pages. This manual entry and oversight keeps the environment professional, secure, and free from bad actors.
3. Why No Credit Cards or Third-Party Apps?
Platforms like Stripe, PayPal, PayFast charge significant transaction fees (often 3% to 5% or more). By processing all transactions via Direct EFT, we:
Eliminate Middleman Fees: Those savings are passed directly to you.
Avoid VAT: On these specific auction listings, we do not charge VAT, providing an immediate 15% advantage over retail.
Ensure Total Security: Bank-to-bank transfers remain the most secure way to handle high-value parts transactions.