As an approved AuctionsPlus buyer with a linked StockCo account, you will be prompted to designate individual commercial livestock purchases for streamlined settlement through StockCo. Sellers' will be directed to invoice StockCo directly
Where can I designate a purchase to be financed with StockCo?
Post-Auction
StockCo account holders are provided an opportunity to designate livestock purchases immediately upon conclusion of the auction. A summary of bidding results will be provided upon exiting the auction where you may easily click to Finance via StockCo.
Auction Exit
All approved AuctionsPlus buyers can review the purchases upon their AuctionsPlus dashboard. Adjacent to the details of every commercial livestock purchase, StockCo account holders will be provided with a button designating that lot for Finance via StockCo. One click will initiate streamlined settlement through StockCo
User Dashboard
Setting your default settlement option to financing via StockCo
StockCo account holders may even further streamline settlement by designating all future livestock purchases for financing via StockCo. This option will automatically direct all sellers of your purchased lots to forward invoices to StockCo.
What happens after I designate a purchase to be financed through my linked StockCo account?
Once a StockCo account holder initiates a financing purchase, AuctionsPlus will promptly notify the Selling Agent. Subsequently, it becomes the Seller's responsibility to ensure that the corresponding invoice, complete with all necessary details, is sent to StockCo.
StockCo has established robust relationships within the Australian livestock agency community, with many agents having previously collaborated with StockCo in this capacity.
During post-sale discussions between the Seller and Buyer, the Selling Agent may seek to confirm the settlement arrangements. It is essential to communicate your financing decision clearly.
Upon receiving the invoice, StockCo will process the invoice and issue you the supplementary agreement as per StockCo’s standard processes.. This process is designed to ensure that you retain full control over all financing decisions.
AuctionsPlus is committed to safeguarding the data of its users and guarantees that no information or details pertaining to third-party livestock finance accounts are retained within the AuctionsPlus platform.
Important Considerations
It is important to note the following when using financing to support AuctionsPlus purchases
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As per the AuctionsPlus User Agreement buyers are obligated to honour all successful bids and purchases. This is regardless of available financing.
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AuctionsPlus has no influence over the application process,or requests for limit increases. Final approval lies with StockCo.
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AuctionsPlus does not impose limits to bidding or purchasing. The displayed available balances does not restrict a buyers capacity to bid.
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Livestock finance account holders have a direct relationship with StockCo. Any queries or discussion regards account activity, debt servicing, repayments etc are to be conducted directly with the StockCo representative.