Well, got another email off Sweeney Kincaid. It answers the "how do you pay" and the "how do they make sure you don't renege on bid" questions.
"Dear Sirs
Thank you for applying for a bidding account with Sweeney Kincaid.
Please note that as a new bidder to SKL you will be required to lodge a deposit proir to bidding.
The deposit should be at least 10% of what you intend to bid (minimum deposit £100). If you are unsuccessful your deposit will be refunded. If you are successful then the deposit will be used to make payment towards the account, if the deposit exceeds the balance on the account you will receive a refund for any overpayment.
Deposit to be paid to our Bank Account: The Royal Bank of Scotland IBAB code GB35RBOS************* sort code **-**-** a/c no 00******.
Please use your buyer reference ****** as a reference on the deposit in order that we can clearly identify the funds and allocate them to your account, it would also be helpful if you can also include your name and company if possible.
Important : Please note that the system will not allow you to bid any more than 10x your deposit.
Please note we currently do not accept card payments.
Regards
New Accounts Team
Ps.. Tip: Do you know someone who already has a full account with us? Send us an email to
info@sweeney-kincaid.com with details. This may speed up the process of your account being upgraded to a Full rights user (non deposit user)."
Let's just say I'll not be bidding, a deposit of £100 minimum, they can feck right off.