Understanding MSTC EMD and Bid Security Deposit
EMD on MSTC functions as your financial commitment to genuine bidding intent, and understanding how the wallet system works is essential before your first
EMD on MSTC functions as your financial commitment to genuine bidding intent, and understanding how the wallet system works is essential before your first auction.
Rather than submitting a separate deposit for every auction, MSTC generally uses an EMD wallet system — you fund your wallet, and the relevant deposit amount is earmarked against auctions you participate in.
The specific deposit amount required varies by lot value and category, so checking the auction-specific requirement before committing your wallet balance matters.
Maintaining sufficient wallet balance ahead of auctions you intend to participate in avoids being unable to bid at the last moment due to insufficient funds.
Frequently Asked Questions
Is EMD refundable for unsuccessful bidders?
Yes, generally refunded or released back to your wallet balance following the standard process.
Do I need to fund my wallet before every single auction?
You need sufficient available balance at bid time — maintaining a working balance for auctions you're actively pursuing is more practical than funding per-auction each time.
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