- Market Loss policy
Market Loss policy
MARKET LOSS POLICY
Upon issuance of an order number following a purchase from Bullion Shark, the price is guaranteed and You may not cancel the transaction. The transaction may only be offset at Bullion Shark’s current asking price. If Your item is cancelled, You are responsible for any deficit between the price at which Bullion Shark sold the item to You and the offsetting purchase price. As set forth above, all cancellations are subject to our market loss policy, in addition to a $35.00 cancellation fee. Market gains on cancellations or returns shall remain the property of Bullion Shark. Without limiting any other legal or equitable rights and remedies that may be available to Bullion Shark, Bullion Shark may elect to apply any and all of Your funds in its possession to satisfy Your monetary obligations and/or may offset any obligations that Bullion Shark may have to You. Bullion Shark also reserves the right, in its sole and absolute discretion, to apply any/all funds in its possession toward the satisfaction of Your obligations to Bullion Shark.
Upon issuance of an order number following a sale to Bullion Shark, the price is guaranteed and You may not cancel the transaction. The transaction may only be offset at Bullion Shark’s current asking price. The deficit between the price at which Bullion Shark bought the item from You and the offsetting purchase price is solely Your responsibility if Bullion Shark does not receive the item. That amount will be charged to You, plus a $35.00 cancellation fee. Market gains on cancellations shall remain the property of Bullion Shark.
Once You have placed an order with Bullion Shark You have entered into a binding legal agreement, and cannot cancel the confirmed order. However, at any time after Your confirmed order has been placed, but prior to it being shipped, the confirmed Purchase Price (“Purchase Price”) may be offset (product sold back to Bullion Shark) at Bullion Shark’s lowest Bid Price (“Bid Price”) on the day that we receive Your written request for such an offsetting transaction. All order offset requests must be made during normal business hours, Monday-Friday, 9:00 AM to 5:00 PM EST. Bullion Shark reserves the right, in its sole discretion, to permit cancellation and/or offsetting Your order. Offsetting orders may be approved over telephone or email, at which time Bullion Shark shall provide You with a cancellation confirmation and the Bullion Shark Bid Price. Offsetting orders are subject to our market loss policy, described below, plus a $35.00 cancellation fee. As applicable, the difference between the Purchase Price and the Bid Price will be added to the $35.00 cancellation fee. In the event of a confirmed cancelled order, You expressly authorize Bullion Shark to automatically bill the credit or debit card on file for the difference between the Purchase Price and the Bid Price, plus the $35.00 cancellation fee. Alternatively, in the event that Your credit or debit card is denied, Bullion Shark reserves the right to invoice You, in which case, You expressly agree to pay the amount due, in full, within ten (10) business days. Future orders are not permitted unless and until any cancellation and other related fees are paid in full.
Any and all market gains on cancellations shall belong solely to Bullion Shark. For cancelled/offsetting orders, $35.00, plus the difference between the Purchase Price and the Bid Price will be charged. All canceled orders that were purchased via a credit or debit card will be subject to a five percent (5%) restocking fee, as well as the above described cancellation fees; as such only the remaining balance (net of all cancellation, restocking and other related fees) will be refunded to the credit or debit card. After Bullion Shark has shipped the product, the order is final and cannot be canceled. If You refuse shipment the product will be returned to us and You can either pay to have it reshipped or accept our buy price upon return plus a standard 5% restocking fee. Bullion Shark reserves the right to refuse or cancel an order for any reason or for no reason at all, regardless of payment method or price confirmation, including without limitation, for orders Bullion Shark deems questionable or suspicious, for orders Bullion Shark deems to be a significant risk, when the confirmed price is incorrect, for abrupt movements in the precious metals market, and/or when Bullion Shark does not receive payment within the allotted time frame. Bullion Shark is not responsible for pricing or typographical errors and expressly reserves the right, in its sole and absolute discretion, to cancel any and all orders placed with respect to such items. In the event of a cancelled order Bullion Shark will contact You directly with notification of the cancellation.