Legal analysis: Even if you don’t participate in the auction, the deposit will be refunded. The auction deposit will be returned to the bidder via the original route within seven working days without interest. If you pay in cash, you should bring the original ID card and receipt to the auction company to request a refund. If the auction does not reach the reserve price, the auction will be unsuccessful. The bidder's deposit will be refunded within ten working days without interest. But now many scammers also defraud entrusted collectors with money in the name of deposits. If you pay this so-called deposit, you have been cheated and you will not get your money back.

Legal basis: "Regulations on the Implementation of the Tendering and Bidding Law of the People's Republic of China"

Article 31 If the tenderer terminates the tender, it shall make a timely announcement or issue a written notice Notify potential bidders who are invited or who have obtained pre-qualification documents and bidding documents. If the pre-qualification documents and bidding documents have been released or a bid deposit has been collected, the tenderer shall promptly return the fees collected for the pre-qualification documents and bidding documents, as well as the bid deposit and bank deposit interest for the same period.

Article 57 The tenderer and the winning bidder shall sign a written contract in accordance with the provisions of the Bidding and Bidding Law and these Regulations. The main terms of the contract, such as the subject matter, price, quality, and performance period, shall be consistent with the bidding documents and the winning bidder. The contents of the bid documents are consistent. The tenderer and the winning bidder shall not enter into other agreements that deviate from the substantive content of the contract.