--- title: Internal System Release Notes March 5th 2026 description: Discover NextLot's latest updates, including error fixes, new features, and improved usability for a seamless bidding experience. Stay updated with our latest release notes. --- [Skip to content](https://devops.nextlot.com/blog/internal-system-release-notes-march-5th-2026#main-content) ![](https://devops.nextlot.com/hs-fs/hubfs/NextLot%20-%20symbol%20-%20full%20color-1.png?width=100&height=100&name=NextLot%20-%20symbol%20-%20full%20color-1.png) Open main navigation Close main navigation - [Contact us](https://devops.nextlot.com/blog/internal-system-release-notes-march-5th-2026#contact) [Contact us](https://devops.nextlot.com/blog/internal-system-release-notes-march-5th-2026#contact) March 5, 2026 # Internal System Release Notes March 5th 2026 [Development Team](https://devops.nextlot.com/blog/author/development-team) Share: [envelope icon](mailto:?body=https://devops.nextlot.com/blog/internal-system-release-notes-march-5th-2026)   ### \*Internal\* System Release Notes March 5th, 2026 **UPDATE – On-Site & Internet Buyer’s Premium UI** In preparation for NextLot’s upcoming onsite bidder invoicing system, we’ve made updates to the On-Site Buyer’s Premium and Internet Buyer’s Premium sections of the UI. Please note: the **Buyer’s Premium Text** section has not changed and will appear the same on the public-facing site. --- ### Auction Site-Wide Settings To set your default On-Site and Internet Buyer’s Premium: 1. Click the **Settings** icon 2. Select **Auctions** 3. You will land on the **Buyer’s Premium** tab ![Screenshot 2026-03-04 at 4.35.59 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.35.59%20PM.png?width=2813&height=1413&name=Screenshot%202026-03-04%20at%204.35.59%20PM.png) ![Screenshot 2026-03-04 at 4.36.13 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.36.13%20PM.png?width=2840&height=1524&name=Screenshot%202026-03-04%20at%204.36.13%20PM.png) As mentioned above, the Buyer’s Premium Text remains unchanged. You will now also see a section labeled **Buyer’s Premium Platform Labels**. This feature is currently in development, and more information will be shared soon. --- ### On-Site Buyer’s Premium In this section, you can select the premium type: - Percentage - Flat rate - Sliding scale - Cumulative sliding scale These options have not changed. You can also set a minimum amount and cap amount, if applicable. --- ### Internet Buyer’s Premium (Most Noticeable Update) There are now two options available: - **Charge on top of the On-Site Buyer’s Premium** - **Charge only the Internet Buyer’s Premium** #### Option 1: Charge on Top of the On-Site Buyer’s Premium If this option is selected, you will enter the additional premium that will be added to the On-Site Buyer’s Premium. **Example:** An auction house has the following On-Site Buyer’s Premium sliding scale: - $55,001 and above: 5.99% - $4,501 – $55,000: 10% - $1 – $4,500: 12.5% **Plus:** An additional 1.5% fee for online bidding. In the system, you would: - Enter the sliding scale under On-Site Buyer’s Premium - Enter 1.5% under Internet Buyer’s Premium (set to “Charge on top of the On-Site Buyer’s Premium”) ![Screenshot 2026-03-04 at 4.34.54 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.34.54%20PM.png?width=2845&height=1441&name=Screenshot%202026-03-04%20at%204.34.54%20PM.png) **Scenario:** If a bidder purchases a tractor for $50,000: - 10% On-Site Premium = $5,000 - Subtotal = $55,000 - Additional 1.5% online fee = $825 **Total Due:** $55,825 (excluding applicable taxes) --- #### Option 2: Charge Only the Internet Buyer’s Premium If you do not want to add an additional premium on top of the On-Site rate, select **“Charge only the Internet Buyer’s Premium.”** For example: If your auction house charges a flat 15% premium on all purchases—whether onsite or online—you would enter that 15% in this section. ![Screenshot 2026-03-04 at 4.26.02 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.26.02%20PM.png?width=2819&height=1361&name=Screenshot%202026-03-04%20at%204.26.02%20PM.png) --- ### Auction-Specific Settings The same process applies when setting premiums on an auction-by-auction basis: 1. Click the **gear icon** next to the auction 2. Select **Buyer’s Premium** The On-Site and Internet Buyer’s Premium options will appear exactly as described above. ![Screenshot 2026-03-04 at 4.27.16 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.27.16%20PM.png?width=2842&height=1462&name=Screenshot%202026-03-04%20at%204.27.16%20PM.png) ![Screenshot 2026-03-04 at 4.27.39 PM (2)](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.27.39%20PM%20(2).png?width=1894&height=806&name=Screenshot%202026-03-04%20at%204.27.39%20PM%20(2).png) --- ### Important Reminder - The **On-Site Buyer’s Premium** option only appears for webcast based auctions. - It does **not** appear for timed auctions, since there are no onsite bidders. You will still see the Internet Buyer’s Premium options for timed auctions. However, if **“Charge on top of the On-Site Buyer’s Premium”** is selected for a timed auction, no additional premium will be added beyond the Internet Buyer’s Premium.   --- **Update: Paying Multiple Outstanding Invoices w/ 1 Payment Now Records Payment PER Invoice** When navigating to a bidder invoice and clicking the blue **Payment** button, you have the option to process payment for multiple outstanding invoices (if applicable). ![Screenshot 2026-03-04 at 4.44.24 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.44.24%20PM.png?width=2596&height=1542&name=Screenshot%202026-03-04%20at%204.44.24%20PM.png) Previously, while you could select multiple invoices, the payment records were not accurate. The system would apply the **total amount of all selected outstanding invoices** and display that full total as the payment amount on **each invoice**, which was incorrect. This has now been fixed. When processing payments for multiple outstanding invoices, the payment will now be **correctly allocated to each individual invoice**. For example, in the scenario below, two outstanding invoices are selected: - One for **$53,745** - One for **$5.56** **![Screenshot 2026-03-04 at 4.44.33 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.44.33%20PM.png?width=2094&height=1316&name=Screenshot%202026-03-04%20at%204.44.33%20PM.png)** The bidder is paying **cash** for both invoices. When you are brought to the **New Payment** modal after selecting the invoices, the **Cash Received** field will automatically total the combined amount of the two invoices. Once you click **Create Payment**, the system will correctly allocate the appropriate amount to each invoice, and both invoices will be settled and finalized. In this example, if the bidder provides $53,750.56 in cash to cover both outstanding invoices, this will be reflected within the invoice. Under Method/Details, the system will display the total cash received ($53,750.56) used to pay the two selected invoices. However, the Total shown on the invoice will only reflect that invoice’s outstanding balance of $53,745. The amount displayed under Method/Details includes the payment applied to this invoice plus the amount from the other selected outstanding invoice ($5.56). ![Screenshot 2026-03-04 at 4.45.00 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.45.00%20PM.png?width=2849&height=1469&name=Screenshot%202026-03-04%20at%204.45.00%20PM.png) --- You can also view a more detailed breakdown by navigating to the **Auction Payments Report of the applicable auction**. ![Screenshot 2026-03-05 at 11.50.04 AM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-05%20at%2011.50.04%20AM.png?width=2858&height=1029&name=Screenshot%202026-03-05%20at%2011.50.04%20AM.png) You will now see an **“i” information icon** next to the **Amount** column. The tooltip explains: > “This is the full amount of the payment transaction (including any surcharge fees) and may cover multiple invoices across multiple auctions. See the ‘Invoice’ column for the amount allocated to this auction only.” For example: - The **Amount column** will show **$53,750.56**, which is the total cash payment received for multiple invoices. - The **Invoice # / Amount column** will show **$53,745.00**, which represents the specific invoice balance allocated to that auction.  ![Screenshot 2026-03-04 at 4.45.43 PM](https://devops.nextlot.com/hs-fs/hubfs/Screenshot%202026-03-04%20at%204.45.43%20PM.png?width=2874&height=1497&name=Screenshot%202026-03-04%20at%204.45.43%20PM.png)     Updated Knowledge Base Articles: # [How to Add Video Links to a Particular Lot](https://knowledgebase.nextlot.com/knowledge/how-to-add-video-links)     ## Related posts ## [Internal System Release Notes June 5th, 2026](https://devops.nextlot.com/blog/internal-system-release-notes-june-5th-2026) [Development Team](https://devops.nextlot.com/blog/author/development-team) June 5, 2026 [Read more](https://devops.nextlot.com/blog/internal-system-release-notes-june-5th-2026) ## [Internal System Release Notes from 5/16-6/23](https://devops.nextlot.com/blog/internal-release-notes-from-5/16-6/19) [Development Team](https://devops.nextlot.com/blog/author/development-team) June 23, 2025 [Read more](https://devops.nextlot.com/blog/internal-release-notes-from-5/16-6/19) ## [NextLot- New Bidding System Release Notes from 4/29-5/15](https://devops.nextlot.com/blog/nextlot-new-bidding-system-release-notes-from-4/29-5/15) [Development Team](https://devops.nextlot.com/blog/author/development-team) May 15, 2025 [Read more](https://devops.nextlot.com/blog/nextlot-new-bidding-system-release-notes-from-4/29-5/15) [accounting report](https://devops.nextlot.com/blog/tag/accounting-report) ## . facebook-f icon linkedin-in icon Twitter icon instagram icon - Menu Item 1 - Sub-menu Item 1 - Another Item - Sub-menu Item 2 - Menu Item 2 - Yet Another Item - Menu Item 3 - Menu Item 4 --- [![](https://devops.nextlot.com/hs-fs/hubfs/NextLot%20-%20symbol%20-%20full%20color-1.png?width=100&height=100&name=NextLot%20-%20symbol%20-%20full%20color-1.png)](http://nextlot.com) 123 Main Street, City, State 11111 Copyright © 2026, NextLot - Client Email Blasts ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Development Team", "url" : "https://devops.nextlot.com/blog/author/development-team" }, "dateModified" : "2026-03-05T17:06:18.253Z", "datePublished" : "2026-03-05T17:06:18.000Z", "headline" : "Internal System Release Notes March 5th 2026", "mainEntityOfPage" : { "@id" : "https://devops.nextlot.com/blog/internal-system-release-notes-march-5th-2026", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://devops.nextlot.com/hubfs/NextLot%20-%20symbol%20-%20full%20color-1.png" }, "name" : "NextLot - Client Email Blasts" } } ```