Forward Auction Overview Back
1. 1. Both the Seller and the Buyer complete the online registration process including shipping points, regulatory and banking information. 1.
2. Seller The seller chooses "Start an Auction" from the SELL page and lists the product, asking price and quantity on form. 1.
3. Seller The buyer clicks on an auction listing from the SELL page or Search page and chooses a bid price and quantity. Enter the maximum price and bid increments if you'd like an XSpert Bidder. 1.
4. Seller Seller The Auction winner is determined by sophisticated software based on price, volume and timing. 1.
5. Seller A funds transfer from the bidder takes place immediately. 1.
6. Seller Upon successful funds transfer, freight company is dispatched to seller's location. 1.
7. Seller  
Product is loaded and delivered to bidder's location.
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8. Seller  
Bidder inspects and accepts product.
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9. Seller Seller  
Funds are released to seller.
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