How it Works

Definition of 'Reverse Auction'

*A type of auction in which sellers bid for the prices at which they are willing to sell their goods and services. In a regular auction, a seller puts up an item and buyers place bids until the close of the auction, at which time the item goes to the highest bidder. In a reverse auction, the buyer puts up a request for a required good or service. Sellers then place bids for the amount they are willing to be paid for the good or service, and at the end of the auction the seller with the lowest amount wins.

In English- Sellers compete to offer you the buyer, the lowest price for what you need. Lets say you need 5lbs of chocolate covered fished sticks with colored stripes. The red stripes, not the blue ones. You post that request on the site and watch. Distributor "A" returns a quote of $7.93, distributor "B" then offers it for $7.48. But wait, distributor "A" is not done, $7.48? He revises his quote to $7.24. You select "A". You saved time and money.

Have Questions?
FAQ Title
Buyers

Does your site really do what it claims? All I need to do is place my order and watch the prices fall?

Yes, it's that simple. Sit back, kick up your feet, and eat a bag of popcorn while you watch distributors compete for your business.

If I create an order, do I need to actually make the purchase?

No, you are under no obligation to complete the transaction. You can cancel any time up until you actually make the purchase. Go ahead, try it out.

When do I pay?

When you complete the purchase you will be prompted to enter your checking account information.  No orders will be processed with out payment.

Do you offer terms?

No, all payments are made before orders are processed.

Do you accept credit card?

No, at this time we are only accepting online checks.

Do you really love questions?

You betcha, call us any time with any question or just to say hello.

What do I do if I have a problem with my order?

Call us. We will advise you who you should contact. All purchases are subject to the individual sellers return policy. We are not involved in the actual transaction, just a third party match maker.

Is there a registration or yearly fee.

No, you only pay for what you order.
Sellers

Sounds great but how much is this going to cost me?

We charge you 3% of the sales that you make. If you submit a bid but do not win, no charge.

Throughout this entire process, will other distributors be able to see prices that I am offering or anything else that I do?

No, Only the buyers will see your name and activities.

If I place a bid but then see that I was out bid, can I change  my original bid?

Yes, it is an auction.

Creating a bond with our customers is very important to us, will we have to give that up to use your site?

Not at all. We understand creating bonds and strive to create and strengthen those bonds with our buyers and sellers. We offer you the same opportunity. Many third party sites will remove the buyers name and contact information from the site to force the sellers to use the site as a medium. We give you the buyers name, contact info, and access to his full company bio. We even allow you to instantly email him with any questions or comments that you might have. Go ahead, call them, and build your relationship :).

How do I know that I will get paid?

No order is processed until the buyers funds hit our account. Only then do you receive the order.