Auction Process - Transparent & Simplified

Simple and transparent online scrap auctions

Welcome to scrapeauction.com its provide you simple and transparent online scrap auctions. For participation in e-auction for particular auction or lot. The final bidder shall be authorized by seller as mentioned below.

You can bid by two ways standard bid and auto bid.

Standard bid

Standard bid is bid by buyer, in this you can challenge to other buyers, with in a time period. The highest bidder will be taken into consideration.

Auto bid

Auto bid is a proxy bidding features. Auto bid facility is provided for bidders intending to place a maximum value for a lot/lots. Auto bid is not a confirmed bid. It is only the maximum selling amount set by the bidder to enable the auction software to place bids on his behalf, whenever he is out bided, up to the selling set by him. Once auto bid is set, the auction software will consider the selling amount for the next possible bid only, depending on the highest bid prevailing at that point of time and the increment amount prescribed for that particular lot. Bidders may please note that in the event of a manual bid amount matching that of auto bid, the manual bid will prevail and be considered.

1

Register & Get Approved

Create your account by providing your company details, including firm name, contact information, PAN, and GSTIN. Choose your role - either as a Company (Seller) or Buyer.

  • Fill in comprehensive company information
  • Submit required documents for verification
  • Wait for admin approval (usually within 24-48 hours)
  • Receive email notification once approved
2

Create or Apply to Auction

For Sellers (Companies):

  • Create an auction listing with product details, quantity, and images
  • Specify material lifting details and validity period
  • List any required documents from buyers
  • Submit for admin approval - admin will set start/end times and starting price

For Buyers:

  • Browse available approved auctions
  • Review auction details and requirements
  • Apply to participate by uploading required documents
  • Wait for application approval from admin
3

Participate in Live Auction

Once your application is approved, participate in real-time bidding. Our platform features advanced bidding technology to ensure fairness and efficiency.

  • Manual Bidding: Place bids manually during the auction
  • Auto-Bid: Set your maximum price and let the system bid automatically
  • Real-Time Updates: See bids instantly as they happen
  • Anti-Sniping: Auction extends by 3 minutes if a bid is placed in the last 3 minutes
  • Complete Transparency: View full bid history at any time
4

Win & Complete Transaction

When the auction ends, the highest bidder wins. Complete your transaction with confidence knowing all details are recorded and transparent.

  • Highest bidder is declared the winner
  • Seller and buyer receive notifications
  • Complete the transaction offline as per agreed terms
  • Access full bid history and auction records anytime

Ready to Start Trading?

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