FAQ
Common auction questions
Who can bid in scrap auctions?
Registered buyers with required KYC and EMD approval can bid on live lots.
Is inspection required?
Most industrial scrap lots should be inspected before bidding because material is sold on an as-is where-is basis.
How does EMD work?
Buyers pay an earnest money deposit for eligible lots before bidding. The current demo records dummy EMD payments.
What happens after winning?
The winner receives invoice and payment workflow records, followed by lifting coordination.
Can sellers list scrap lots?
Yes. Sellers can submit lots from the seller dashboard for admin approval.