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Buying Process


1Buyers shall enter to the register in Webuy transaction mall, and then provide relevant materials online to Webuy transaction mall for identity verification to get login permission (this login permission is also applicable to the mobile APP that will be developed by Webuy in future).

2After passing register, buyers can log in the transaction mall to check supply information of relevant products, or release product demand information.

3Purchase products. Buyers can select bidding products or bargaining products upon preference

A. Click bidding product—click certain product name—bidding upon the price markup requirement by seller within the valid time set by seller—if other bidders give higher price, buyers can bid again at the given time (if no other bidders give higher price, buyers cannot mark up again) —after the valid time set by seller, the bidder with highest price will win in this bidding activity—for bidding products, a certain sum of margins shall be paid upon requirements of seller, and the margins shall be deposited into the account of Webuy transaction mall in valid period.

B. Click bargaining product—click certain product name—buyer and seller take one-to-one online bargaining. This process may need several times of exchanges over and over again, and buyer bid upon his own estimation (seller can achieve online bargaining exchange with several buyers) —after the valid time set by seller, the seller will confirm whether bargaining succeeds (the bargaining also may be failed, which means seller fails to reach a deal with any buyers) —for bargaining products, a certain sum of margins shall be paid upon requirements of seller, and the margins shall be deposited into the account of Webuy transaction mall in valid period.

4After the steps of bidding and bargaining are completed, a letter of purchase intent will be generated automatically. Buyers can select whether Webuy transaction mall should provide the issuing service by third party while confirming the letter of purchase intent upon their own conditions.