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Selling Process

 

1Sellers 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, sellers can log in the transaction mall to check demand information of relevant products, or release product supply information.

3Sell products. Sellers can select bidding products or bargaining products upon preference.

A. Click bidding product—click certain product name—bidding upon the price markdown requirement by buyer within the valid time set by seller—if other bidders give lower price, sellers can bid again at the given time (if no other bidders give lower price, buyers cannot mark down again) —after the valid time set by buyer, the bidder with lowest price will win in this bidding activity—for bidding products, a certain sum of margins shall be paid upon requirements of buyer, 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 seller bid upon his own estimation (buyer can achieve online bargaining exchange with several sellers) —after the valid time set by buyer, the buyer will confirm whether bargaining succeeds (the bargaining also may be failed, which means buyer fails to reach a deal with any buyers) —for bargaining products, a certain sum of margins shall be paid upon requirements of buyer, 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.