SalvageSettlers provides an online marketplace for the trade of goods and services using Forward and Reverse eAuction facilities and Classified Listings, with trading taking place via the SalvageSettlers.com website.
For sellers, online forward auctions and classified listings open up new sales channels for their products, whilst offering buyers fast and easy access to a range of items and favourable purchasing conditions. For buyers of goods and services, the reverse auction facility enables fast and cost-effective procurement.
In a Forward eAuction, items are offered by a seller, whilst the bidders are buyers. Buyers bid in specified increments to win the auction and purchase the item. The highest bidder wins. In a Reverse eAuction, the buyer is using the auction to purchase goods or services and invites suppliers to bid. The bidders in a Reverse eAuction offer increasingly lower prices at which they are willing to provide the goods or services. In a Reverse eAuction, the lowest price wins - hence the name, Reverse eAuction.
Our eAuctions are managed end-to-end by SalvageSettlers. SalvageSettlers reviews and uploads the auction details, specifications and T&Cs, makes markets for the auction and oversees the auction.
All registered users of SalvageSettlers.com, with a valid email address and internet access, can participate in a Reverse eAuction. However, prior to registering with SalvageSettlers, the user must be a pre-approved supplier to the buyer (customer) for the buyer's auctions.
To participate, you will need to register with SalvageSettlers.com.
Buyer Participation
For all Reverse eAuctions, you need to request a Reverse eAuction, using the button on the website. Once you have submitted the form, SalvageSettlers will contact you to agree and finalize the eAuction details and will then upload the auction details on the website. Prior to the auction, you will receive a login and password for the auction, in order to view the auction.
Supplier Participation
To act as a supplier, you need to register with our website. To participate in a Reverse eAuction, you need to be pre-approved as a supplier by the buyer for that auction. SalvageSettlers will inform confirm whether you have been pre-approved for an auction. Once pre-approved and registered, and once you have agreed to the T&Cs for an auction, you will be able to participate in the auction. SalvageSettlers will provide you with a login and password to participate in the Reverse eAuction.
The main menu tabs direct you to the Reverse eAuction tab. This lists all the Reverse eAuctions that are coming up, which are listed in chronological order.
Once you click on a specific auction, you will see all information regarding the good or service required, including the item description, any reserve price or minimum decrement requirements, any restrictions, terms and conditions, the dates and times by which bids or offers must be made, as well as other related information.
Yes. Participation is subject to strict Terms & Conditions, Legal Notices, Bidding/Purchasing Instructions and Rules. These are outlined in the item description of each listing.
We do not sell or rent your personal information to third parties for marketing purposes. We only use your information as described in our Privacy Policy. Our third party service providers use your information to fulfil your activities on the website.
We view protection of users' privacy as a very important community principle. We understand clearly that you and your information is one of our most important assets. Your information is stored and processed on computers located in New Delhi, India. These computers are protected by physical, as well as technological security devices. We use third parties to verify and certify our privacy principles.
If you object to your information being transferred or used in this way, please do not use our services.
You can browse the site without being registered, but to participate in Reverse eAuctions, you need to be registered with the site and be a pre-approved supplier to the buyer.
No, you only have to register once. Once registered, you simply log in with your email ID and password. You can then view your account details and access the complete site.
No, you do not need to supply a credit card in order to register with the site or participate in bids or direct trade.
You need to sign in and go to the 'Manage Your Account' page to change your personal details.
