Seller Help

Here are answers to some of the most commonly asked questions about selling surplus assets on UK-Liquidation. For more detailed information about our seller services, please visit our corporate site at www.liquidityservicesinc.com or contact our Customer Service Department at 01908 607749.

Introduction

• Who sells on UK-Liquidation?
• What types of merchandise do you offer?
• How can I become a seller on UK-Liquidation?
• What other services do you offer?

Registration

• How do I register?
• Why do I need to register?
• How do I change my user ID?
• What do I do if I forget my user ID and/or password?

Submitting Assets

• How do I submit items for sale?
• What is the minimum quantity or amount for a sale?
• Is there a minimum price or reserve I can set on my auctions?
• What information do you require to post my auction?
• What is an Asset Sales Plan?
• What is an Asset Sales Agreement (ASA)?
• What services does UK-Liquidation provide to sellers?

Payment

• How and when will I get paid?
• How do I check the status of the buyer's payment?
• How secure is your payment system?
• What happens if the winning bidder doesn't pay?
• What measures do you take to ensure that buyers pay for auctions?

Shipping

• Who is responsible for shipping and shipping costs?
• Who is responsible for booking the shipment of my merchandise?
• What happens if a dispute is filed against my merchandise?

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Who sells on UK-Liquidation?

• Retailers
• Manufacturers
• Distributors
• Public Sector Agencies
• Wholesalers
• Financial Institutions
• Reverse Logistic Companies
• Depot Repair Companies

What types of merchandise do you offer?

We sell bulk inventory merchandise including returns, closeouts, refurbished merchandise, retail-ready merchandise, etc. Our product categories include electronics, clothing & accessories, jewelry, hardware, computers, industrial equipment, vehicles, and more.

How can I become a seller on UK-Liquidation?

• Step 1: Register - Registering as a seller on UK-Liquidation is free and easy. Simply click here to complete the new member registration application. Depending on the information you submit, you will receive a response confirming your membership within 24 to 72 business hours.
• Step 2: Submit Assets - Use the Submit Assets tool to provide information regarding your assets for sale. Once we have received this information and you have signed a sales agreement, a sales executive will recommend the proper lot size and merchandising for your assets.
• Step 3: Contact our Customer Service Team - If you would like to receive more information about our processes, contact us.
• Step 4: Monitor Transactions - View transactions, change your profile, set up saved search agents, add auctions to your watchlist, and more in the My Account section.
• Step 5: Ship Assets - Once the auction has closed, the seller will prepare and ship the assets to the buyer using our shipping and logistics service.

What other services do you offer?

Customized solutions for large volume sellers

Do you generate more than �1,000,000 in surplus inventory on a yearly basis? Are you a public sector agency, a large corporation, or a financial institution? Learn more about our customized asset recovery solutions by visiting our corporate website www.liquidityservicesinc.com or send an email to contacts@uk-liquidation.co.uk.

Value added services

• Liquidity - Exposure to a leading surplus buyer marketplace.
• Full Service - Fully outsourced solution to sell wholesale that minimizes the client's time and expenses.
• Speed - Rapid sales cycle time measured in days.
• Brand Protection - Confidence that your surplus product is distributed outside the client's existing sales channel with a large number of smaller buyers.

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How do I register?

Registering as a seller on UK-Liquidation is free and easy. Simply click here to complete the new member registration application. Depending on the information you submit, you will receive a response confirming your membership within 1 working day.

Why do I need to register?

Buyers and Sellers must register with us because we need to collect information for legitimacy verification. Note: Government Liquidation or Liquibiz.com users who have not registered with UK-Liquidation must register on UK-Liquidation to buy or sell on our site.

How do I change my user ID?

You cannot change your user ID. If you must change your user ID, you will have to re-register with a new user ID.

What do I do if I forget my user ID and/or password?

If you have forgotten your user ID and/or password, please Click here.

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How do I submit items for sale?

You must be registered before you can submit items for sale on UK-Liquidation.

You can post items by clicking on the 'Submit Assets' button located on the side navigation bar. You will be prompted to provide detailed information about the assets you would like to sell. This information will assist us in evaluating how best to market and sell your assets. After you have submitted this information, a Sales Executive will contact you to develop an Asset Sales Plan. You will be required to complete and return a signed Asset Sales Agreement (ASA) document. Once we have a signed ASA document, you will not need to fill out another one for future transactions. The only document which we will need for subsequent auctions is a Schedule 1 document which is a form describing the quantity and description of your goods.

What is the minimum quantity or amount for a sale?

Although there is no minimum quantity for assets, we target a liquidation value of �2,000 per lot. The Asset Sales Plan created by your Sales Executive will help to validate the best lot sizes to meet this objective and successfully sell your assets through UK-Liquidation.

Is there a minimum price or reserve I can set on my auctions?

We operate on a "marketplace pricing" model. Every auction starts at a minimum of �1, with no reserve, and is sold to the highest bidder. This leads to more competitive bidding by our hundreds of thousands of registered buyers. Virtually all merchandise that is posted on UK-Liquidation is sold quickly and efficiently using this "no reserve" system.

What information do you require to post my auction?

• Asset description and details regarding quantity, weight, location and condition of goods
• Packaging And Shipping Information.

What is an Asset Sales Plan?

An Asset Sales Plan is a plan that is developed by our Sales and Marketing team. This plan will include initial price for items, lot size, auction duration, and marketing tools to promote the auction. Once you submit your Item information, you will be contacted by your Sales Executive to review the plan.

What is an Asset Sales Agreement (ASA)?

An Asset Sales Agreement is a document outlining our responsibilities and obligations as well as that of the seller.

What services does UK-Liquidation provide to sellers?

We monitor all aspects of the auction and transaction process from beginning to end, including due diligence, asset promotion, payment collection, warehousing, inventory verification and labeling, shipping and logistics.

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How and when will I get paid?

We will remit payment to you, net of any commission and fees due, after we have received and processed the buyer's payment.

How do I check the status of the buyer's payment?

You can monitor the status of all your transactions online by logging into My Account.

How secure is your payment system?

All payment information will be stored and processed using our secure server. All the data is transferred in an encrypted format, and it can only be decrypted by the processing bank or by us.

What happens if the winning bidder doesn't pay?

If the winning bidder fails to pay, we will contact the second highest bidder to determine whether or not he/she is still interested in purchasing your merchandise. If the second highest bidder is not interested in purchasing the merchandise, we will contact you to discuss other options, including re-listing your merchandise.

What measures do you take to ensure that buyers pay for auctions?

We limit the number of outstanding transactions for new buyers to two at one time. Once a new buyer wins two auctions, they cannot place new bids until payment is made. This restriction continues until a buyer has completed their first transaction.

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Who is responsible for shipping and shipping costs?

We arrange and manage shipping using our shipping partners. The buyer is responsible for all shipping costs including duties and taxes for international shipments. All auctions are insured to 100% of the value of the auction.

Who is responsible for booking the shipment of my merchandise?

Once the buyer's payment has been collected, UK-Liquidation will book the shipment of your merchandise and notify you as to when to prepare the goods for pick-up. Pick-up usually occurs 2 business days after the buyer's payment has been collected.

What happens if a dispute is filed against my merchandise?

A buyer can file a dispute if he/she believes that the merchandise received does not conform to the information provided by the seller at the time of the bid. To start the dispute process, the buyer must complete a dispute form, we will investigate the matter, and we will decide upon a resolution that must be followed by both the buyer and the seller. To download a PDF version of our dispute form, please click here.

Disputes must be submitted within 2 business days of receipt of the merchandise, and we will complete dispute resolution within 15 days of receipt. All parties must abide by the dispute resolution provided by UK-Liquidation.

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