Welcome to Liquidation.com, where resellers are able to bid and win surplus inventory from fortune 500 retailers. With 5 warehouse locations across North America, and hundreds more from private sellers, we make it easy to get inventory regardless of your location.
While you get familiar with our site, there are a few things you should know before you start bidding and buying.
We are your #1 inventory partner with hundreds of auctions being added to our site every day. We’ll always have what your business needs.
About Liquidity Services
For validation purposes, a valid credit card is needed in order to place a bid. This ensures all bidders have a serious intent to buy should they win, eliminating fraudulent bidders from artificially inflating the price. At the time of payment, this can be changed to another credit card, a wire transfer or through PayPal. Please note, transactions over $5,000 require payment via only a wire transfer.
Why do we ask for a credit card?
Every organization has surplus – assets or inventory no longer required. Liquidity Services (NASDAQ: LQDT) works with clients to ensure surplus is intelligently transformed from a burden into a liquid opportunity that fuels the achievement of strategic goals. Our superior service, unmatched scale, and ability to deliver results enable us to forge trusted, long-term relationships with over 9,000 clients, including Fortune 1000 and Global 500 organizations as well as government agencies. With nearly $7 billion in completed transactions, 3 million registered buyers, and reach into almost 200 countries and territories, we are the proven market leader in delivering smart surplus solutions. Let us build a better future for your surplus. Visit us at LiquidityServices.com.
For starters, make sure to fully complete your account profile. This includes ensuring you have a credit card on file and any shipping addresses you may use. Both are required in order to place bids, and having them on file before placing a bid can help reduce the time it takes to place a bid.
For a first-time bidder, the whole process can be overwhelming. Did you do enough research? Does your maximum bid take into account all fees (buyer’s premium, shipping, etc.)? Are you sure you can move this inventory quickly? Our goal is to make sure every bid on Liquidation.com is an informed bid, so we provide you with all the information you need.
Once you know what you’re in the market for, and you’ve found your auction – or auctions – you wish to place a bid, enter in the maximum amount you’re willing to spend. This will ensure you will get the auction for the price you want, or most likely even lower! By entering in your maximum bid, you’re letting the Liquidation.com system know it can place bids on your behalf up to your maximum value.
A shipping address is needed to confirm your location as some auctions may be unavailable for shipment to your region. Should you require Liquidation.com to handle the shipment of your auction, we will use this to determine shipping fees. Changing it after you’ve won will require you to contact our support team to rework your final invoice. However, provide you plan to pick-up your auction at one of our 5 warehouses or arrange your own shipping, this can be changed when you pay for the auction.
Why do we ask for a shipping address?
With the basics covered, it’s time to place a bid! Search by category, keyword or simply start with some of our featured auctions from the homepage.
Using the filters, narrow down the inventory selection by location, price, or size in order to get a good sense of the auctions available that meet your needs.
When viewing auctions, it’s important to keep in mind 3 simple things:
When you bid and buy smart, your market of inventory flipping is unstoppable. Check out some tips from some of our savvy buyers. See Tips
Find Something to Bid On
Understanding Inventory Conditions
When purchasing overstock it’s essential to be mindful of inventory’s condition. While buying new inventory may be the simplest and quickest way to make a return on your investment for a newcomer to the surplus world, there are plenty of opportunities buying other conditions.
CAUTION: Salvage products should be reserved for professional buyers as these products need repairs before being resold. If you own a repair shop or your business specializes in repairing various items, then these auctions are right for you.
Go beyond the bid price and MSRP value to understand the merchandise you’re viewing. In four words: check out the manifest. Most of the auctions on Liquidation.com contain a manifest giving you specifics into the lot down to the UPC codes, quantity and retail price – all by the product!
Some sellers do not permit using their brand names. For those who do allow you will find their logo or name used throughout the site.
To learn more about our inventory conditions click here.
Understanding the Bidding Process
Proxy bidding is an automated ‘agent’, authorized to bid on your behalf. By bidding the smallest amount necessary to outbid other bidders while maintaining your position as the highest bidder – up to the maximum bid you have allocated. By allowing proxy bidding you can save time and ensure you win the items you want without constantly monitoring or worry.
Understanding the Buying Formats
The majority of auctions on Liquidation.com are standard/regular auctions where the format is normal, increasing its price for a single lot of merchandise. There is only a single winner – the highest bidder at the time the auction closes. However, Liquidation.com does offer a few other auction types:
In a fixed priced auction, the seller specifies a price for the lot, and the first buyer to click “Buy Now” and complete the buying process is the winner. No one more outbid the buyer for the specific lot.
Fixed Price Auctions
During a sealed bid sale, each bidder submits an irrevocable bid without knowledge of the bids submitted by other bidders. When the auction closes, all bids are opened simultaneously, and only the highest bid is accepted, as long as it meets the conditions of the sale established by the seller. The winning bidder will be notified immediately thereafter.
Sealed Bid Auctions
These auctions are essentially a sealed bid sale, however, they give the buyer a "Buy Now" option. This way, the buyer doesn’t have to wait until the auction closes to learn if they’ve won.
Mixed Format Auctions
Choosing a Payment Method
U.S. and Canadian buyers may use a credit card (Visa, MasterCard, Discover or American Express) to pay for any Liquidation.com transaction up to $5,000. Simply enter the credit card number in the form provided at the time of payment and your transaction will be processed automatically using our secure server. Credit Card payments usually reflect in your account within 1 hour. It’s important to note first-time buyers may not use a credit card to purchase used or salvage assets until after they have completed their first transaction on Liquidation.com.
1. Credit Cards
PayPal is a widely used payment method for online transactions. If you will be utilizing this payment method, please set up your PayPal Account prior to bidding to avoid any potential payment delays. You may do so by clicking here (insert hyperlink). U.S. and Canadian buyers may pay for any transaction up to $5,000USD or CAD using their PayPal account. To pay for your auctions via PayPal, please choose this option after you select “Pay Now” in your Won/Lost section of the My Account page. Please Note: PayPal payments must be made in U.S. dollars for U.S. buyers, and in CAD for Canadian buyers. Payments via PayPal can only be accepted by initiating payment from the Liquidation.com website. PayPal payments are typically reflected in your account within 1 hour.
A wire transfer is an electronic payment service transferring funds by wire from one bank account to another over the Federal Reserve Wire Network. Once your auction has closed and you are the confirmed winner, we will send you an email with all the relevant wire transfer account information for your transaction. You may also obtain this information by choosing the wire transfer option when you click on “Pay Now” in My Account or clicking here (insert hyperlink to wire transfer authorization form). Be sure to take this information with you when you go to your bank to initiate the wire transfer.
3. Wire Transfer
How to initiate a wire transfer at your bank:
Go to a branch office of your bank. Most banks require you to set up wire transfers by going into your local branch office as a fraud protection measure.
Be prepared with the following on hand:
Speak with a bank representative to set up wire transfer and be sure to obtain a wire transfer confirmation.
Please send the completed wire confirmation to firstname.lastname@example.org to alert customer service that the payment has been submitted so we may notate your account of a pending payment.
Please Note: We are able to apply most US Domestic wires if received by 2pm ET on the same business day. Typically International Wire transfers are applied within 3 business days. Make all transfers prior to 2pm for processing to occur the same business day.
Once the bank has processed your payment and your order is ready to ship, you’ll be notified via email. In the meantime, you can check the status of your transaction online by going to My Account.
Tracking Your Shipments
Within your account, you’ll have the ability to view the current progress of any transaction by selecting “Transaction” from the Summary on the left side navigation.
Tracking information will only be provided when payment has been successfully received, and will be presented within the Tracking field under the “Paying Seller and Completed Transactions” section of the page.