Bidding Process

Bidding Process

Welcome to Steelez.com – Your Gateway to E-Auctions

We extend a warm welcome to Steelez.com, where we are privileged to guide you through the intricacies of the Bidding Process.

Bidding serves as the fundamental process allowing you to actively participate in our e-auctions and place bids on specific auctions or lots.

There are two ways to bid: ‘Bid One by One’ and ‘Auto Bid.’ Through continuous bidding, you can engage with other participants within the allotted time. The highest bidder will receive consideration; however, the seller retains the discretion to decide in favor of the highest bidder based on the circumstances.

Similarly, in the case of Auto Bid, to expedite the process, participants can opt for auto bidding, specifying their highest bid amount. If the auto bid price surpasses the last highest bidder’s amount, the auction bid price will be the last bid plus one more minimum increment.

The seller exclusively authorizes or can unauthorize the highest bidder. The final bidder receives authorization from the seller through the aforementioned communication channels. The seller communicates authorization to the highest bidder through channels such as Email, SMS.

At Steelez.com, we aim to ensure transparency and fairness in our e-auction process. If you have any questions or need further assistance, feel free to reach out to us. Happy Bidding!