Excess Inventory
Everything has value. Find better buyers and turn your excess inventory into cash through our B2B auction platform.
A win-win for your business and the economy
Online auctioning is one of the most profitable and sustainable ways of dealing with excess inventory. WeAuction’s B2B auction platform helps you find better buyers, reduce waste and maximise your return on excess, returned, refurbished, or liquidated merchandise. Implement our software to run public and private auctions on your own website, or simply use our resale channel.
What WeAuction offers you
No spreadsheets, and no more endless calling, e-mailing and negotiating.
Optional private auction: products are sold in preferred channels and locations.
Auctioning increases recovery rates by up to 30% compared to legacy solutions.
The time of selling excess inventory is reduced by 50%.
SaaS-enabled features, from selling your products to collecting payments.
Guaranteed sales to screened buyers.
Move your inventory quickly and easily
In the land of retail inventory, time is money. The longer surplus stock sits in your warehouse, the higher the costs. Move your inventory more quickly by automating the liquidation process. Through our easy-to-use platform you can auction off your excess inventory in just two weeks.
Improve your recovery rates up to 30%
WeAuction is the world’s largest private B2B marketplace for returned and excess inventory and truckload liquidation, connecting leading retailers and manufacturers to vetted business buyers from all over the globe. Our partners achieve the highest possible recovery rates for secondary-market merchandise across all categories, conditions, geographies, and quantities.
Features
- Multiple bidding systems
- Private bidding environment
- Controlled buyers audience
- All-automated, from upload to collecting payments
- API-connection with your ERP
- Customised look and feel
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Any terms and conditions that I should follow as a seller?
Yes, we encourage all current and prospective buyers and sellers to familiarise themselves with our basic Terms & Conditions. -
Do I need to include images of my inventory?
Sellers are highly encouraged to provide photos of both packed pallets and as many of the actual items as is practical. Even though you're able to use stock photography to feature a listing, we only recommend you to do so for items in new condition. -
How should I portion my lots?
We’ve handled lot sizes from single items to full railcars, but sellers usually choose to list lot sizes ranging from pallet to truckload. A full truckload is approximately 24-26 pallets of goods, and a less-than-truckload (LTL) lot will be as many as 12 pallets. The footprint of a standard pallet is 48” x 40” with the heights varying based upon the contents. Keep in mind that depending on the inventory type, a pallet could contain anything between a single large item (like an appliance) to several thousand small items (such as jewellery). Whenever possible, include a rough estimate of unit numbers in your listing. Note that while large lots might be more efficient for your operations, they are often less attractive to smaller buyers. We recommend experimenting with lot size to see what attains the best auction results. -
Does WeAuction buy inventory?
WeAuction only facilitates sales between parties and does not buy, own, or hold any inventory. -
What information do I need to provide when listing my lots?
Information that must be included on each submitted manifest: lot name; lot description; lot size or item count; estimated retail value; lot location; shipping type and price. Buyers like to know what to expect. Normally, the more descriptive your listing, the better results you’ll achieve. -
What types of inventory can I sell through WeAuction?
A wide variety of goods are sold on the B-Stock platform. Certain exceptions are not allowed. The best chances of a successful auction can be found in inventory in the following categories: Apparel, Footwear & Accessories; Appliances; Cell Phones; Consumer Electronics; Furniture & Home Decor. -
Do I need to manually launch and manage all of my auctions?
No, WeAuction offers the ability to set automatic start times for your auctions. Many of our sellers have found this feature to be very useful when establishing a consistent auction cadence to engage buyers in targeted regions. -
Who pays shipping? Is it included in the purchase price?
Either the buyer or seller bears the shipping costs, depending on the selected shipping type of the particular lot.
You're in great company
2.1 billion
We've auctioned more than 2.1 billion dollar (GMV)
Pick a plan that works for you and get started today
Everything you need to sell your excess inventory and automate your liquidation program.
Save 10% by paying annually
Get Started
Please fill in the form to get started, within 48 business hours you will receive a contract in your mail.
Get Started
Please fill in the form to get started, within 48 business hours we will contact you to qualify your buyers.
Get Started
Please fill in the form to get started, within 48 business hours we will contact you to qualify your project.