Questions insurance companies ask

Nothing. Registration, listing, extending a listing, and recording your decision are all free to the company. We are paid by the buyers, out of charges taken when a listing is settled.

There is one exception, set out under "if we refuse every offer" below.

On the company registration form, using an official email address. Each address registers once and becomes the sign-in for whoever uses it. A company may register as many addresses as it likes, for different offices.

The UPI id is where we send you the buyer's earnest money when a sale goes through, which is quicker and cheaper than a cheque. The GST number is for our records and for any invoice that concerns you.

Yes, and so is every offer you receive. The figure you put in as the expected price, and the amounts buyers offer against it, are all taken to be inclusive of any GST on the sale of the item.

So work the tax out before you set the figure. If an item is worth Rs 100,000 to you net and the tax on it is 18%, the expected price to put in is Rs 118,000 — not Rs 100,000 with the tax to follow. Nothing is added to an accepted offer afterwards.

Read the offers the same way. An accepted offer of Rs 125,000 is Rs 125,000 in all; the tax on the sale sits inside it and is yours to account for.

This is about the sale of your item, which is between you and the buyer. Our own charges are separate, are also inclusive of GST, and carry our invoice.

The description, the pictures, where it lies, the expected price, and the closing date and time. You may add your own terms as a document, which buyers are shown.

The expected price matters: the earnest money a buyer must place is 15% of it, so a realistic figure draws realistic buyers. Put it in inclusive of GST, as the answer above explains.

Only a registered buyer whose earnest money for that item, 15% of the expected price, is already with us and confirmed against our bank. Nobody can offer without it.

Yes, on the listing itself and from your own account. Every offer must beat the one before it, so the top figure is the best on the table at that moment.

Yes, at your discretion. An offer in the last five minutes also moves the close five minutes later by itself, until five minutes pass quietly, so a late rush does not shut anybody out.

Sign in and record your decision: accept one offer, or refuse them all. You see every offer with the buyer's name and contact details. The buyers are told by email, and the one you accept is put in touch with you.

If nobody bid, the listing simply lapses and there is nothing to record.

The winning buyer's earnest money, less our 1% charge to him, is sent to you by UPI as part payment towards the item. You settle the balance with the buyer direct, on your own terms.

The earnest money is already with you, and you keep it. That is what it is for.

Only in one case. If the best offer was more than 90% of your expected price and you still refused every offer, the buyers are charged nothing and refunded in full, and the company owes Rs 100 for each bid placed on the item.

Below 90%, refusing costs nothing: you are entitled to decide the offers are too low.

Yes. Any registered insurance official may open the final result of any closed listing on this site, its own or another company's, and see every offer with the buyers' details.