Terms and Conditions
These terms govern your use of our platform and outline how we operate as a B2B industrial scrap auction marketplace. Please read carefully.
1. Our Business Model
Ultimate Recycling Inc. operates strictly as a B2B digital marketplace and logistics intermediary for scrap materials. We are not a direct buyer or seller of inventory; rather, we facilitate secure transactions between qualified sellers and buyers while protecting relational confidentiality and handling freight logistics.
Secured Payments
Buyers are charged immediately upon auction close. Sellers receive payout only after our certified inspection confirms the material matches the listing. Mismatches trigger a full buyer refund and a seller penalty fee.
Logistics Middleman
We coordinate pickup, dispatch routes, and carrier delivery. Buyers and sellers never interact directly.
Quality Verification
Material is photo-inspected and scale-weighed twice (at pickup and delivery) to ensure description matching.
Anonymity Guarantee
We broker every transaction under lot ID codes. Corporate names and contact credentials are never shared.
2. Account and User Responsibilities
2.1 Account Eligibility
To register an account, you must represent a valid corporate business entity, hold an active state business license, and provide tax registration (EIN). Individual consumers are not eligible to transact.
2.2 Seller-Specific Requirements
Sellers must guarantee that listed materials are free of liens, are legally owned by the company, and do not contain hazardous substances outside standard scrap thresholds. You must provide access to your facility yard during standard hours for carrier pickups.
2.3 Buyer-Specific Requirements
Buyers must maintain active commercial bank accounts or corporate cards on file and maintain adequate credit limits. Winning bids commit the buyer to payment capture, with no option for backing out.
3. Auction Rules and Procedures
3.1 Lot Creation and Reserve Prices
Sellers can establish minimum acceptable "Reserve Prices" during listing creation. If the final competitive bid closes below this reserve, the seller is not obligated to transact.
3.2 Bidding Rules
All bids represent pricing either per-pound (PER_POUND) or per-unit (PER_UNIT). We enforce strict soft-close anti-sniping policies: any bid placed within 5 minutes of closing automatically extends the timer by 5 minutes.
4. Payment and Settlement
Upon auction close, the winning buyer is charged immediately. The seller does not receive payment until our certified inspector weighs and verifies the material against the listing description. If the material matches, seller payout is initiated within 1–2 business days. If the material does not match — in weight, grade, or quantity — the buyer receives a full refund and the seller is charged a penalty fee.
A standard B2B commission fee (typically 2.5% of final trade value) is deducted from the seller payout before funds are disbursed. Penalty fees for listing misrepresentation are assessed separately and are non-negotiable.
5. Logistics and Delivery
Our carrier network schedules pickup within 1–3 business days. Weights are certified at the seller's facility gross/tare matrix, and double-checked at our regional delivery hubs. Buyer takes legal ownership of material once pickup is signed.
6. Buyer–Seller Anonymity
Sellers and buyers must not include contact details, phone numbers, or corporate branding marks inside public listing descriptions or photos. Any attempt to bypass platform payment processing or share credentials will trigger immediate account suspension.
7. Dispute Resolution
In the event of weight or material grade discrepancies, you must submit a dispute log within 48 hours of shipment arrival. Seller payout will be withheld pending resolution. Our neutral inspectors review weight tickets and photos. If the discrepancy is confirmed, the buyer receives a full refund and the seller is assessed a penalty fee. Decisions by our arbitration panel are final and binding.
8. Limitation of Liability
Ultimate Recycling Inc. is not liable for indirect, incidental, or consequential damages resulting from transaction failures, transportation delays, or material disputes. Our maximum liability under any claim is capped at the total commission fee collected on that transaction.
9. Termination
Either party can terminate their platform registration with a 30-day written notice. Account deletion is subject to the completion of all active auctions, pending carrier shipments, and outstanding payment resolutions.
10. Amendments
We reserve the right to amend these B2B terms at any time. Changes will be posted to all registered accounts via email or system notification 15 days before they become active. Your continued use of the platform after updates indicates consent.