Summary

• Sellers can list their assets for sale as auction listings or classified (fixed price) listings
• Buyers can engage with Sellers by making bids or offers on a Seller's listing
• Buyers normally need to be accepted by the Seller into an auction before their bid is approved
• Sellers do not have to accept any offer unless it meets their requirements
• Listings can be made confidential under a Non-Disclosure Agreement (NDA)
• Once an auction's current bid price meets or exceeds the listing's reserve price or an offer is accepted for a classified listing, a Deal Completion Area is created from the existing conversation between both parties and the payment process can begin
• Buyers and Sellers transfer assets and access between each other, Flippa does not take part in any transfer
• If either party has any concerns about a transaction, a listing, or another user, they should contact Flippa directly to seek assistance and support

Details

Flippa is an online marketplace that facilitates the meeting of buyers and sellers for the purpose of buying and selling digital assets and businesses.

Sellers create listings of the asset or business that they wish to sell and then chose to sell them as either a 30 day auction or a classified, selecting a minimum reserve (auction) or minimum asking price (classified) that they wish to sell for.

• Auctions last between 3 and 30 days.
• Classifieds have no end date.

Listing fees apply for either sale type*. More information about fees and charges can be found here Fees and Fee Payment, Charges and Pricing

Regardless of the sale type, all listings must comply with our prohibited content policy found here Prohibited Content and all users must comply with our banned behaviour policy Banned Behaviour

In auctions, buyers place bids and once the bids reach over reserve the buyer with the highest bid purchases the asset or business. Please see this article for more information about bids in auctions: How can I manage/ accept/ reject bids in my auction?

More details of how an auction works can be found here How does an auction work?

In classifieds, buyers make offers to the seller. When the Seller receives an offer they are happy with, they accept that offer and the buyer purchases the asset or business.

A summary of the differences between auctions and classifieds can be found here: What's the Difference Between a Public Auction and a Private Sale (Classified)?

After a sale completes (a buyer has purchased the listing either through a classified sale or an auction Sale), the payment and asset transfer process starts.

• Payment can be made either through Escrow.com or PayPal
• Please review our Escrow article for further information about escrow services on Flippa.
• Assets are transferred between the Buyer and the Seller, and Flippa does not get directly involved, however we're happy to provide some advice. Please see here for more information on Does Flippa help with asset/ business transfer?

If anyone has any issues or concerns with any sale they are involved in, Flippa will try and help. Please reach out to our Support team via help@flippa.com with details of the concern and we will contact you as a priority.

* Domain classified listings created via the Domain Portfolio feature have no listing fee, but Flippa's Success Fee applies.