How does bidding work?

How does bidding work?

Buyers can browse active listings on the Marketplace and submit a bid specifying desired price and quantity.
Buyers can also indicate willingness to receive a partial order in the event of rapidly diminishing inventory in an active trading scenario. Buyers can also cancel unaccepted bids within a 5-minute window.

Sellers view bids receive on their own listings and can Accept, Reject or Counter. Bids above the preset reserved price are auto-accepted. Bids and counter-offers expire within 60-minutes in a case of no response. 
Bid that are accepted, result in confirmed transactions. Sellers and buyer have a 5-minute affirmation window during which they can cancel the trade with no penalty. If neither party takes action within this window, the trade is confirmed.
Once the trade is confirmed, contracts are generated for buyer and seller signature.

    • Related Articles

    • Is there a messaging or chat system for negotiations?

      There is no direct messaging or chat system for negotiations. All negotiations are handled through the built-in bidding and counter-offer system during trading hours NYSE.

    • Can I upload my own lab reports or cupping scores?

      Yes, Kaffea-X works with a network of SCA certified Q-grading agencies to ensure quality and authenticity of reports. If your independent Q-grading agency is not listed on the platform, you can request its inclusion by emailing listings@kaffeax.com ...