Advice for a new member?

**scrapyt** · 02-20-2021, 08:17 AM

Hello, Tim here. I'm located in NE Kansas. I joined the forum to Expand my recycling knowledge and to hopefully find a Honest, dependable buyer for aluminum wheels, Radiators, converters, cores. I usually only sell in large quantities and always done so local to me. I have Been burned too many times and have my reservations about shipping & payment. I look forward to you're responses. Thanks for reading.

1. Those of you with experience, what advice do you have for me?

2. How does the long distance buyer/seller relationship work?

**Patriot76** · 02-20-2021, 01:24 PM

Welcome to SMF.

As far as the cats, I would recommend you contact APA on this forum. I have not done business with his directly, but he has a good reputation on the forum and you might find shipping thru Govern would be beneficial to you. I do not know your definition of long distance, the closest yard to me is 60 miles one way. I have sold loads in Omaha which is over 300 miles away. I have also sold loads over 15 hrs. away. These deals are finalized before I hit the road.

Most scrap yards do not care about the distance you travel, just the quality of your load. With the loads you are talking about, this would be one strategy.

Be honest with what you have, under promise and over deliver.
Take pictures of a load and ask for a price. Try to a lock in on the price for 24 hrs. You can do this with several yards and select one based on price, distance, professionalism, etc.
From experience, yards on the river (access to barges in the spring), those near RR hubs (access to last minute gondola cars), and those with large contracts with foundries offer the most competitive pricing.

**alloy2** · 02-20-2021, 01:47 PM

What Is Escrow and How Does It Work?

1

A ScrapMonster escrow transaction begins with both the buyer and seller agreeing to the terms of the deal. Both parties formally sign an escrow Contract, which acts as a binding document on the transaction. Acerium acts as a trusted neutral third party throughout the deal.
The buyer wires funds into an escrow account. The funds are secured and fully insured as per U.S. Law.

2

The seller then ships the material and sends copies of the shipping documents to the buyer and Acerium. The buyer reviews the shipping document copies to ensure they comply with the terms outlined in the escrow Contract. If discrepancies arise, the buyer and seller may mutually agree to amend the contract; unlike a letter of credit, there are no additional fees for amendments.

3

Once the buyer and seller are agreed on the contents of the shipping document copies, the seller sends the original shipping documents to Acerium. At this point, both the buyer and seller are completely protected by Acerium, and neither party may default on its side of the transaction.

4

Acerium then simultaneously releases funds to the seller and the approved shipping documents to the buyer. This flow is similar to a letter of credit, as a supplier must submit original documents to be paid. However, escrow is much faster and cheaper than a letter of credit process, especially since the transaction only uses a single neutral counterparty rather than multiple banks.
In some cases, a buyer and a seller cannot come to an agreement on a discrepant transaction. In this case, the parties may elect to have an independent arbitration determine the settlement of the funds.

**APA** · 02-20-2021, 06:52 PM

If you have large quantities, I can come to you and buy everything at your location. Smaller quantities of converters I can meet you half way.
878-207-6242 is my cell. Call/text anytime.

Originally Posted by scrapyt

Hello, Tim here. I'm located in NE Kansas. I joined the forum to Expand my recycling knowledge and to hopefully find a Honest, dependable buyer for aluminum wheels, Radiators, converters, cores. I usually only sell in large quantities and always done so local to me. I have Been burned too many times and have my reservations about shipping & payment. I look forward to you're responses. Thanks for reading.

1. Those of you with experience, what advice do you have for me?

2. How does the long distance buyer/seller relationship work?