Novanty enables Buyers to purchase tangible assets as a group, then sell those assets– hopefully for a profit.   When participating in a Group-Buy, Buyers are not purchasing equity in a business, notes promising interest on a loan, or other traditional forms of securities.  After consulting counsel and studying this issue extensively, Novanty takes the position that Group-Buys are not securities.

No, the price you pay per unit is likely subsidized in some way through Novanty’s process. You are actually many times paying significantly less per unit than the business normally did.

Not by default. If the Business named in the contract does not buy all of your inventory within the agreed upon time, we will ask you what you want us to do with it. If you chose to have the inventory shipped to you, you will be responsible for any shipping and handling costs.

The Business is under contract to buy every unit of inventory from every Buyer within a set time frame stated in the Group-Buy. Every Buyer is added to the Sell Order list along with their inventory. The Business will buy from this list in order until every Buyer has sold their inventory. The higher you are on the Sell Order list, the sooner you should see your return.

Yes. To move yourself up the Sell Order list, simply reduce your Sell Price. This will mean your ROI is lower, but by doing this you could get your return significantly faster. Not only are you moving yourself up the list that the Business purchases from, other Buyers who might have missed out on the Open Buy period can purchase inventory from you off that same list during the Buyer-to-Buyer period. It is very possible for you to sell your inventory for a great profit within minutes of initially buying it.

If you buy during the Open Buy period, you are pooling money together with like minded people to buy directly from the actual supplier. If you buy after the Open Buy period, you are buying from another Buyer who is agreeing to accept less than they have too in order to sell their inventory faster.

If not enough inventory is sold during the Open Buy period, the transaction cannot happen so the Blanket Purchase Order is never made with the supplier. All Buyers that may have pre-ordered inventory will be refunded.

It is your inventory, so it is generally up to you. In the event that a Business defaults, we will let you know your options. Some of these options could be to send your inventory to you, keep it in storage and give the business more time, ask Novanty to liquidate it, etc.

Yes, you can sell your inventory to other Buyers at any time as long as you and the other Buyer still comply with all the same Terms and Conditions as well as the terms named in the Group-Buy. If the Business fails to purchase the inventory, then you can sell your inventory to anyone or keep it for your own use.

Create a Buyer account, then use credit card or Paypal. Note that these service providers do charge a fee. This fee will be deducted from any pay out we send you. You can alternatively perform a wire transfer or send us a check, but we require any payment to clear before you are allowed to use it to buy inventory.

You must discuss this with your CPA as your situation or locality may be different than others.