For buyers
Buy from new suppliers without paying blind.
Veraloop by Agave Networks holds your money with a licensed escrow partner and releases it only when cameras and AI confirm each step.
Chat on WhatsAppThe problem
Paying a new supplier upfront is a gamble.
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Buyer
You pay first and hope.
Buying from a yard you have never met means paying upfront. If the metal never ships, your money is gone.
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Buyer
You cannot see what is in the container.
The grade can be wrong. The weight can be short. You find out when the container opens, long after you paid.
Six steps
Six steps. Your money moves only on proof.
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Matched
Buyer and verified supplier agree a contract: material, grade, tonnes, USD per tonne, dates.
- You see
- The supplier's verified badge and yard record.
No money moved
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Funded
The buyer pays in. The licensed escrow partner holds the money. Nothing goes to the supplier yet.
- You see
- Funds held, with the escrow reference.
Held in escrow
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Yard check
Material is photographed at the yard. AI checks type, grade and contamination against the contract.
- You see
- Photos and the grading report.
Still held
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Loading recorded
4G cameras record loading into the container. Every clip is linked to the shipment.
- You see
- The loading clips.
Released on loading
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Shipped
The bill of lading is issued. Shipping documents are checked against the contract.
- You see
- Bill of lading and documents.
Released on documents
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Delivered
The container arrives. The buyer confirms against the evidence pack.
- You see
- Everything you paid for, proved step by step.
Released on delivery
If the supplier misses contracted dates, any money still held goes back to the buyer. The exact stages are set in your contract.
Trading companies
Find new supply for your mills without the upfront risk.
You source scrap for mills. New yards mean better prices and more supply. But a first deal with a yard you have never met is a risk you cannot price.
With Veraloop the money is held by a licensed escrow partner and released only on proof. You can open new supply without betting your margin.
I'm looking for verified scrapWhat changes for a trader
- Try a new yard without paying upfront.
- Grade checked against the contract before loading.
- Loading clips and shipping documents for your mill.
- Any money still held comes back to you if dates are missed.
Mills and foundries
Buy closer to the yard, with proof of what's in the container.
Buying direct from yards cuts out a layer of margin. It also means dealing with yards you have never met.
Veraloop checks the material at the yard and records the loading. You see the grade and the contamination before the container ships.
I'm looking for verified scrapWhat changes for a mill
- Metal type, grade and contamination checked at the yard.
- Photos, grading report and loading clips before shipment.
- Money released only as each step is confirmed.
- Disputes handled under the terms in your contract.
Evidence pack
What you receive with every deal.
Every release of money has evidence behind it. You keep all of it.
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Yard photos
Photos of the material at the yard, before loading.
Step 3 · Checked at the yard
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Grading report
The AI check of metal type, grade and contamination against your contract.
Step 3 · Checked at the yard
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Loading clip
The 4G camera recording of loading into your container.
Step 4 · Loading recorded
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Bill of lading
The shipping documents, checked against the contract.
Step 5 · Shipped
Units and grades
The units and grades we use.
Contracts on Veraloop use the trade's standard units and grades. The grade in your contract is what every check is measured against.
- Tonnes
- Metric tonnes, 1,000 kg each.
- USD per tonne, CFR
- The price per tonne, including cost and freight to the destination port.
- Containers
- Material ships in sea containers. Loading is recorded container by container.
- HMS 1&2 (80:20)
- Heavy melting steel, grades 1 and 2, mixed 80:20 by weight.
- Shredded
- Steel scrap shredded into small, dense pieces.
- PNS
- Plate and structural steel scrap, cut to size.
Questions
Questions buyers ask.
Who holds the money?
A licensed escrow partner holds the buyer's money. Veraloop never holds it. It is released in stages, only when each step is confirmed.
When does the supplier get paid?
In stages, as each step is confirmed: on recorded loading, on shipping documents and on delivery. The exact stages are set in your contract.
What if the supplier never ships?
If the supplier misses the contracted dates, any money still held goes back to the buyer.
What if the grade is wrong?
Every grade is checked against the contract before money is released. If there is a dispute after delivery, it is handled under the dispute terms in your contract.
How accurate is the AI grading?
Over 99% accurate in testing for metal type. Grades steel scrap with 93% accuracy. Estimates contamination within about 4 percentage points. Results from testing. Accuracy varies with conditions; every grade is checked against the contract.
Which materials and markets do you cover?
Steel scrap first, such as HMS 1&2. UK yards selling to buyers in India and other markets. More materials and routes follow.
Is Veraloop live now?
Early access is open. Your first deal is run with our team. Tell us about your trade and we contact you within 2 working days.
What does it cost?
Early access is free. When you trade, Veraloop charges a small fee per completed deal. We will confirm the exact fee before you sign any contract. No hidden charges.