Auction Script

Auction is the process of selling goods to the most offering customer who participates in the auction process and places highest bid. In online auction, bids are nothing but minimum incremental amount that can be added with the current price of the product. The user has to participate in the option before the count down timer reaches zero.

Online auction are conducted based only on the security and stability of the site. The auction website is maintained by the administrator such that it enhances the best user experience. The front end options that are provided to the end user is controlled by administrator using back-end settings.

  • Multiple bidding types

    The auction script provides multiple bidding option for users such as beginner auction, penny auction, peak auction, and buy now option. The script is stable and supportive for different kinds of option such that it leads to more conversion on the site..

  • 1. Penny Auction

    The penny auction is the most common and normal bidding that allows the users to buy the packages such as Silver, Gold, and Platinum to maintain the balance amount in the account. These package amount can be set using the back-end settings panel which also fixes the minimum bid increment value. The bidders can place the bid while the timer counts the time. The timer is reset when a bid is placed. The bidding winner will be the last bidder who bids when the timer goes zero and there is no one to bid.

  • 2. Beginner

    A new member is eligible as Beginner to enjoy the low bids with low account amount. This option is valid only upto 30 days from registration, after which he becomes an old member like other bidders. He also becomes an old member if he wins an auction within 30 days.

  • 3. Peak Auction

    The auction will be on the live only for the fixed peak hours daily (Ex: 8 to 6:30), as set by the administrator. It will begin at start time and close at end time, and resume again on start time the next day.

  • 4. Lowest Unique

    In lowest unique bidding, the default range for bid increment is fixed by the admin which can be chosen or can be entered manually. When a user places a bid using 'Bid me' option, user can choose the minimum increment amount or the bid amount which will not be known to other bidders. The amount is deducted from his account while it is incremented with the bid value. The person who has made the lowest bid in the list is announced as winner after the closing time.

  • 5. Highest Unique

    In highest unique bidding, the default range for bid increment is fixed by the admin which can be chosen or can be entered manually. When a user places a bid using 'Bid me' option, user can choose the minimum increment amount or the bid amount which will not be known to other bidders. The amount is deducted from his account while it is incremented with the bid value. The person who has made the highest bid in the list is announced as winner after the closing time.

  • 6. Clock Bidding Type/ Dutch Bidding Type

    An auction process where the bidding starts with a high asking price that is set by the auctioneer. The product is bought when the participant purchases the product at the price set by the auctioneer or when it reaches a predetermined reserve price which is the minimum price set by the auctioneer. In Clock auction, the timer runs count up.

  • 7. Scratch Bidding Type

    Scratch bidding type contains only a starting date to begin the auction without end date. Here the product's price gets reduced by certain units when the participant clicks or scratches the Scratch option. Also a specific time period will be set, within which the product has to be purchased otherwise an alert message "Time Over"

  • 8. Reserve Bidding

    This is an interesting bidding where the participant doesn't make a single bid, but does multiple bid. It assigns the Unieauction to do the bidding as per a criteria. This particular criteria will be kept secret from other bidders and they will never be aware of it until the bidding process gets over.

  • 9. Cash Back Bidding

    Here the winner gets back the entire cash that he or she has used in bidding. The next two consecutive bidders get 50% and 25 % of their cash back. The winner not only gets the product but also gets the cash that he has spend in the bidding, while the second last bidder gets 50% and third last gets 25%.

  • 10. Seat Auction Bidding Type

    Here the site admin will define a given number of seats in the Admin panel. To take part in the auction process, the participant has to purchase a seat which has a fixed value. Only limited seat takers can participate in the auction The participant will not be charged for placing bid in that auction and the given seat cannot be used for other product's auctions. The product will be available for bidding only within the end date.

 
Receive a Free Custom Quote! Submit details
  •  
  •  
  •  
  •  
  • jffvv