Why This Software?
Multiple Auction Types: Our software supports four unique auction types, ensuring maximum engagement and profitability, like:
- Lowest Unique Bid: Lowest Unique Bid Auction is a type of bidding system where the bidders can bid multiple times between a specified range by paying bidding fees in (coins) (as declared by the person who listed the auction) to find the lowest & unique bid. The Bid which is lowest as well as unique after the auction ends wins the auction.
- Highest Unique Bid: Highest Unique Bid Auction is almost same as Lowest Unique Bid Auction, but the difference is that. In this auction the Bid which is highest as well as unique after the auction ends wins the auction.
- Highest Bid Winner Auction: Normal Auctions is a type of bidding system where the highest bid wins the auction, with every bid the price of the item increases and after the auction ends, the highest bidder wins the auction.
- Penny Auction: Penny Auctions is a type of bidding system where with every bid the price of the item as well as the time increases by certain amount (as declared by the person who listed the auction) and after the auction ends, the highest bidder wins the auction.
How does it work?
In this software, there are 3 main panels: User Panel, Admin Panel, and Merchant Panel.
- Admin Panel:The Admin is the boss of the entire platform, managing settings, user permissions, and system configurations. Admin has full control to:
- Set commission rates that merchants pay for sales made through auctions or item listings, ensuring a sustainable ecommerce ecosystem.
- Monitor and manage user activities, ensuring compliance with auction policies and ethical standards.
- Access comprehensive analytics and reports to track auction performance, user engagement, and revenue generation.
- Integrate new payment gateways and configure currency settings to facilitate global transactions.
- Implement security measures to protect user data and maintain trust within the auction community.
- Merchant Panel:Merchants are sellers who utilize the platform to list items for sale through auctions, or direct purchases. They benefit from:
- Easy item listing process with options to set auction durations, starting bids, and reserve prices to attract bidders.
- Access to a wide audience of potential buyers, facilitated by SEO-optimized item descriptions and category placements.
- Ability to track auction performance and adjust strategies based on analytics provided by the platform.
- Reports based on sales achieved through the platform, ensuring fair revenue sharing.
- Integration with marketing tools and promotional features to enhance visibility and sales opportunities.
- User Panel: Users engage with the platform as bidders or buyers, participating in auctions or purchasing items directly from merchants. They enjoy:
- Auction:
- Interactive Bidding Experience:
- Real-time updates on auction status.
- Notifications on bidding activity.
- Secure Payment Processing:
- Multiple payment gateways.
- Support for various currencies.
- Ensures seamless transactions.
- Detailed Item Descriptions:
- High-quality images.
- Enables informed purchasing decisions.
- Bidding History Tracking:
- Options to track bidding history for ongoing auctions.
- Shop:
- Items listed by admin or merchant for sale are shown here.
- Users can purchase items using multiple payment modes from here by paying the sale price
