Online Auction Software
Branded solution for digital business and online auction platform. Whether you lean towards software for an online auction or marketplace, you get a full suite of tools to implement your dreams into an emolumentary blooming business.
Auction Types Guide
Here are the key characteristics of auction software models. You can pick the software in its standard form or modify it, combining it with another model or editing some features.
Auction types
Auction types
Classic auctionAuction types
Reverse AuctionAuction types
Reveal AuctionAuction types
Dutch AuctionAuction types
Penny auctionAuction types
Unique bid auction
Types of Auction Software
Novice and mature entrepreneurs can look through this classification of the auction software to choose something to their purse and liking.
Classic (English) Auction
It is a familiar type of traditional auction software to buy and sell any goods or services permitted by the country of placement. With every new bid, a starting price increases. The auction is complete as soon as the time goes up. To make sure the outcome will be advantageous for the seller, they may set a reserve price, that is the minimum price a seller is ready to offer their products for.
Penny Auction
It is the platform for a low bid auction. Here, a commodity or service goes at a minimum cost. Every bid is fixed, that is price development cannot be chosen by participants. Each of them has to pay a fee or buy a fee package to partake in the event of bidding. Every new bid relaunches a timer.
Reveal auction
This form of auction software presupposes that participants do not know the bets of other participants and their quantity. In some subtypes, a bidder offers the price only once. In others, participants are aware of the current maximum bid without any information about its bidder revealed. At the end of an auction, all bets are displayed.
Reverse Auction
In this auction software, the roles of buyers and sellers switch. Here, customers announce what they want to buy, and suppliers exhibit their offers. Thus, it is not buyers who try to outbid one another but sellers. The price slashes automatically, so no one can guess when it might occur.
Reverse Dutch Auction
This auction format is based on the price reduction. At first, an auctioneer announces an excessive starting price. If no participant is willing to purchase this lot at a given cost, the auctioneer shaves it until someone blows in to buy it. It is worth mentioning that you cannot state a reserve price.
Unique Bid Auction
The key feature of this auction software lies in its singularity. It can be either the highest or lowest bid, depending on stated prerequisites. Participants offer their prices, preliminary paying contributions to bid. During this auction, a program shows the position of a partaker’s bid in relation to others’.
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How the program works and how to start it
Merkeleon Internet Auction Software encompasses contemporary technology, on-trend design, and stepped up performance. With more than a decade of experience, it has implemented its niche system for individuals, companies, and corporations, adapting their work to online use.
This product is well prepared for a launch, with opportunities for customization and modification. The management interface offers a balanced combination of simplicity and innovation. Plus, extra features, innovative modules, and instruments lift this soft to the market eminence where the creme de la creme reign.
It is a platform that brings buyers and sellers together. Here, a seller posts information about a purchase, and a buyer participates in the announced competition, following the preset rules, like submitting applications, making price offers, concluding contracts.
If you want to run an online marketplace, all you need is to apply to this manageable Merkeleon program. Among its central features are the security of transactions; a multitude of paying solutions, including crypto; user-friendly customizable interface; internal eCommerce inventory for promotion.
It is an online platform where users bid to win lots that are available for a limited time. Its prominent feature is its global nature that provides access to clients from any corner of the world, thus expanding geography and customer base.
Merkeleon auction software uses a novel approach on the market for launching online auctions for any business. During more than 10 years of diligent endeavours, this flexible eCommerce program has yielded profit to customers worldwide, not merely establishing top-rated online auctions but also introducing great eCommerce trading portals in the mould of eBay.
What is Auction Software?
It is a bleeding-edge application to arrange auctions via the Internet. With this online software, in an auction, bidders and auctioneers come into contact with one another to obtain the most palatable conditions to cut deals.
With the implementation of Merkeleon Auction Software, you will get access to myriads of potential sellers and customers ready to cooperate and interact. This online software makes any auction available remotely, with a time limit regularly provided. Moreover, you can introduce various trading schemes, namely:
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C2C
Customer-to-Customer
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G2C
Government-to-Customer
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B2G
Business-to-Government
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B2C
Business-to-Customer
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B2B
Business-to-Business
Вenefits of Auction Software
Apart from the overt strengths of such programs as globality, time, and trading methods, Merkeleon Auction Software has even more silver bullets to offer.
Mobile Responsive
24/7 Support
Easy Catalogue Editing
Currency
Secure Online Payments
Multi-Language
Tools for Management
API Suite
FAQ
How much does auction software cost?
Generally, turnkey software is a well-balanced product, with regard to the quality and price. The fee for implementation of every other type of auction, however, may slightly differ. Basic solutions start at 5,000 EUR for setup, with only one trading model that can further be extended. To get a broad consultation and an approximate price for your auction software, contact us.
Who are the auctioneers?
According to statistics, these are the residents of urban areas who site some online auctions using this software. An average active bidder is a middle-aged university graduate who works as a qualified specialist, goes online every day, and shops from home.
Can bidders conspire?
The software for online auction technology reduces this risk to a minimum through multiple managerial programs that approve bids within seconds. In addition, a host can place bid limits.
What is the purpose of auction software?
Online auction utilizes its software to build itself into a digital system where buyers and sellers meet. Such cooperation brings fruit to every party in this chain: a merchant gets their profit from sales, a client collects their desired item, and an auction software provider gains fees from merchants.
Are these biddings valid?
All documents are signed by participants with an electronic signature, which guarantees legal force just like paper documentation. This makes it easy to manage all data related issues in case disputes occur.
What is the best auction software type?
There is no univocal answer because every software system for an online auction serves different purposes, for example, a Dutch type may be a perfect way out if your platform specializes in selling goods at a minimal cost.
What is the future of online auctions?
As the world is striving for new programs to close deals in a digital environment, auction software is more in demand than ever. Thus, it is prudent to acquire software tools for online auction and start something as flourishing as eBay. The quicker you jump on the bandwagon, the more prosperous future awaits you.
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