Reveal price
Auction Software
Each participant in this auction can independently look at the current price for a small fee rate. At the same time, the price of goods decreases with each such viewing by a certain amount up to the one to which the first buyer agrees. The buyer who views and agrees to buy becomes the winner of the auction and the owner of the lot.
All in 1 Solution
Intuitive interface of the auction platform provides flexible and convenient
system administration which allows the platform operator and their users to hold
auctions and close deals..
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Gamified bidding
process
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Crypto and Fiat payment
methods
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Flexible content management system
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Custom bid
packages
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Buy-now
prices
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Comprehensive
communication system
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Advanced marketing
tools
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High level of
transparency
-
Any design
is possible
Reveal price auction presentation & Demo
General Features
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Unlimited number of
users and products
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Flexible commission
settings
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Integration with
payment systems
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Analytics system
integration
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Multilingual
interface
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Data export and
import
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Hidden or transparent
participants list
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Mobile
friendly
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Emails and SMS
alerts
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Different reverse
types available
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Auction blog
feature
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Finance
management
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Login via
social networks
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Fiat and crypto
currency support
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IIntegrated CRM and
reporting system
Advantages of a dutch auction with hidden price
Nontrivial auction model
Reveal price auction is not the most well-known in comparison with others. It gives a wonderful opportunity to occupy a free niche.
Quick and simple to implement
Easy to understand for bidders, easy to manage for the owner. Merkeleon platform is intuitively simple for the administrator and convenient for the users.
High level of transparency and clearness
The process is easy to understand. Each bid lowers the price, and a bidder just needs to decide the most comfortable price for them to buy and hurry to press the button.
Buyer gets the benefits at first, realizing the main advantages of such a deal.
Internal virtual money account
Makes it possible to organize one more channel of traffic rise. The administrator can build affiliate networks, bonus systems and channels.
Fixed price addition
Opportunity to add fixed price sales apart from the auction within one auction.
Major concepts of a dutch auction script
Start price
Usually lower or equal to the retail price of the item which attracts users at once
Price decrease
Price goes down to a specific level every time set up by the auctioneer (dutch auction) or it is viewed by the participant (price reveal auction).
Charge for bids
To see the price, the user has to spend a bid which costs a fee (price reveal auction). Can be also used in the open Dutch auction (but not required).
Winner
The item is sold to the participant who first decides to buy it when they see the price
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