Timed auction software

Discover the power of timed auction software in managing online auctions. Learn how automated bidding, flexible auction settings, and real-time tracking boost bidder engagement and streamline auction operations.

Automated Bidding

Timed auction software supports both static and automated bidding. Bidders can place their maximum bid, and the software will automatically increase their bid incrementally to outbid other participants until the set limit is reached. This feature reduces manual intervention while ensuring competitive bidding.

Customizable Time Frames

The internet auction software allows auctioneers to define specific start and end times for each lot, providing flexibility for different auction needs. Whether it’s a few hours or several days, auction times can be set to optimize participation and engagement.

Real-Time Bid Tracking

Bidders can monitor auction activity through live updates on the current highest bids, remaining time, and lot status. This real-time tracking keeps bidders engaged and encourages competitive bidding as the auction approaches its closing moments.

Reserve Prices and BuyNow Options

Sellers can set reserve prices, ensuring their items aren’t sold below a specific amount. Additionally, a BuyNow feature can be added, allowing buyers to purchase items instantly after the auction has ended.

Sealed and Absentee Bids

Timed auction software supports sealed bidding, where bids remain hidden until the auction closes, and absentee bids, where bidders can place bids in advance if they are unable to participate during the auction’s duration.

Post-Auction Management

Once the auction ends, the software automatically calculates winning bids and notifies both buyers and sellers. The invoicing module then generates invoices, including any applicable fees, taxes, and shipping costs.

Mobile-Friendly Interface

The platform is optimized for mobile devices, enabling bidders to participate in auctions from anywhere using their smartphones or tablets. Some solutions also offer dedicated mobile apps for a seamless user experience.

Analytics and Reporting

Auctioneers can access detailed analytics and reports on bidding activity, auction performance, and user behaviour. This data helps in making informed decisions for future auctions.

Technical Functionalities

  • Mobile App: Available for both Android and iPhone, the app offers all auction functionality found on the website. This allows bidders to participate in online and live auctions on the go.
  • REST API: The API enables seamless integration with external systems, including financial platforms and back-office systems. It facilitates tasks like importing lots and exporting bid results.
  • Authentication Service (OAuth2.0): A centralized authentication system supports Single Sign-On (SSO) for all users and bidders, ensuring secure access across platforms.
  • Event System: Customized actions can be triggered by specific events such as user registration, bids, or lot completion, enhancing automation and user engagement.
  • Content Management System (CMS): The user-friendly back-office CMS allows you to manage all website content and translations efficiently.

Our power is numbers

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