A penny auction site is a new type of online auction website where instead of simply paying the winning bid for an item, each bidder also pays a fee to bid. The auction ends after a period of time, usually ten to twenty seconds, with no new bids, the last participant to bid wins the item and also pays the final bid price, which can be significantly lower. at the retail price of the item. . The auctioneer makes money in two ways, with the fees from each auction and the payment of the winning bid, which generally add up to much more than the value of the item. These auctions usually take place over the Internet, rather than in person.
Also, check Pro Edition .
- Ajax-based countdown on every auction.
- Supports multiple auction types (viz. Penny Auction, 100% Off, Nail Bitter, 10 Second etc).
- Buy-now interface.
- Auto-bidder interface to save time.
- Referral links for each user to earn referral commission.
- Bot-user feature.
- Fully scalable architecture.
With an eye to constant upgradation of our products under a dynamic work culture, the product features-list gets updated as an ongoing process reflecting the latest inclusions /exclusions. The buyers may please bear in mind that product-features available on the date of purchase only shall be valid. Any claims/demands by the buyer on a later date for features with reference to any features-list prior to the date of purchase, or updated after the date of purchase shall not be entertained.
Once you try the demo we know you’ll love it. Please contact our support team for an enhanced, fully customized version, tailor-made to your requirements.
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