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Welcome to Olayko Marketplace..
Today we are introducing a new feature call Äuction House" to seller.
An auction is a process of buying & selling, goods or services by offering them up for bid taking bids, and then selling the item to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today. Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid.
Olayko Auction House will enable the auction feature for Marketplace using which sellers can add auction in their product and the buyer can bid on their product. With the use of this module, sellers can place auction products. Customers can place four types of auctions which are standard, incremental, automatic, and reserve auction.
Features Of Olayko Marketplace Auction
Sellers can add the automatic auction.
Sellers can add reserved auction.
Sellers can add the incremental auction.
Customers can place automatic auction.
Customers can place reserved auction.
Customers can place incremental auction.
Email for every outbid customer when new bid placed.
All types of action can be applied to a single product.