Merkeleon Online Auction Platform
New age platform
Merkeleon Online Auction Software is a perfect combination of the cutting-edge technology, modern design and high performance. For more than five years it has been providing companies and individuals with a unique tool to start their way in the online auction business.
Used as a ready to set auction, the system is easy to operate and administrate, yet innovative and complete. A large number of exclusive features and functionalities make it stand out in the market and help to compete with the industry leaders.
Bidding is based on price increments. The auctioneer specifies a starting price, reserve price and the auction time frame.
It’s a downward price auction where buyers advertise the specifications of the product they need, suppliers in their turn make bids continuously lowering their prices until the auction closes. Buyers watch as suppliers-competitors lower their price in real time. The lowest bid usually wins.
Bidding starts from a minimum price – usually 1 cent, even if the real market value of the item is hundreds or thousands of dollars. The bidders must pay to the auctioneer for each bid they make.
Bidding starts at the market value of the item. This actual price is lowered every time when a bidder checks it. The bidder is required to pay in order to check the price and is given a time frame to make a decision.
Bidding starts from a maximum price, which is lowered until some bidder is ready to accept it. Bidders must pay to participate in the auction.
The item is sold to a participant who offers either the lowest / the highest unique price. If there are two equal bids, both are considered invalid. Participation in the auction costs a certain fee for bidders.