Online Auction System [M2]

Overview

Auction is the concept of selling goods and services (or products) to the most offering consumer who places his/her maximum bid. Bids are nothing but simple and small incremental amounts which are added to the current selling price of a product(s). Admin can add product for auction and that selected product will show in his Magento 2 store. He can also set start bidding price, start and end date, max price, auction status etc. and he can also set incremental price for particular auction.

Incremental price is the price that was added in the current bid, so the next bid that will placed by other customer will be greater than the sum of current bid and incremented bid. Auction time will extend if admin sets the extended time for a particular auctioned product.

Only a logged in user can bid for the product . If the customer places a new bid for the product, he gets a mail for it. If another customer places a bid which is of course higher than the first bid then, the previous customer will get a mail that a higher bid has been placed. Admin has an authority to approve/ disapprove the customer bid. Auction winner will inform through email.