Online Auction System [M2]

An Online Auction System is a system where potential buyers place competitive bids on products. The asset or service in question will sell to the party that places the highest bid.

Key features :

• Admin can add product for auction in their magento 2 store.
• Admin can set start bidding price, start and end date etc.
• Admin can also set the increment bidding price .
• Admin can also extend the auction time .
• Only a logged in customer can place the bid for auction.

Overview

Auction is the concept of selling goods or services to the most offering consumer who places maximum bid. Admin can list multiple product for auction on a dedicated auction section on frontend. Product can be liisted for auction by specifying the starting bid, maximum bid, start and end date of auction.Admin can set the bid increment amount that decides the next allowed bid that a customer can place based on the current bid amount.

Only a logged in user can bid for the product. Auction winner will be informed through email and receive a purchase link for that product. Admin can set the validity of that purchase link.

Note: It works only for Simple Product.

Features

Add unlimited products for auction.

Admin can anytime extend the time of an ongoing auction.

Auction winner will be informed through e-mail.