m2-marketplace-seller-auction-connect.png

Seller Auction Marketplace Add-On
M2

TOTAL:
$179.00

Compatibility

Magento Platform
Open Source (CE)
2.0, 2.1, 2.3

Tech Specifications

Current Version:
3.0.2
Type:
Stable Build
Updated:
07 January, 2020
Categories:
Extensions, Sales, Comparison Shopping Engines, Marketplace Feeds
Supported Browsers:
Chrome Linux: 42, 43, 44 Mac: 39, 44 Windows: 39, 40, 42, 43, 44 Firefox Linux: 31, 38, 39, 40, 41 Mac: 31, 38, 39, 40, 41 Windows: 31, 38, 39, 40, 41 Opera Linux: 7, 7.1, 8, 9 Mac: 7, 7.1, 8, 9 Windows: 7, 7.1, 8, 9 Safari Linux: 7, 7.1, 8, 9 Mac: 7, 7.1, 8, 9 Windows: 7, 7.1, 8, 9 Edge Windows: 42 IE Windows: 10, 11, 8, 9
License Type:
Policy:

Overview

Create an online auctioning marketplace with a reserve price, incremental, and automatic auction and allow sellers to offer their products at competitive prices.

Other Extensions by WebKul SoftWare Private Limited

Overview

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Note - This module is an add-on of Webkul's Marketplace Module. To use this module, you must have purchased and installed Multi Vendor Marketplace first.

Seller Auction Marketplace Add-on adds the online auction feature to the marketplace and allows sellers to offer their products at competitive prices to bidders. Three types of auctions are available - incremental, automatic, and reserve price. The sellers can specify auction start and end time, minimum and maximum quantity, and days till the winner can buy the auctioned item.

From the product page, the customers can view auction details, place a bid and view other bids as well. The admin and sellers can view auction products list with detailed information about the bids. Further, various email notifications are sent to the admin, seller, and bidders. Buy it now is also available, if enabled by the seller, allows the customers to purchase the product directly.

Note - This module works with simple, downloadable and virtual product types only.

 

Business Value

Auctioning is an important feature of online selling. It allows many buyers to bid on the products and buy them at competitive prices. By auction, merchants can sell a variety of goods and services across categories. With the help of this module, you can create an online auction marketplace platform similar to eBay. Thereby allowing anyone to sell, bid, and buy the item at the highest price.

The store owner and sellers can use incremental, reserve price, an automatic auction. Also, the auction selling gives merchants an opportunity to offer the products at a higher profit margin and clear out any underlying stock.

 

Features List

  • This module provides the auction feature for the marketplace seller’s product.
  • Incremental, automatic and reserve auction option set by the admin.
  • Sellers can also enable or disable the different auction options for their products that have been allowed by the admin.
  • Configure email notifications and templates for the admin, seller, outbid buyer.
  • If the user bid will be outbid then the user will notify automatically.
  • Winners will be notified by email via the admin.
  • Date time picker for auction product start & end date and time selection.
  • Edit and delete feature for product auction.
  • Multi-lingual support / all language working including RTL.
  • Compatible with multi-store.

 

How Does The Extension Works?

Module Configuration

The admin can configure the module as per the requirement of the business. The configuration can be for following auction types.

 

Standard Auction

The admin can enable this type of auction to allow customers to utilize it in the frontend. Here, the admin can display current bid price, bidder name, bid price, auction details, winner message, and enter the auction rule. This auction rule will be displayed on the bid report page.

 

Incremental Auction

The incremental bid is the amount by which a bid will be incremented each time. It is a pre-determined auction based on the current high bid. Here, if any bidder places a bid, then the current price will increase with an incremental price. The store owner can set incremental price for various range of bid amounts by entering the "from" & "to" amount and then entering the increment amount. They can click on the "add option" button to add a more incremental price range.

Example: If you are the first bidder on a listing where the starting price is $20. The increment for a bid range of $20 to $50 is set as $10. However, you place a maximum bid of $40, the current bid will be automatically increased by $10 and then the current bid is $50. No one can place a bid of less than $50. For the incremental auction, the admin needs to set is the price range and enable the incremental auction type. Here, in the price range section, the admin will define the price and the amount of increment.

 

Reserve Price Auction

In this type of auction, the reserve price is a hidden minimum price that the seller is willing to accept for an item. In a reserve price auction, the seller is only obligated to sell the item once the bid amount meets or exceeds the reserve price. The seller is allowed to sell the item once the bid amount meets or exceeds the reserve price only. If the highest bid price is less than reserve price then no one will win the auction.

For example, if a seller sets the reserve price at $100. The first buyer bids $40 for the product so the current bid is $40. The second bidder bids at $60 and the current bid becomes $60. Then the third bidder bids at $90 and the current bid becomes $90. Here no one placed the bid equal or more than the reserve price so nobody will win the bid. If anyone places a bid equal or more than $100 that bidder will win the auction.

 

Automatic Auction

The buyer places an automatic bid with the maximum amount that they want to pay for the product. The bid will be placed until it expires. If another bidder places the same maximum automatic bid or higher, the previous buyer will be outbid. 

Outbid buyer will be notified by an e-mail so that they can place another higher bid. If the previous bidder again places a higher bid then he will win the bid otherwise he'll be outbid.

 

Outbid Bidder

Suppose a customer X bids $50 and if another customer Y bids more than $50 then the customer A will be outbid. For example, buyer A places an automatic bid with the maximum amount of $100 for the product x (reserve price-$60 and current bid price-$10). Another bidder B, place bid of amount $50 based on the current bid. The bid continues till the time expires. Buyer A will win the bid at reserve price $60 because nobody placed the bid more than reserve price and A's automatic price.

In order, to configure this auction type the admin needs to enable the module so that it is visible in the frontend. Then the admin could set if the customer modifies the auto bid amount multiple times or not. 

 

Manage Auction Products

The admin and seller both can add the auction functionality to various products. They need to state the product name, auction starting price, reserve price, start and stop auction time, number of days till the winner could purchase the product, the maximum and minimum quantity of the product, increment, and automatic option. Once all these details are entered the product is ready for the auction in the frontend.

 

Auction Listing

On the storefront, the buyer can see the auction product which they can bid for. Once the auction is placed, the customer will receive a regular notification on mail. However, the customers can view the auction details in their account to manage the bids at their end. There is a separate section for auto-bid which the customer can see in their account.

 

Benefits

For Store Owner

  • Set up auction marketplace platform with - incremental, automatic and reserve price.
  • Allow customers to bid on the product or buy it now at the default price.
  • Conveniently manage the auction in the module with increased accessibility.
  • Save time and money in conducting online auction sales.

 

For Marketplace Sellers

  • Each seller can select the products for the auction.
  • Enable buy it now feature for immediate sale.
  • Sell products at competitive prices to the highest bidder.
  • Clear any unsold stock with the auction sale.

 

For Customers

  • Remains notified about the auction updates via. email.
  • Variety of choices for the customer to raise the bidding price.
  • Get alluring deals for the purchase of the product.

 

Live Demo

You can check live demo from here.

 

Support Policy

  • You get free 3 months of technical support included
  • You can buy 6 or 12 months extended support agreement
  • For issues, please create a ticket or send email to support@webkul.com
  • Free lifetime updates of the module

Release Notes

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3.0.2:

  • Compatible with Open Source (CE) : 2.3
  • Stability: Stable Build
  • Description:

    -------------------------------- Version 3.0.2 --------------------------------------
    - Bugs Fixed.

    -------------------------------- Version 3.0.1 --------------------------------------
    - Bugs Fixed.

    -------------------------------- Version 3.0.0 --------------------------------------
    - Bugs Fixed.
    + Compatible with Magento 2.3.x and Marketplace 3.0.x version

    -------------------------------- Version 2.1.0 --------------------------------------
    + Compatible with Magento 2.3.
    - Bugs Fixed.

    -------------------------------- Version 2.0.5 --------------------------------------
    + Updated composer.json as per Magento 2.2.x version.
    + Updated according to Magento 2.2.x and Marketplace 2.3.x version

    -------------------------------- Version 2.0.4 --------------------------------------
    + Auction Detail Design changed

    -------------------------------- Version 2.0.3 --------------------------------------
    + Compatible with Magento 2.1.*

    -------------------------------- Version 2.0.2 --------------------------------------
    + Update code as MEQP2 standards

    -------------------------------- Version 2.0.1 --------------------------------------
    + This module allows the auction feature for marketplace seller’s product.
    + Incremental Auction Available.
    + Automatic and Reserve Auction Available.
    + Enable or disable Email notification option to Admin, seller, outbid buyer.
    + Enable Email Notification for Autobid to outbid auto bid buyer.
    + Enable Email Notification for Auto bid to owner from backend.
    + Automatically notify when user bid will be outbid.
    + Date time picker for date and time selection.
    + Edit and delete feature for product auction.
    + Fully admin management.
    + Reauction on the same product after one auction is completed.
    + Seller can add Auction option.
    + Seller can manage Auction.
    + Multi-Lingual support / All language working including RTL.

2.0.0:

  • Compatible with Open Source (CE) : 2.0 2.1
  • Stability: Stable Build
  • Description:

    + Issues fixed for magento version 2.1.0
    + Dependency updated for marketplace.
    + This module is an add-on of Webkul's Marketplace Module. To use this module you must have installed Webkul's Magento2 Marketplace Module first.

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Magento developers have both a contact email and a support email listed.

Q & A

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Reviews

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