Phpfox PhpFox Plugins - PhpFoxExpert Company. Better members page User Rating Recommendation Standart phpfox members page was have very old design and structure, we solve this problem with this great plugin! What is Online Auction? Online Auction has grabbed over the internet in today’s world. Online Auctions can be of different formats such as ascending English auctions, descending Dutch auctions, first-price sealed auctions and much more. Different types of websites have developed nowadays which handles and maintains the bidding and auction mechanism in a much easier and hassle-free way. It has removed the physical limitations from the system of auctions. Thus, making the online auction system and websites popular. What are Bidding and Online auction? Key Features of Bidding and Auction Websites Bidding Options: • Incremental bidding. • Auto-bidding– bidders can set a maximum bid and leave the system to bid on their behalf. • Sealed Bids– hidden bids, often used for pledges or sealed bid auctions. • Buy now bidding – an instant purchase can be made. • Graphical display of the user’s current position. • ‘My Bids’ – bidders can see instantly their position for all lots they are bidding on. • Opening bid– the level the first bid in the auction starts. • Bid increments– the minimum bid that must be placed to increase the bidding. • Reserves– the value that must be reached before the item will be sold. • Time for the lot and the starting and end date. • Set start and end date and times for lot. • Overtime bidding. • To derive true market value and prevent sniping. • Bidding can be extended by 10 mins if a bid is received in the last 10 minutes of an auction. Bidding continues until the last person stops bidding. Key features of Online bidding and auction website scripts. User Management: • Track who has placed bids. ![]() • Track when bids are made. • Run ‘winning bidders’ reports. • Delete bids. • IP address will be traced where the bids are placed.
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November 2018
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