Description
Laravel eCommerce Multi Vendor Auction: This module enables seller to auction their products. One of the most effective methods of selling is an auction. The admin can also set the auction option as Automatic, Reserve, or Incremental Auction for the seller’s product. The module offers the buyer notification via mail on the auctioned product when the buyer's bid is outbid or wins an auction. The seller can also assign the number of days till the buyer can buy the product.
Important Note - This is an add-on of the marketplace, so you need to install Laravel Multi Vendor Marketplace Module first for using this add-on.
Highlighted Features of Laravel eCommerce Multi Vendor Auction
Seller Notification
There is an option of sending email notifications to the admin, the seller, and the outbid buyer using this feature.
Multiple Auction Type Supported
Specify automatic auctions, reserve auctions, and incremental auctions for the seller's product.
Multiple Product Types Supported
Sellers can add simple products, downloadable products, and virtual products.
Set Auction Date & Time
During a product's start and end, the seller can set the date and time at which the product will end.
Why do we need Laravel eCommerce Multi Vendor Auction?
By using the Marketplace Auction module for Laravel, you will be able to convert your marketplace into an online auction place. You can gain maximum sales profit by marketing your products this way. By bidding on your product at an auction, you will be able to determine its true market value from the buyers.
The customer can bid on your products and purchase the product at the bid price. It is possible for both sellers and admins to add an auction for the products. Online auctions allow sellers to sell expensive items, antiques, paintings, and rare collectables. It is even possible for the seller to add/edit auctions and manage auctions easily.
Create & Configure Auction
The admin can configure and create auctions by setting various options like pricing, duration, and bidding rules.
- Admin can select auction options such as Buy It Now and Make Offer
- Define starting price and reserve price for the auction
- Set auction start and end date and time
- Configure number of days for the winner to complete the purchase
- Apply minimum and maximum quantity limits
- Allow a second buyer if the winner does not complete the purchase
- Enable automatic bidding and increment options
Live Auction on Product Page
On the auction product page, customers can see all details related to the auction.
- Current bid amount
- Countdown timer for auction end
- Minimum and maximum quantity
- Field to enter bid amount
- Available time details
- Normal and automatic bid list
Auction Price Increment Setup
The admin can configure bidding increment rules to control how bid values increase during the auction.
- Define bidding ranges using “From” and “To” values
- Set fixed increment amounts for each range
- Create multiple rules for different price levels
- View owner of each bidding rule
- Maintain consistent and automated bid increments
Auction Bidding Details
When customers win a bid, they receive a confirmation and can complete the purchase.
- Winner receives email confirmation
- Customer can purchase product at bid price
- Winner message is displayed on product page
Support
For any issue related to this module, please create a support ticket here or send an email to support@webkul.com. You may also check our top-quality Bagisto Extensions.