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Why should use Magento Auction extension

More and more customers are interested in online auctions as they can buy a rare item at a proper price. In other words, auctioning is a terrific means of customer acquisition. Hence, Magestore has released Auction extension for Magento that offers the capability for web-store owners to create and run online auctions.

How Magento Auction extension works

Below a product that is put up for auction, customers can see its auction status and may enter their bid prices. Customers will receive notification emails when they make new bids or any bidders pay higher. Each auction has start time and close time, start price and interval price range.

Values Magento Auction extension brings to you

“Going, going and gone” auction feature
With this function, you can set an amount of time for an auction called “going, going and gone”. At the close time of your online auction, the amount of time that you set will appear and count down. Anyone places a bid during that time will make it reset, count down again; the process keeps repeating until there is a winner. It is reproduced a real auction when the auctioneer says “going, going, gone”.

Reserved price
An auction can start at a low price, but the item will not be sold unless the bidding reaches the minimum price- namely reserved price that site owner set before.

Auto bid function
The Auto bid function allows customers to set a maximum affordable price so that when they are not able to watch the auction’s happenings, the system auto bids for them.

Watching list
Allows customers to add an auction to their watching list so that they can receive notification emails about status of that auction.

Multiple winners
Allows multiple bidders to win a same auction.

Import auctions
Allows administrators to import online auctions for Magento from a CSV file.

Flexible auction management

• Ability to put any product up for online auction.
• Allow to set start and close time for an auction.
• Allow to set start price and interval price range for each auction.

Easy customization and configuration

• Allow to configure auction price type including and excluding tax.
• Allow to use custom CSS to customize Magento auction pages.

Email notification

• Ability to send notification emails to administrators and bidders to keep them updated with auction status, such as: new bids, cancellation, highest bids.
• Notify bidders when they win an auction.
• Notify out- of- bid to bidders.
• Notify complete online auctions to administrators.
• Customizable email templates.

User-friendly interface

• Customers can easily find information about each auction: start price, number of bids, start time, close time...
• Auction status updated automatically by Ajax without customers refreshing pages.
• Auction menu helps administrators manage online auctions and transactions easily .

Others

• Open source 100%.
• Check key offline using RSA encryption (not require 3rd party encryption).
• Easy to install and configure.
• User-friendly interface.

Interview of Customers using Magento Auction extension: Interview with www.avizeci.com, Good take-up of online auctions with Magestore.

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