This module offers the bidders who did not win the auction to buy the item at recommended retail price subtracting the credits they have spent in bidding.
For example: Users A, B and C placed bids on Auction 1 which has a RRP of £50. User A spent £10 in bids, User B spent £15 and user C spent £7 on bids. User B is the winner so user B gets the item for £15 (+ any postage if added by admin).
User A will have an option to buy the item for £40 and user C will have an option to buy the item for £43. System will have inventory control to make sure articles are not sold over the stock.
In this module auction starts with the high price (usually RRP) and with each bid placed rather than increasing the price, The price is decreased by a pre-defined value.
For example 1P, 2P,10P etc. The Price can even go in negative values and in that case the winner gets the article as well as the negative balance in credit. This could be another good way to attract bidders because they know that if they are spending on credits then at least they are saving on the total cost of the article.
If the auction goes in to negative price then you will have to either pay that in cash (PayPal or something else) or you can give them bid credits of equal worth, just depends on how your business operates. Don't forget to mention this in your terms and business policy.
In Ticker Auction, being an admin you can define that if auction price reaches a certain value, the time should drop to any number of seconds. For example, an auction started at 1p and Ticker Amount was £10 with 30 seconds tick time, then when auction price reaches £10, whatever the time is left on the auction, timer will suddenly drop to 30 seconds and with each bid, timer will reset to 30 seconds.
There is one important aspect to be noted and that is, in ticker auction instead of adding any specific number of seconds to the current time, time is reset to a predefined value which in our example case is 30 seconds. Just to make it clear, if ticker amount has been met, whatever the remaining time is, if someone will place a bid, timer will reset to ticker time.
In Seat Auction, admin defines a limited number of seats and limited number of bids in admin panel. Auction runs for a specific number of hours (also pre-defined in admin panel) when all seats are sold. Every user who wishes to participate in Seat Auction must buy a seat before he could participate in that auction. When user buys a seat, they get a pre-defined number of bids for that auction and they are not charged for placing those bids on specified auction. However, they cannot use these credits on any other auction.
Before buying a seat, users are told how much would it cost (in terms of number of credits) to buy a seat and how many bids will they get.
In Information box, virtually every information is displayed like total number of seats, credits with each seat, credits left, total possible bids that could be placed and max possible end price.
Chat module is more of a shout box, where every logged in user can say anything that is seen by every user on the website no matter logged in or not.
This is a very useful plugin to explain to the users that there are no unfair means being used as every live person can participate in chat.
If you are fed up of problematic payment gateways where there is no seller protection in intangible items then try https://www.moneybookers.com/app/?rid=9861902 payment gateway which accepts credit/debit cards from 32 countries and bank deposit from virtually every country of the world. Moneybookers payment gateway would work in exactly the same way as other payment gateway works so there will be no extra work. Moneybookers allow deposits for game play so deposits for entertainment auctions are accepted.
The link "Powered by penny auction script " removal from footer. If you do not have this ,you cannot remove the link.
The winner will get all bids back as well along with his winning on the auctions this option is activated for. A small logo is displayed on auctions which have this option to explain this is a double winnings auction.
Instead of placing a bid, users reveal price which appears with a buy now link. If user likes the price they can buy it within 10 seconds or it will disappear again. With each price reveal, price drops by a set margin.
Posted On: March 09, 2010
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