YITH Auctions for WooCommerce WordPress Plugin

Introduction

YITH Auctions is an extension plugin for WooCommerce that allows you to add an auction system similar to eBay to your e-commerce website. By using the plugin it will be possible for visitors of your online store to buy products at a starting price or by bidding. The plugin displays auctions in a list which can be sorted by time, status, or price. Sellers are able to manage their auctions with no need for third-party software, while buyers have the possibility to keep track of their bids and purchases.

Auctions are a simple way to find the best price on an item that's in high demand. The rules of bidding ensure both sides get what they want buyers can buy without overpaying, while sellers know their profit will be higher than expected and still have enough leftovers for something else down the line!

Features & Functionality

Set a start price, a reserve price, and a "buy now" price: Start price is the minimum price that the products can be sold for. The start price of an auction is usually lower than its market value, just enough to bring initial visitors and bidders. The reserve price is a hidden minimum price. In the case of an item selling below its reserve, it cannot be purchased (except by using the "buy now" option). buy now this option allows customers to pay immediately for an item at its full list/market value without waiting for the end of the auction;
Choose to set the auction with manual or automatic bids: With this auction plugin, you can decide if users must place their bids manually or enter the maximum amount they're willing to pay in order for it to raise them automatically until reaching any limits that might be set.
Create a standard auction or a Dutch auction: Create a one-time auction for a fixed price or an auction with a gradually decreasing price. The user who places the last bid at the end of a standard auction wins and pays the final price.
Set secret auctions to hide bids: Secret auctions allow you to hide bids and bidders.
Automatically charge the auction winner's card: The winner of an auction will be charged and the order dispatched for fulfillment as soon as the purchase is made.
Notifications: You can receive notifications by email about your auctions when they have been created, when bids have been placed, when a new bid has been received for a secret auction and when it has been won. The plugin also sends messages to bidders corresponding with the different stages of an auction in order to keep them updated throughout the process.