Creating a simple, forward auction is easy. And your WordPress admin, or shop-manager. Reverse auctions are a WooCommerce product type that can be configured using the familiar WooCommerce interface.
The Woo Auction Software plugin comes with special widgets to promote new, upcoming and ending soon auctions. This helps create interest and get more bids from auction participants.
Auction participants purchase pre-paid bid packages before bidding on penny auctions. Admins and shop managers can create custom bid packages.
Users register & login securely using the standard WordPress + WooCommerce registration process to place their bids. They can also access their bids, history and other details from the My Account area.
Logged in users can now place bids with small increments on their favorite auction items. Penny auctions are automatically extended by the pre-configured amount of time every time someone bids on it.
When the auction ends at the scheduled end time, the participant with the higest bid wins the auction. Admins can set a reserve price which must be met. Winning bidder is then sent an email and can pay via escrow or a payment gateway of your choice.