Vendor Auction Extension

The auction product page provides essential information for buyers, including:

• Displays the current highest bid for the auction.
• Shows the remaining time until the auction ends.
• Indicates the minimum and maximum quantities available for purchase.
• A field for buyers to enter their bid amount.
• A button to place the bid immediately.

• Enable Extension: Option to activate or deactivate the auction extension.
• Show Current Bid Price: Toggle to display or hide the current bid amount for users.
• Show Bidder Name: Option to show or hide the name of the current bidder.
• Show Bid Price: Control to either display or conceal the overall bid price.

• Show Auction Details: Setting to display or hide specific details about the auction.
• Show Winner Message: Customizable message displayed to inform users of the auction winner (e.g., “Congratulations! You're the winner!!”).
• Auction Rule: Text area for defining the rules associated with the auction, providing clarity for participants.

The Magento 2 Multivendor Auction extension offers an Increment Auction feature. In this auction format, each new bid automatically raises the current bid amount by a predetermined increment based on the highest bid.

For example, if you are the first bidder and place a bid of $30, the current bid will then increase to $40, reflecting the set incremental price of $10.

Bidders must place bids that meet or exceed this new amount; in this case, no bids can be less than $40. The increment amount is defined by both the admin and the vendor, ensuring a clear bidding process.

• Enable Automatic Auction: Option to activate or deactivate the automatic auction feature for the store.
• Customers Can Change Autobot Price Multiple Times: Allows customers to modify their autobid price as needed during the auction.
• Use Incremental Price: Option to enable the use of incremental bidding, where each bid raises the current price by a predefined amount.
• Show Automatic Price: Controls whether the automatic price increments will be visible to users.

• Show Automatic Bidders Name: Option to display the names of automatic bidders during the auction.
• Show Automatic Bidder Details: Enables visibility of detailed information about automatic bidders.
• Show Outbid Message: Option to show a notification message when a user has been outbid.
• Outbid Message: Customizable text for the outbid notification, such as "You are outbid!!!"

• Enable Reserve Auction Price: Option to enable or disable reserve auction pricing, allowing vendors to set a minimum acceptable bid amount.

• Email Notification to Admin: Option to enable/disable notifications sent to the admin regarding new bids.
• Admin Notification Email Template: Select the email template for notifying the admin about new bids.
• Email Notification to Vendor: Option to enable/disable notifications sent to vendors for new bids placed on their auctions.
• Vendor Notification Email Template: Select the template used to inform vendors about new bids.
• Email Notification to Outbid Buyer: Option to enable/disable notifications for bidders who have been outbid.
• Outbid Notify Email Template: Choose the email template for notifying bidders when they are outbid.

• Email Notification to Winner: Option to control whether the winner receives a notification email.
• Winner Notify Email Template: Select the template for notifying the auction winner.
• Email Notification to Bidder on Submit Bid: Option to enable/disable notifications sent to bidders when they submit a bid.
• Bidder Notify Email Template: Choose the email template for notifying bidders upon bid submission.
• Enter Admin Email Address: Field to specify the admin email address for receiving notifications.

The Magento Multivendor Auction extension empowers vendors to seamlessly set up auctions for their products directly from their panel.

• Vendors can choose to offer their products as "Buy Now," "Auction," or both.
• Vendors have the flexibility to define the initial price for the auction.
• Vendors can also establish a reserve price for the auction, ensuring a minimum acceptable bid.
• Vendors can specify the auction's start and end times using an intuitive calendar and time picker.
• Vendors can determine the number of days the auction winner has to purchase the product.
• Minimum and maximum quantities for the auction product can also be set by the vendor.

To access auction management, go to Multivendor Management > Manage Auction. Here, the admin can add and edit auctions for specific products, as well as view information on both listed bids and automatic bids.