Can I set a reserve price in the auction?

Yes, sellers can set a reserve price to ensure that their product is only sold if the bidding reaches a certain threshold.

What does the Seller Auction extension do?

The Seller Auction extension allows sellers to create and manage product auctions, enabling competitive bidding in a multivendor marketplace.

How do I set auction starting prices?

Sellers can set the starting price for their auctions directly from the product page within the auction settings.

Can buyers bid on multiple auctions at once?

Yes, buyers can place bids on multiple auctions simultaneously across various sellers and products.

How do I manage auction end times?

Auction end times can be configured for each product, either manually or automatically, depending on your marketplace settings.

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Vendor Auction Extension

Demo:

Storefront

Admin Panel

Vendor Dashboard

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Vendor Auction Extension

for Magento 2

Rating:

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4 Reviews Add Your Review

Licence Domain

Magento Edition

Community

Enterprise + $129.00

Enterprise Cloud + $150.00

$129.00

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Vendors can list products for auction, creating a competitive sales method.
Admins can configure various auction types, such as Automatic, Reserve, and Incremental.
Vendors can set the auction duration, offering flexibility in timing.
Buyers receive automatic email notifications when outbid or when they win an auction.
Admins have complete control over auction settings, including types and durations.
The module supports a marketplace environment, enabling multiple vendors to auction independently.

Best Vendor Auction Extension for Magento 2

FREE
INSTALLATION
30 DAYS
MONEY BACK
1 YEAR OF
FREE SUPPORT
OPEN SOURCE
EAST TO CUSTOMIZE
MEETS MAGENTO
CODE STANDARDS

Feature Highlights

Vendor Auction Notifications

This feature provides email notifications to the Admin, vendor, and outbid buyers.
Support for Multiple Auction Types

Vendors can choose from Automatic, Reserve, or Incremental Auction types for their products.
Wide Range of Product Types Supported

Simple, Downloadable, and Virtual products can be added to the auction.
Customizable Auction Timing

Vendors can specify the start and end date and time for their product auctions.

Admin End Features

Configuration

To configure the Magento 2 Multi Vendor Auction extension, log into Magento 2 admin panel, and go to Stores > Configuration > MAVENBIRD - MULTIVENDOR > Multivendor Auction, and configure the following settings for the extension:

Standard Auction

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.

Increment Auction Option

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.

Automatic Auction Option

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!!!"

Reserve Auction Option

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

Email Notification Option

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.

Vendor Auction Configuration for Products

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.

Admin Auction Management

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.

Customer End Features

Auction Product Details Page

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.

Extension Description

FAQs

What does the Seller Auction extension do?

The Seller Auction extension allows sellers to create and manage product auctions, enabling competitive bidding in a multivendor marketplace.
Can buyers bid on multiple auctions at once?

Yes, buyers can place bids on multiple auctions simultaneously across various sellers and products.
How do I set auction starting prices?

Sellers can set the starting price for their auctions directly from the product page within the auction settings.
Can I set a reserve price in the auction?

Yes, sellers can set a reserve price to ensure that their product is only sold if the bidding reaches a certain threshold.
How do I manage auction end times?

Auction end times can be configured for each product, either manually or automatically, depending on your marketplace settings.

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Reviews

Nice addition
Great addition to our marketplace for running auction events. Could be faster in some cases.

Ratings
100%

Charles Allen
Great auction tool
This extension made hosting auctions much easier for us. Excellent value!

Ratings
100%

Isaac Johnson
Good but needs improvement
The basic functionality is good, but there are some bugs with auction timing.

Ratings
100%

Sophia Carter
Easy to use
The auction system is very easy to use. My customers have a great experience every time.

Ratings
100%

Riley Young