Penny Auction
Penny Auction also known as pay-to-bid or 1 cent auction is the relatively new yet highly popular concept in the world of e-commerce. Every now and then new Penny Auction sites emerge in various countries offering users to win high-end electronic product with up to 90% saving.
The success of Penny Auction website is closely related to the Penny Auction software used for the project outline and implementation. The proper choice of Penny Auction provider in high extent predetermines the success of the future Penny Auction project, since poorly designed penny auction script can result in the continuous problems in performance or ultimate website failure.
Penny Auction Software is a sophisticated script that is supposed to perform thousands of operation in a very short time period, i.e. every second timers update, multiple frequent requests to the database etc. and at the same time keep performance smooth and fail-safe.
Penny Auction script by MicrobidSoftware is the feature-rich highly powerful software that allows to create ultimately robust Penny Auction website. The software is written in PHP5.0 Object-Oriented Language with the use of MySQL 4.1 / 5.0 database utilizing the latest advancements of database servers and programming languages. It has unique scalable database architecture that allow thousands of users to participate in one auction and enable up to 1000 to place bids simultaneously.
Penny Auction Features
- Site admin sets up an auction in the appropriate category/subcategory that can be created in terms of comprehensive Penny Auction site CMS
- Site admin stipulates auction start and end time along with detailed information about auction item, i.e. SEO-images and URLs, description etc. as well as sets and configures values.
- Mostly registered users can place bids through SMS, PayPal or other integrated payment gateways. When the bid is placed, price rises by $0.01 (configurable) and auction time gets extended to 15 seconds (also configurable)
- If no other users placed a bid and auction time ends up, the user who placed the last bid wins the auction at the bidding price
- Users are notified about the auction winning by the special letter and they can follow the links stated to proceed with the items purchase
Penny Auction Packages
Penny Auction solution by MicrobidSoftware is offered in terms of three different packages:
- Regular Enterprise (Ultimate penny auction solution for growing and big scale business. It includes majority of Penny Auction plugins by MicrobidSoftware, special database architecture, custom design development and six months free support)
- Hosted Enterprise (Ultimate Enterprise package, that includes all plugins by MicrobidSoftware. It is offered under the basis of the set up as per the selected service level and monthly shared revenue payment. The software resides on MicrobidSoftware servers and is accompanied with the ultimate support within the entire period of software use)
- Standard package (Powerful solution for small and moderate size business is offered with two months support and highly functional plugins-set
MicrobidSoftware provides free set up, conducts required tuning and tests in spite of the Penny Auction package.
Feel free to contact us today to receive the detailed quote to create your own robust and successful Penny Auction website.
