BPower Unique Low Bid Auction

Nov. 15, 2009 - PRLog -- Build your low bid auction site in minutes!

BPowerHouse Unique Low Bid Auction script is a script for setting up a comprehensive and robust auction site with 3 types of low bid auctions: Classic, Extended and Extended Reverse. Site administrator can adjust auctions time, step and other parameters. Auction payments are via PayPal and other payment processors can be integrated.

Classic Low Bid Auction
The auction works like a regular auction, the only difference is that the winner is the person who made the unique lowest offer.
The offers are made through the site and because they are secret, the point is to strategically identify the whole number that is the lowest among all the bids.
The auction will take place in a period of time declared by administrator and the winner is the one who has made the unique lowest offer among those involved.

Extended Auction
In this auction mode - during the time period, users can purchase bid packages that will give them an amount of credits they can use to bid (example: cost 10 Euro entry of 20 offers).
The maximum number of offers available for the auction will depend on the value of the package purchased in the subscription.
The auction mechanism is the same as the classical auction, where the winner is the one who made the unique lowest bid.

Extended Reverse Auction
In this revolutionary mode auction during the time period, users can purchase bid credits at a cost that will ensure a number of deals (eg registration cost 10 Euro equal to 20 offers).
With the method "Extended Reverse" the difference is that during the auction, which can vary from 30 minutes to 4 hours, bidder will have the opportunity to buy new offerings before the end of the auction.
(example: assume a package of 10 euros, equal to 20 bids, and at an auction for 2 hours. If after 20 minutes into the auction period the user ends the number of initial offers, user has the chance to buy 20 bids more by paying 10 euros, the same every time he wants before the close of the auction).
The auction mechanism is in the same as the classical auction, where the winner is the one with the unique lowest bid.

We in BPowerHouse, would be happy to present also our Italian Version. Please go to http://bpowerhouse.info/aste-unique-low-bid-auction-itali... to take a look.

Main Features:

   * Users register and pay for participation
   * 3 different types of auction
   * Minimal number of players with refunding if auction was not opened
   * BPowerHouse Admin Panel

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