YITH Auctions - WordPress Plugin

Now you can put your products up for auction on your website using YITH Auctions. The plugin can set up automatic bid increases, buy goods immediately using the "Buy Now" function and provide a list of auctions and people participating in the auction. You can also set a reserve price and buy it now at the auction price.

 

Plugin Features

• You will benefit from an effective model business catching the eye of those customers who usually take part in auctions to get products at advantageous prices;
• You will sell unique and refined products without diminishing their market value by setting a minimum start price to increase the profit margin;
• You will take advantage of the scarcity and competition principles to offer an ad hoc product, such as a custom or out-of-stock item, that your customers will perceive as unmissable.

Do you know what an online auction is? I bet you do, and you probably have already considered selling products on eBay, the number one network in this field that built an empire on this kind of sales and got millions of people used to buying online through their bids, taking part in a sort of race to purchase.

Users who are interested in auctions are moved by the chance to get items at low prices and motivated to place a bid which in most cases turns into an immediate price rise as soon as they are outbid.

Auctions are simple: anybody can place a bid for a specific product and if no other bid exceeds the previous one, then they win the item. This allows buyers to grab products for their best price and allows vendors to generate a profit sometimes bigger than anticipated.

Using our YITH WooCommerce Auction plugin, you will not only be able to make auctions for your products but thanks to the integration of our YITH WooCommerce Multi Vendor you will have the chance to create a real portal for online auctions, allowing all of your vendors to create auctions of their own and letting you earn a share on each one of their sales.

For each auction, you can define a start price, a reserve price (the minimum price you are willing to accept for the product), and a selling price to allow users to purchase the product immediately, without taking part in the auction.

For every auction, you can decide if users must place their bids manually or if they can enter the maximum amount they're willing to pay in order to let the system raise bids automatically until reaching the limit they set.

In a classic auction, the highest bid is the one winning the auction, whereas, in the reverse auction, the lowest one wins. You can set an auction as "secret" to hide the bids made so far from other users. For each auction, you can set a fee that users have to pay before placing their bid. To pay the fee, they will be redirected directly to the checkout.

The plugin offers 4 modern and captivating countdowns to show users when the auction ends. You can choose the style that fits your theme better, customize colors, or disable the counter to show only the end date of the auction. Let your users choose from signing-up to the auction and receive email notifications or adding the auction to a "watchlist" they can track through the related widget or on their account.

If the winner of the auction doesn't pay the product, choose whether to send the notification to the second-highest bidder or reschedule the auction and publish it again automatically.  By integrating YITH Stripe, you can improve your auction site safety by requesting users to insert a valid credit card in order to make a bid.

Reduce the number of bids made only out of curiosity or without real interest by requesting users a confirmation before publishing their bids and informing them of the obligations if they win the auctions.

Thanks to the shortcodes, you can create custom pages to show active and scheduled auctions or only those belonging to specific categories. Use the widgets in sidebars or any widget area of your theme. If you use Gutenberg, you can benefit from the related blocks to show your auctions on any page.

Send notification emails to users who keep track of the auction and to all bidders when there is a new bid, when the auction is about to end, when someone outbids them (encouraging them to place another bid) and when the auction has ended.