We deliver different types of custom Lowest/Highest Unique Bidding Auction software or Reverse Auction scripts.
In auction script, the auction administrator (you) will post products for purchase. If it is B2B, then the seller will post the product or services.
Once product is posted, users will log in in order to bid for the product or auction items. The user need to first purchase a bid credits in order to make a bid for small bid fee which can be set in admin backend. The buyer places a bid on a particular auction item to win and if there bid are lowest and unique they will win the product at the end of auction.
Once selected as winner they will need to pay the bid amount to get the product. All invoice and other details are visible on user account and admin backend for transparency.