Auctions
White-label auction platform with no transaction fees.
Overview
Auctions lets small sellers run their own branded auction site. It is built for liquidation businesses selling overstock, returns and salvage for local pickup, and payments go straight to the seller.
The problem
Liquidation sellers rely on marketplaces that take a cut of every sale and own the customer relationship. The alternatives are dated, expensive auction software packages.
What it does
- Timed auctions with real-time bidding
- Proxy bidding and buy-now
- Buyer's premium and pickup locations
- Outbid and win notifications
- Custom domains for every seller
Business model
Flat monthly subscriptions with no transaction fees. Payments settle directly to each seller's own Stripe account.