The Benefits of Online Auction Platforms

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 With almost all activities of life moving to the Internet, can auctions be far behind? Today, shopping, listening to music, reading the newspapers, playing video games can all be done conveniently from any Internet-enabled device. Additionally, in these Covid-19 infected times when lockdowns and social distancing norms are more the rule than an exception, an online auction platform is the optimized method for fundraising.  

What are the benefits of these online auction platforms and what are their primary differences from the traditional auctions?




Generally, auctions are held in confined spaces where people move around in close contact with each other. Items for sale are physically brought to the venue and displayed. An auctioneer conducts the proceedings and there is a lot of bonhomie, fun, and excitement.

An auction on an online auction platform, on the other hand, is conducted entirely over the internet, leading to many benefits.

These auctions have no physical contact among the participants and hence according to Covid-19 protocols. Potential bidders have to register on the site to participate in the event. Photographs of items are displayed on the online auction platform and attendees have all the time in the world to study them and arrive at a bidding decision. The winners can avail the payment gateways to pay for the items. The charges of these platforms are low, being limited to administrative costs only.

The main difference with traditional auctions is the bidding process. The participants can place their bids through any Internet-enabled device like a smartphone or a tablet. As soon as an existing bid is crossed by somebody, a notification is sent to those involved in the process.

Auctions cannot get easier than this!          

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