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Selling & Buying Through Auctions

Auctions & Bidding

On this page, you can learn how you can start selling or buying through an auction. You can learn what options the seller has and also how price bidding works.

Selling Through Auctions
All information for sellers on how to sell through auctions.
1. How to start selling through auctionsIf you want to start selling on the eBoltEurope.com platform through auctions, you must complete the basic registration, verify your email address and phone number, and activate the selling account "My Store".Once your selling account is activated, you can list the product for auction, choose the auction duration and starting price, and interested buyers can start bidding. When the auction ends, you sell the product to the highest bidder.
2. Options for setting up auctionsThe following table shows what settings a seller can set when listing a product for auction. Options with an asterisk after the name are required.
Auction Duration
You can choose the duration of the auction from 1 to 14 days, depending on your capabilities and the features of the listed product.

For most products, the duration of the auction is suitable within 7 days.
Starting Bid
The starting price in an auction is the opening bid. It is the lowest price a product will be sold for if it receives only a single bid.

If the listing receives no bids, then no sale occurs.
Buy It Now
If you add this price, buyers will immediately be able to buy the listed product at that price or place a new offer.

This price must be at least 40% higher than the starting bid.

The option to buy immediately for buyers will only be available until someone submits a higher bid or until the reserve price is met.
Reserve Price
A reserve price is the lowest price at which you are willing to sell the listed product.

By using a reserve price, you can set a low starting price for your auction and increase interest in your product – without the risk of selling it for less than you think.

If the reserve price isn't met, the listed product will not be sold.
Cost per Item
Cost per item is how much this product costs you.

If you resell this product, then enter the price you paid to the manufacturer, excluding taxes, shipping and other costs.

If you are creating this product yourself, then enter a value that is based on your labor and material costs.

This will help you calculate sales profits, generate reports, and view statistics about your product.
Packaging Price
The packaging price is the extra amount that customers would pay to package the product.

For example, if you pack this product in special boxes, you can set the packaging price individually.
3. Price tips for the auction
Low Starting Price
By setting a lower starting price, you can attract more bidders. Combined with the reserve price, you can be sure that your product won't sell for less than you think.
Add "Buy It Now" Price
By setting the "Buy It Now" price, you can allow buyers to purchase this product immediately. However, this price must be 40% higher than the starting price.
Add Reserve Price
By setting a reserve price, you can ensure that the product is not sold below cost. If the highest bid does not reach this price, the product will not be sold.
Buying Through Auctions
All information for buyers on how to buy through auctions.
1. How to start buying through auctionsIf you want to start shopping on the eBoltEurope.com platform through auctions, you must complete the basic registration. By completing the basic registration, you automatically get the status of a registered buyer.After completing the basic registration, you can search for products for auction on the platform and then place bids.However, some sellers only accept bids from buyers who have verified their email address and phone number. Therefore, after completing the basic registration, we recommend that you verify your account.
2. How bidding worksSellers name a starting price and you bid against other buyers. You can track your bidding on your dashboard. When the auction ends, the highest bidder wins the auction and pays for the product.On the specific page of the listing that the seller added as an auction, you can see the following information:
  • Auction DurationThe exact date and time of the end of the auction. The time countdown is also displayed at the same time.
  • Current BidThe highest bid currently placed. If no bid is placed, the starting bid will be displayed.
  • Total BidsThe total number of bids that have been placed since the start of the auction.
  • Total BiddersThe total number of bidders who placed at least one bid.
  • Bid HistoryBid history showing buyer ID, bid amount, bid time and bid status.
  • Retraction BidsThe total number of retraction bids that have been placed since the start of the auction.
Important: Remember that a bid is a binding contract. When you place a bid and your bid wins, you are committing to purchase the product from the seller.