| Trading in
Auction |
| Auction is
the process of buying and selling goods by offering them up for bid,
taking bids, and then selling the item to the winning bidder. On
ePtoP.com platform, an auction item owner can set a starting price,
and specify a given bidding period for buyers to bid. The bidding
price always goes bottom-up. Basically, a simple bidding rule is
that a buyer with a higher bidding price will become the auction
item winner. When the bidding time is end, the winner and the seller
will get an email of trade notification. Seller and buyer can
communicate with each other, and exchange the auction product and
payment. |
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| Auction User
Types |
| Seller is
the person who wants to sell an auction item. First of all, the
seller need to prepare and upload information about his selling item
such as pictures, pricing, specification, shipment and return
policy. Most of these information can be changed before the first
bidding comes. Seller will be not allowed to bid his own selling
item.
Buyer is a person who wants to buy
an auction item. Buyer bids the auction item by giving a bidding
price. The higher bidding price will be accepted, and the buyer will
become a winner. The final bidding winner will be the one to trade
with the seller at the last bidding price.
Visitor is a person
who comes to our site, view browse auction item information, and
view the auction bidding. |
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| Bidding an
Auction Item |
| Bid is a
basic bidding mode. Bidder bids the desired auction item with a
higher bidding price. Last price
is the last bidder's wining price. A valid bidding price is a price
greater or equal to the sum of the last
bidding price and a increment amount. A success
bidder will become the last winner, and the bidding price will be
the last bidding price. AutoBid is
bidding with a limit price.
Bidder sets a price limit for his bid. If other bidder bids the
selling item with an acceptable bidding price, and the price is
lower than the limit price. The system will automatically help you
to put a bid with a price as the sum of current bidding price and
the current increment. During the bidding process, the limit price
will be not displayed in bidding history.
SpeedBid is an one
click bid. Just a click, you will bid the auction
item with a price at the sum of last bidding price and increment. It
is a quick bidding mode. BuyNow
is a special action to win the auction with a buy
price, if the seller set one. The auction will be
stopped immediately, and trade notification will be sent to both
seller and buyer. |
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