A penny auction site is a new type of online auction website where instead of just paying the winning bid for an item, each bidder also pays a fee to make a bid. The auction ends after a period of time, typically ten to twenty seconds, without new bids, the last participant to have placed a bid wins the item and also pays the final bid price, which may be significantly lower than the retail price of the item. The auctioneer makes money in two ways, the fees for each bid and the payment for the winning bid, totaling typically significantly more than the value of the item. Such auctions are typically held over the Internet, rather than in person.
Ez Quibids Clone Pro is a multilingual and multi vendor penny auction software developed in PHP/ MySQL. Launch your own penny auction portal quickly and easily with this feature enriched penny auction script. The users are able to manage their operations via mobile devices. It comes integrated with a fully tested and functional bot user feature, a concept of automatically placing bids if the existing bid is less than the reserve price. This feature may prove helpful for startups against incurring losses. PayPal is integrated as the default option for the user to buy bids and pay for the winning items. It comes with a powerful admin panel by which you can manage the users and control website settings. All transactions can be monitored on the admin panel. Cost per bid can be specified on the admin panel so that users can order bid packages. Sellers can post withdrawal requests to the admin for their account balance. It comes with different versions such as English, French, German, Spanish and Portuguese.
No programming knowledge is required. We provide full technical support and free installation assistance. We also provide Free Hosting service with SSL Certificate.
QuiBids.com is an American online retailer headquartered in Oklahoma City, Oklahoma, United States. It is a retail website that operates as a bidding fee auction, also known as a penny auction. QuiBids officially re-branded itself as an entertainment retail auction site, selling products such as consumer electronics, home and garden products, apparel and jewelry. The okcBIZ website named QuiBids the third best small company to work for in Oklahoma.