User Guide - Magento 2 Auction Extension

1. Overview

Magento 2 Auction Extension allows admin to create auctions for products and buyers can bid on those products to increase sales, increase competition.

Extension link: Magento 2 Auction extension

2. How Does It Work?

2.1  Settings

Please go to Stores ⇒ Configuration ⇒ Magehq Extensions ⇒ Auction.

Here admin can enable or disable the Auction and enter winner message, auction rule and save the configuration after that.

In the case of incremental Auction, a bid will raise each time. It predetermines based on the current high bid.

Also, In an incremental auction, if any bidder places a bid, then the current price will increase with the incremental price.

Like if you are the first bidder and place a bid of $30. Then current bid becomes $40 ($30 + $10 incremental price). No one can place a bid less than $40. Let’s explain this using an example.

About Automatic Auction

1. When you(buyer) place an automatic bid with the maximum amount that you want to pay for the product.

2. Also, the other bidders don’t know about other’s bidder automatic bid if the admin disables it.

3. The other bidders place bids based on the current high bid. The bid will be placed until the bid meets the reserve price or until it expires.

5. Also, If another bidder places the same maximum automatic bid or higher, then you will get notified by mail so that you can place another bid.

6. If Your maximum bid does not exceed another automatic bidder or current bid, then you will win the bid at the current bid.

Email notification to Admin: Here the admin will set the option yes or no

Admin notification email template: From the three options the admin will select  notify admin on the new bid, New pickup order, or new pickup order for guest

Email notification to outbid buyer: To send the email notification set yes or no.

Outbid notify email template: The admin will set the setting from Notify bidder when higher bid arrive, new pickup order, new pickup order from guest.

Email notification to winner: If a customer wins email notification will be sent to them. Set yes or no from the drop-down

Winner notify Email template:- Set the notification when the winner win, new pickup order, new pickup order from guest

2.2  Manage Auctions

2.3  Add New Auction

2.4  Manage Winner

 

2.5  Report Auction

2.6  Show on frontend