Looking to build a successful custom
software solution? Our experienced
development team is ready to assist.
If you want to create an auction site, turn to Geomotiv. With our experience in online auction platform development services, you will get custom auction apps to suit all your needs.
Looking to build a successful custom software solution? Our experienced development team is ready to assist.
Partner with Geomotiv – the right eCommerce development company to meet all your goals.
Someone creating an online auction website can market and sell various products to the highest bidder without mediators. So, if you want to make your auction sites like eBay or Listia, go with an experienced custom software development company like Geomotiv. Our team has built multiple eCom marketplaces and auction websites, and we are ready to work on the technical side of your solution.
An online auction platform is a marketplace connecting buyers and sellers through a bidding system. Here’s how it works:
While most platforms follow this format, variations exist. Buyers may bid in ascending or descending orders based on the auction type. Common mechanisms include English auctions, Vickrey auctions, and Ticker auctions, among others.
When our clients turn to us with a request to build a custom auction platform, we fully understand our responsibility for creating a reliable and secure platform to ensure safe experiences for all users. To make it possible, we use only the proven technologies and tools and pay much attention to QA and testing processes.
Benefits
Shortcomings
Benefits
Shortcomings
Then, partner with Geomotiv to overcome your web development challenges and create an outstanding product!
This video provides a walkthrough of the admin panel for a customizable auction platform, highlighting key features designed for administrators. You’ll see how to manage auctions, users, content, and more, tailored to various auction types, such as real estate, car, or reverse auctions.
An auction type where bidding starts from a suggested reserve price and proceeds with accepting bids in ascending order. The highest bidder wins an auction in the end.
Players pay a non-refundable fee to place small incremental bids in a penny auction. At the end of the auction, the last bidder wins and delivers the final bid amount.
In this format, placing a new bid resets the countdown timer for the auction. It takes place until no further bids are being input.
Bidders avoid extra fees, but the winner is responsible for covering the actual bid amount.
This auction type operates for a limited number of hours or days a week.
Buyers can purchase an item at the set price or opt to place a bid instead.
The main principle of this auction type is to make it available only for new bidders on your custom auction website.
Participants pay an extra fee for exclusive access to the bidding process.
Here, multiple bidders can set a minimum price to let the auction begin.
Dutch auctions start at a high price, progressively lowered until a bidder accepts the price. In this way, succeeding winners pay less for the remaining items.
In this auction, winners are those who place the highest bid. However, instead of paying their own bid amount, they pay the price of the second-highest bid.
In this type of auction, both bidders and sellers submit their desired prices to the auctioneer. A trade occurs when a buyer’s bid matches a seller’s asking price.
In this auction, bidders submit bids privately, unaware of others’ amounts. The winner typically pays the highest bid, but in some cases, the lowest bid can also win.
Fees for Sellers
Each time the vendors sell some goods through their auction platform software, they are charged a certain fee of the total sum …
Fees for Sellers
Each time the vendors sell some goods through their auction platform software, they are charged a certain fee of the total sum amount. This revenue option serves as a primary source of income for eBay – the global auction platform that needs no introduction.
Insertion Fees
This monetization option presupposes charging a non-refundable fee
to list an item or a category for sale on any online bidding …
Insertion Fees
This monetization option presupposes charging a non-refundable fee
to list an item or a category for sale on any online bidding platform. Then, regardless of whether that listing sells or not, the platform charges each vendor a different amount depending on the item’s category and seller’s status. As a rule, sellers can publish up to 50 free items within one category per month.
Transaction Fees
This revenue option implies charging a fee per transaction and a percentage of the total sale amount. For instance, most categories on eBay …
Transaction Fees
This revenue option implies charging a fee per transaction and a percentage of the total sale amount. For instance, most categories on eBay have a standard 2.9% fee on the final deal value and a $0.30 fee per transaction.
Membership Fee
This monetization strategy opens new ways for business promotion as it grants exclusive benefits for vendors in exchange for a fee. From …
Membership Fee
This monetization strategy opens new ways for business promotion as it grants exclusive benefits for vendors in exchange for a fee. From training
in e-bidding for sellers to receiving detailed analytics of their participation
in various auctions, this gives a vital revenue stream for a custom auction website.
| Custom auction platform | Platform-based software | Combined solution | Customization of white-label solution |
|---|---|---|---|
| $96.000+ | $50.000+ | $75.000+ | $25.000+ plus license fees (up to $30.000 annually) |
| You get custom auction software built from the ground up to match your business logic. | Customization and extension of an existing open-source auction platform like OpenBazaar or AuctionCore. | Integration of open-source components with custom-developed modules to create a unique auction platform. | Tailoring a pre-built white-label auction platform like Auction Software or Bidpath to meet specific requirements. |
| Capitalize on a scalable architecture, fast load times, seamless integrations, and adaptability to emerging technologies. | Benefit from fast market entry and cost-efficiency of using a pre-built foundation. Consider limited customization depth and dependence on existing architecture. | Leverage a balanced approach to build your auction website. Take advantage of high flexibility with moderate costs and time-to-market. | Reap benefits from fast turnaround times and low upfront costs. Weigh them against limited flexibility, ongoing costs, vendor dependency, scalability constraints, and lack of full IP ownership. |
| Best for: businesses with unique requirements that demand total control over the platform’s features, performance, and IP. | Best for: cost-conscious projects with moderate customization needs and a preference for leveraging community-driven solutions. | Best for: projects needing a tailored solution while benefiting from cost-efficiency and fast time-to-deploy of open-source components. | Best for: businesses looking for a quick launch with limited customization, often with the added value of vendor support. |
| Benchmark | Custom auction platform | Platform-based software | Combined solution | Customization of white-label solution |
|---|---|---|---|---|
| Upfront costs | high | moderate | moderate | moderate |
| Time | 6 to 12 months | 3 to 6 months | 4 to 8 months | 2 to 4 months |
| Scalability and flexibility | unlimited | moderate (some limitations) | high | limited (depends on the vendor) |
| Community support | in-house | continuous | hybrid | vendor-supported |
| IP Ownership | full | limited | partial | limited |
| Ease of integrations | unlimited | high (easy with plugins) | high (tailored) | moderate (depends on the vendor) |
| Customization depth | unlimited | moderate | high (with custom modules) | limited (platform-restricted) |
Request a Free Quote Now to discover how we can bring your vision to life and
provide a comprehensive solution focusing on long-term goals.
Leverage our global network of senior tech talent and an in-house force of 200+ engineers to source experienced developers for your projects.
Geomotiv connects you with top-tier senior developers across 10 locations in 5 time zones, offering genuinely global talent from diverse backgrounds.
Our experienced professionals can seamlessly integrate into your project or operate as a standalone unit within your company, ensuring swift turnaround times for auction platform development.
We can assemble a dedicated team in under 4 weeks or recruit individual developers within 1-2 weeks, delivering efficient staffing solutions tailored to your needs.
Partner with our trusted software development and staff augmentation company that has successfully served industry leaders since 2010. With our support, your new contractors will perfectly match your requirements, receive comprehensive HR support, and thrive in a productive and supportive work environment.
BBG clicks with Geomotiv. We understand each other’s needs and work to get things done collectively. Working with Geomotiv has been amazing, and we expect to continue and grow our partnership.
I can say that Geomotiv provided the best engineers to be a foundation for our success. We’ve been truly impressed with the quality of candidates they offer.
Geomotiv delivered comprehensive Figma wireframes and a prototype that supported effective user research and design validation. They also provided project management at no additional cost. The team was committed to the project’s success and demonstrated a genuine investment in the project’s success.
I’ve worked with Geomotiv’s engineers for 4 Years when I was at the Rubicon Project and am currently using them at PebblePost as a team extension. The engineers have good English, maths, computing skills, and a great attitude in collaborating.
We have been working with Geomotiv teams in multiple locations for quite some time now. They are hard-working developers who have proven to be a valuable part of our team. Happy to have finally met most of the team in person. They are a fun group with excellent English skills as well.
Geomotiv automated our medical center’s internal processes exceptionally well. We appreciated that the guys were always in touch and participated in discussing ongoing tasks and use cases. We’re delighted with the team’s technical background and individual engineering skills.
Geomotiv has been an invaluable full-cycle development partner for Savveo during our ongoing multi-year relationship. From product inception to implementation, we see Geomotiv as an essential team extension.
We were pleased to have such a company as a partner. We needed to develop a solution for player churn prediction in the game. Geomotiv provided continual interactions with our team and helped define critical features that would predict the churn.
The team exceeded our expectations by supplying fast, accurate and innovative solutions. They dig into the full context to help you identify the actual challenge and supply the best solution. On the other hand, they can also provide you with a temporary fix when needed.
Code developed by Geomotiv was used as a stable foundation for future expansion. They communicated daily and were available via multiple channels. They’re professional and place a high value on customer service.
I recommend working with Geomotiv’s team for data, platform, middle-tier API, and back-end systems. Pros: diligence and persistence in achieving code quality standards set by our team to address our code review comments.
Geomotiv’s developers navigate the extensive ecosystem of auction platform integrations with various tools and services to enhance functionality, streamline operations, and improve user experience. Some of the most popular integrations include:
200+ senior in-house engineers and an internal base of 80.000 pre-vetted candidates power our auction software development company with the highest level of proficiency in back-end technologies. Our deep technical knowledge and extensive resources allow us to deliver reliable and high-performing solutions.
Geomotiv brings together teams of front-end specialists and provides individual experts who excel at creating user-centric experiences. Our engineers use industry-standard and cutting-edge front-end technologies to create responsive interfaces tailored to the specific needs of the auction platform’s users.
Enhance your online auction bidding software with our deep technical skills as a Google Cloud Partner and AWS development expert. Our team designs scalable, secure, and high-performance solutions leveraging Google Cloud’s advanced tools. Additionally, we use AWS’s robust services and global infrastructure to ensure reliable performance and rapid deployment.
Our mobile developers work with tools like React Native for cross-platform apps, Swift for high-performance iOS development, and Java for Android OS to build online auction mobile apps with responsive interfaces and performance-ready architecture.
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A real-time bidding platform is a virtual marketplace where people can buy, sell, trade, and check out the inventory provided by multiple vendors. Multiple users can bid on a vendor’s list at any given moment, then the winning bid (with the highest value) is shown to the user. Through an online auction platform, bidders and vendors connect, and the selling process is executed.
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