Auctions and Bidding Platforms Development

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.

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Our Highlights

Meet Experienced Auction Platform Development Company

14+ years in the IT services market

80% of our specialists are senior-level developers

200+ in-house engineering talents

We Help you Thrive

And Fulfill All Your Auction Platform Development Needs

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.

create an online auction platform with Geomotiv

OVERVIEW

What Is an Online Auction Platform

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An online auction platform is a marketplace that brings together buyers and sellers and facilitates transactions between them. Unlike traditional marketplaces, this type of platform is based on a bidding system, which works in the following way:

  • A seller lists an item with a starting price;
  • Potential customers place their bids in real-time;
  • Eventually, when the auction ends, the bidder with the highest price wins.

Most online auction platforms work the same, though there are other mechanisms to consider. For example, buyers can compete and bid for the product in descending or ascending orders, determined by the chosen auction type. In addition, you can create an online auction site using one of the popular mechanisms, such as English auction, Vickrey auction, Ticker auction, and so on.

Your Options

Custom vs. Ready-Made Auction Platforms

Custom Auction
Website

Benefits

  • A purpose-built product around your needs and vision from the very beginning;
  • Real-time data changes and high performance under increasing load;
  • Fast loading times of custom auction websites and apps;
  • Regular security updates and patches that reduce chances for intrusion.

Shortcomings

  • Relatively high time investment throughout various software development phases;
  • High upfront costs associated with hiring a professional development team with cross-functional technical expertise.

Ready-Made Auction Platform

Benefits

  • Faster implementation with a broad ecosystem of business app patterns and easy-to-use proven solutions;
  • Lower upfront time investments, as hiring a team of developers to create an auction website is unnecessary;
  • Quick installation and deployment and lower development and customization costs.

 

Shortcomings

  • Limited choices for self-expression and lack of quick adjustments to particular scenarios;
  • Lack of compatibility with customer expectations and limited choices for business development;
  • Additional expenses to cover high maintenance fees.
Are you looking to build an excellent auction website?

Then, partner with Geomotiv to overcome your web development challenges and create an outstanding product!

Listing Options

Different Types of Online eCommerce Auctions
We Can Implement

English Auctions
English Auctions
English 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.

Penny Auctions
Penny Auctions
Penny Auctions

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.

Ticker Auctions
Ticker Auctions
Ticker Auctions

In this format, placing a new bid resets the countdown timer for the auction. It takes place until no further bids are being input.

Free Auctions
Free Auctions
Free Auctions

The essential rules for this auction type do not imply that a bidder pays extra fees. But the winner of the auction bears the cost of the actual bid.

Peak Auctions
Peak Auctions
Peak Auctions

This auction type operates for a limited number of hours or days a week.

Buy It Now Auctions
Buy It Now Auctions
Buy It Now Auctions

Here, the buyers can acquire an item at the Buy-It-Now price, bypassing competitive bidding, or choose an option to place a bid instead.

Beginner Auctions
Beginner Auctions
Beginner Auctions

The main principle of this auction type is to make it available only for new bidders on your custom auction website.

Seat Auctions
Seat Auctions
Seat Auctions

This type of auction implies granting exclusive access to the bidding process. For example, you can allow a set of participants to pay an additional fee to bid on the inventory.

Reserve Auctions
Reserve Auctions
Reserve Auctions

Here, multiple bidders can set a minimum price to let the auction begin.

Dutch Auctions
Dutch Auctions
Dutch Auctions

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.

Vickrey Auctions
Vickrey Auctions
Vickrey Auctions

The winners in this auction type are the ones who place the highest bid. But eventually, they have to pay the second-highest bidder price.

Double Auctions
Double Auctions
Double Auctions

The principle of this auction type is to enable bidders and sellers to submit their desired price to an auctioneer. The trade is executed when a match is between a buyer’s price and a seller’s asking price.

Sealed Bid Auctions
Sealed Bid Auctions
Sealed Bid Auctions

In this type of auction, no bidder knows how much the other players have bid. Consequently, the winner pays the first highest price on the auction platform, though the lowest one can win in some cases.

eCommerce
Auction Software Development for Your Vertical
Food & Restaurants
Auction Software Development for Your Vertical
Automotive
Auction Software Development for Your Vertical
Art
Auction Software Development for Your Vertical
Real Estate
Auction Software Development for Your Vertical
Logistics
Auction Software Development for Your Vertical
Finance
Auction Software Development for Your Vertical
Luxury goods
Auction Software Development for Your Vertical
Charity
Auction Software Development for Your Vertical
eCommerce
Food & Restaurants
Automotive
Art
Real Estate
Logistics
Finance
Luxury goods
Charity

Key Functionality

Features that Go with Auction Platform
Software Development

  • Different user roles and panels (Buyer, Seller, Admin);
  • Authorization and security;
  • User profiles, Home page and Product page;
  • Search and filters functions;
  • Auction functionality;
  • Reviews & ratings;
  • Shopping cart and payment gateways;
  • Notifications and Analytics.

MONETIZATION MODELS

Primary Revenue Sources We Can Implement

Fees for Sellers icon

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_icon

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_icon

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 icon

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.

auction bidding software_our success stories

Our Success Stories

Notable Auction Development Projects From Our Portfolio

Custom B2C Trade Auction Platform for Retailers

 

Client: UK-based startup that wanted to introduce a new digital auction-based marketplace.

 

Challenge: Find expert software development teams to assist with the platform’s design, development, and implementation.

Our Work: Delivery of a scalable digital auction platform with real-time bidding capabilities. Our team implemented robust user authentication and inventory management features and integrated the platform with the required systems.

Key Results: Successful launch of a digital auction platform with secure payment processing, robust user verification, real-time transactions, seamless integrations, and scalability for future expansion.

auction bidding software_our success stories

Our Success Stories

Notable Auction Development Projects From Our Portfolio

Custom NFT Marketplace for Minting and Selling Digital Items

 

Client: A private company aimed to offer users a streamlined platform for selling digital collectibles.

 

Challenge: Gain technical assistance in developing a secure marketplace supporting digital wallets and smart contracts.

Our Work: The team determined business requirements, selected a tech stack, prototyped and designed the NFT platform, implemented decentralized media storage, and developed and integrated smart contract protocols.

Key Results: The client reached a base of 10,000 users within three months of the solution’s release.

Our Approach
Let Us Estimate the Functionality and Related
IT Services
Template-Based SoftwareCustom Auction Platform
$3.000-$10.000$50.000+
The simplest and the cheapest way to build your own
auction website using WordPress themes
With custom auction software built from scratch, it is possible to create a unique product that will stand out on the market
Generic design and features, security and performance issues, platform limitations, possible bugs, and glitchesComplete control of the features and functionality, vast customization options, scalable architecture, enhanced security for sellers and bidders

TOOLS WE USE

Tech Stacks for Auction Platform
Software Development

WordPress CMS

WP Auctions Plugin
Ultimate WordPress Auction Plugin
Dutch Auction Masters Plugin
Auction Plugin

ENGAGEMENT MODELS

Choose What’s Best For Your Project

IT Staff Augmentation

  • Add proficient developers to your in-house team.
  • Fill skill gaps at competitive rates without hiring complexities.
  • Integrate remote specialists into your current processes easily.

Dedicated Team

  • Hire committed developers who are laser-focused on the project.
  • Let us assemble a team with the proper structure to meet your long-term needs.
  • Gain complete visibility into the workflows and adjust the backlog on the go.

Project-Based Outsourcing

  • Offload your project or its part to our company.
  • Let us assemble a full-cycle development team and assign a PM.
  • Monitor the project’s progress and achieve all your goals.
autor
Tamuna Basaria Head of Sales and
Business Development

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 best technologies and tools and pay much
attention to QA and testing processes.

OUR STRENGTHS

Why Entrust Your Custom Auction Website
Development to Geomotiv

Senior specialists with deep business and technology background

Advanced solutions that bring real value to businesses and end-users

Extensive knowledge of
creating auction websites
for multiple domains

Rigorous testing to ensure
the solution is error-free

Secure third-party integrations: payment gateways, marketing tools, CRM, etc.

Apps with a user-friendly interface for every
end-user type

Vast experience with microservices architecture design and development

On-time delivery of
quality solutions

Transparency of the entire development lifecycle

RECOMMENDED CASES

Case Studies

trade-auction-platform-development

Transforming Retail: Our Trade Auction Platform Success Story

Discover Geomotiv’s journey in developing a cutting-edge trade auction platform for a UK startup.

View
nft-marketplace-development-for-selling-digital-collectibles

NFT Marketplace Development for Selling Digital Collectibles

NFT marketplace development for a private company selling unique digital collectibles.

View
tech-partnership-for-wordpress-development-projects

Tech Partnership for WordPress Development Projects

Web development and technology integration services for a Chicago-based design company.

View
ott-advertising-service

Video Streaming Platform

The OTT Advertising Service was a set of solutions designed to give the client full control over their ad related activities.

View
clients-custom-solutions

Staff Augmentation for AdTech Company

A technical solution for ad campaign automation that was developed within the client’s integrated omnichannel DSP and DMP platforms.

View
custom-solutions-for-adtech-company

Custom Solutions for AdTech Company

Discover our support solutions built for efficient software development and enhancement of AdTech products.

View
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FAQ

Need Help? We’ve Got You Covered!

What is a real-time bidding platform?

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.

How much does it cost to build an auction website?
How do I start my auction website?
Is a custom auction website better than a ready-made platform?
How can an online platform help to enhance auction management?
Why choose Geomotiv for auction platform development?

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