A few words about the e- auctions
The e-auction sale is a way of carrying out a transaction using specific rules and distribution of resources as well as prices based on the offers of those taking part in the purchase.
Depending on the way they are run, e-auctions can be either forward or reverse. In forward auctions, the seller of a product or a service conducts the auction and the potential buyers place their offers to acquire the product or service. In reverse auctions the buyer is the person who conducts it and those who put their offers in are the suppliers of the product or service.
Just as in traditional auctions, there are three types of participants in e-auctions: the auctioneer-buyer in reverse auctions, the participants-offer-placers and the person who conducts the auction platform through the use of the internet all together complete their commercial transactions.
The basic parameters in these e-auctions performed via the platform concern the participants in the auction, who must be members during the time of its operation. Other parameters are: the opening bid which is determined by the request for offers in the first stage, being the lowest bid, the offers of the participants which appear every 30 seconds, the means of payment or other parameters which are announced in advance, such as guarantees etc. Information related to those offering appears on the platform, but their details are not divulged during the auction itself. Only at the end is the winner revealed with all the details of the auction including the identity of those making the offers and their prices.