Magento2 Auction module will enable the auction feature for your shop by which admin can add auction for their product and the buyer can bid on that product. Admin will be able update and delete the auction. Admin can set Automatic, Reserve, Incremental Auction for their products. Magento Auction works with simple, virtual & downloadable product types.
Features Of The Module
- This module adds the auction feature for your shop.
- Incremental Auction Option set by admin.
- Automatic and Reserve Auction option set by admin.
- Admin can enable or disable Email notification option to outbid buyer.
- Enable Email Notification for Auto bid to owner from backend.
- If user bid will be outbid then user will notify automatically.
- Date time picker for date and time selection.
- Edit and delete feature for product auction.
- Fully admin management.
- Multi Lingual support / All language working including RTL.
- Compatible with Multi store.
Installation Of Magento2 Auction Module
Customers will get a zip folder and they have to extract the contents of this zip folder on their system. The extracted folder has – app & skin folders. You need to transfer the app & skin folders into the Magento2 root directory on the server as shown below.
After moving both the app and skin folders you have to flush the cache from Magento admin module by navigating through->System->Cache management as shown below.
Configuration Of The Module
After the installation of module you can configure it by navigating through->Store>Configuration>Auction.
Here admin can enable or disable the Auction and enter winner message, auction rule and save the configuration after that.
In case of increment Auction, a bid will be raised each time. It is predetermined based on the current high bid. In incremental auction, if any bidder places a bid, then current price will increase with 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 Increment Auction
The Increment bid is the amount by which a bid will be increment each time the current bid is outdone. Increment bid amount setting will be done by admin.
Set increment bid as-
| Current High Bid | Increment |
|---|---|
| $0.01-$99.99 | $10 |
| $100.00-$199.99 | $15 |
| $200.00-$599.99 | $20 |
| $600.00-$999.999 | $50 |
| $1000 and up | $200 |
Example
You’re the first bidder on a listing where the starting price is $20 and you place a maximum bid of $40. Now the current bid is automatically increment by $10 and then the current bid is $50. No one can place a bid less than $50. When a second bidder places a maximum bid of $110, bid will automatically be raised to $15 and then minimum bid amount is $125.
Here you can see that how increments are determined. After click on Fill Incremental Price, you can enter current high bid.
Admin can enable or disable the incremental auction and fill incremental price.
Admin can also enable or disable the Automatic Auction option with automatic bidder details, price, bidders, outbid messages. Let’s explain Automatic Auction using example and winning cases.
About Automatic Auction
1. When you(buyer) place an automatic bid with the maximum amount that you want to pay for the product.
2. The other bidders don’t know about other’s bidder automatic bid if disable by admin.
3. The other bidders place bids on based on the current high bid. bid will be placed until the bid meets the reserve price or until it expires.
5. If another bidder places the same maximum automatic bid or higher, then you will be notified by mail, so that you can place another bid.
6. If Your maximum bid is not exceeded by another automatic bidder or current bid, then you will win the bid at the current bid.
Example-
1. When buyer-A place an automatic bid with the maximum amount $100 that you want to pay for the product-X (reserve price-$60 and current bid price-$10).
2. The other bidders don’t know about other’s bidder automatic bid if disabled by admin.
3. The other bidder B place bids of amount $12 on based on the current high bid. The bid will be placed until the bid meets the reserve price or until it expires. now if many bidders placed the bid and now the current bid amount is $62.
Now winning case for bidder
Case A
If at this position bid expires then buyer A will win the bid at $62 amount because he placed a highest amount bid and no one exceeded this amount.
Case B
If another buyer C places the maximum amount $110 as automatic bid, then buyer A will be notified by mail, so that he can place another bid and if buyer A doesn’t place any maximum bid then buyer C will win the bid at cost $62.
Case C
If another buyer D places maximum amount $115 as normal bid then buyer C will be exceeded by current bid and he will be notified and if buyer C doesn’t place any maximum bid then buyer D will win the bid at cost $115.
In a Reserve auction, the admin is only allowed to sell the item once the bid amount meets or exceeds the Reserve Price. Admin can set the Global Reserve Price for reserve auction.
Admin can enable or disable the Email notification options for Admin, Outbid buyer, Auto bid to outbid autobid buyer.
Add New Auction
Now navigate through Auction Manager->Manage Auction and click the Add New Auction button to add a new auction as shown below:
If admin has set Auction option as “Auction” or “Auction & Buy Now”under Products->Catalog ->Add Product, only in this case product name of that product will be visible in Add auction option. It will be easy to understand using below screenshot.
Manage Auction
Admin can find the list of all Auction under Auction Manager-> Manage Auction. Using Edit/Detail button admin can edit the auctions and check the bid list, auto bid list and delete their values.
After clicking on the Edit / Details you will see the below page where you can edit the previous auction and can see the Bid list and the Auto Bid list. You can delete the values for the bid list and auto bid list also.
Bid List-
Auto Bid List-
Bidding details At Front end
Buyer can find Bidding details under My Account->Auction details. as shown below.
After click on Product name below page will be open.
Buyer can now add the product into the cart for purchasing it on the winning bid amount.
If auto bid has been chosen then Buyers will be able to see their Auto bid details under My Account->Auto Bidding Details as shown below.
That is all for the Magento2 Auction module, still have any issue feel free to add a ticket and let us know your views to make the module better at webkul.uvdesk.com