Magento 2 Multi Vendor Seller Auction

php bin/magento module:enable Webkul_MpAuction

php bin/magento setup:upgrade

php bin/magento setup:di:compile

php bin/magento setup:static-content:deploy

php bin/magento mpauction:disable

php bin/magento setup:di:compile

php bin/magento setup:static-content:deploy

After the successful installation of the module, you can configure it by navigating through Stores-> Configuration ->Marketplace Auction.

Show Current Bid Price: You can set “Yes” to show the current bid price on the auction product at front end else select “No”.

In the case of Increment Auction, a bid will be raised each time. It is predetermined based on the current high bid. In an incremental auction, if any bidder placed a bid, then the 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 incremented each time the current bid is outdone. The increment bid amount set will be done by admin and seller.

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 – $10000	$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 will be automatically incremented 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, your bid will automatically be raised to $15 and then the current bid is $125.

Here you will add the Incremental price range for the auction.

Here you can see that how increments are determined. After click on Fill Incremental Price, you can enter a current high bid.

Let’s discuss Incremental Price with an example:

You’re the first bidder on a listing where the starting price is $20 then you place a maximum bid of $40. Then current bid becomes $50 ($40+ $10).

No one can place a bid, less than $50. If the second bidder places a bid of $100 then the current bid becomes $115. Incremental price is used to remove the penny bids.

Admin can also enable or disable the Automatic Auction option with automatic bidder details, price, bidders, outbid messages. Let’s explain Automatic Auction using an 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 disabled by admin.

3. The other bidders place bids on based on the current high bid. The 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 the highest amount bid and no one exceeded this amount.

Case B

If another buyer C place the maximum amount of $110 as an automatic bid, then automatic bid of buyer A converted into a normal bid $100, and then buyer A will be notified by mail, so that he can place another bid and if the buyer A doesn’t place any maximum bid then buyer C will win the bid at a cost $100.

Case C

If another buyer D places a maximum amount of $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 the cost $115.

Using Enable Automatic Auction field, you can enable/disable the Automatic auction. It is used for buyer reliability.

Select “Yes” if you want that customer can change the auto-bid price multiple times.

Select “yes” if you want to use incremental price in the Automatic auction. Else select “No”.

By using this field, buyers can see the automatic price at the frontend. Otherwise, buyers can not see the automatic price.

Select yes to show auto bidder’s name at the front end.

If “Show automatic bidder details” is enabled then buyers can see automatic bidder details at the frontend. Like Bidder name, bid amount, winner status, etc.

You can see outbid messages only If this field is enabled. Otherwise, you will unable to see the outbid message. Like if someone placed an auto bid of $50 and another one places an auto bid of $40 then the auto bid of the second person will be saved, but unable to see outbid message.

In this field, you can enter the outbid message which will be displayed if your bid becomes outbid.

In a Reserve Auction, the seller is only allowed to sell the item once the bid amount meets or exceeds the Reserve Price. In the case of Reserve price, if the bid price of the higher bidder is less than reserve price then no one will win the auction. Admin can set the Global Reserve Price for reserve auction.

If Reserve Auction is enabled then Seller will be allowed to win for the item once the bid amount meets or exceeds the Reserve Price.

Email Notification to Bidder on Submit Bid: Select Yes to enable the email notification to Bidder on every submit of bid and No to disable this email notification.