Get your Dutch auction on
Written on January 29, 2010 – 3:42 pm | by admin
Pricefalls.com uses a descending or ‘Dutch Auction’ pricing model. Unlike such auction sites as eBay, where bidding drives up the prices of items for sale, prices on Pricefalls decrease as the auction progresses.
Using this model, items up for auction start at a predetermined price ceiling and drop throughout the bidding period. This can help your readers, and merchants in general, get more for each item they sell – any items sold through the site are never sold below a predetermined price floor.
Merchants using the site can also easily and quickly relist any unsold items, communicate with customers and edit their online store, and more.