Cons and pros of Auction site

Characteristic of a good auction sites

• The auction site HTML must be secured to protect client’s credit card information and provide secure links on their website that their customer might follow for more information about the item on auction. Also, customer data should not be sold to a third party.
• Rating of sellers and buyers who exist at the start of the bargain then vanish into thin air and affect the price at the auction sites in the process.
• Clear policies define for all stockholders.
• A good site has online payment of wined prize escrow to online services like PayPal, MoneyGram among others to facilitate quick buying and selling of goods on the site.
• Commissions and fees clearly mentioned on auction sites websites. This enables customers to compare different auction sites service providers and get value for their money.
• Online auction helps small and medium businesses to dispose of their unwanted or damaged inventory.
• Online auction option doesn’t prevent businesses from selling other inventory through the traditional channel.
• A recommended auction sites there shipping and payment are design with international clients in mind.
• These sites will also inform the sellers on customer willingness to do extensive research based on links provided to clients by auction websites.

Characteristic of a bad auction sites 

•   Online auctions offer limited personal evaluation and viewing of items being auction before biding and purchasing them. This may result in clients losing their money through fraud if they trade with untrusted sellers.

• Another disadvantage of the online auction, it’s possible for all the businesses to auction their inventory at the same time, this large volume will result in the company being forced to hire technical staffs and this, in turn, pushes the company commissions and fees fuelled by their increased overheads.