YITH Auctions for WooCommerce Premium plugin allows buyers to grab products for their best price and allows vendors to generate a profit sometimes bigger than anticipated.

Do you know what an online auction is?

I bet you do, and you probably already considered selling products on the Ebay network, the number one name in the field who built an empire on this method of sales and got millions of people used to buying online for their best offers, taking part in a sort of race to the purchase.

Users who are interested in auctions are moved by the chance to get items at low prices and motivated to make a bid which in most cases turns into an immediate raise as soon as they are outbid.

Administrator can:
Create an unlimited number of auction products for the shop
Set a start price for the auction
Set the reserve price for the product: no one will win the auction below the specified amount
Set the start/end date and time for the auction
Enable automatic raising when another user places a higher bid
Allow user to end the auction by purchasing the product immediately at a fixed price
Encrypt or show usernames when they make a bid on the product
Send an automatic email to the user when:
the auction is closed
he/she won the auction
his/her bid has been exceeded
Receive an automatic email when:
the auction expired and the product has no bids
the auction expired and the reserve price hasn’t been reached
the auction expired and has a winner
Show the recent auction products in the sidebar
Choose to show or hide the auction products on your shop
Hide the products on “Shop” page for which the auction is closed or hasn’t started yet
User can:
make one or more bids for the product
raise his/her bid automatically basing on the increase chosen by the administrator
check the complete list of the bids made until then directly from “My Account” page
purchase the product immediately at the pre-set fixed price