The auction preferences is responsible for handling the general Auction functionality.

Display

• Show end time: Allow to show the end time of the auction.
• Show UTC: Display the auction time in UTC format as well to make sure the user does not get confused based on his time zone.

Notifications

• Notify this Email when Auction Closed: Provide an email if you want to be notified when the auction is closed.

Fee

• Enable Auction Fee: Add a fee to each auction to be paid by the highest bidder.
• Subscription Integration: Allow the store manager to setup a subscription for user to not have to pay a fee if they subscribe. Anyone without a subscription will pay the defined fee.
• Percentage: Define a percentage for the fee to be applied on the total auction price.
• Price: Define a fix price for the fee to be applied on the auction.
• Currency: Choose the currency for the fix price.

Re-Listing

• Automatic re-listing: Enable automatic re-listing of auction which expire and has no bidder.
• Re-listing Period: Define the re-listing period in days. How long the new listing need to be auctioned for.
• Grace Period: Define the grace period before re-listing an item. Before re-listing an item the system will wait for the grace period to expire and then re-list the item.

Important: The grace period is in hours

• Notify Vendor: Notify the vendor that some auction have been re-listed.