The Functioning of Free Online Auction Sites

After the restrictions arising from the Covid-19 pandemic and strict implementation of social distancing norms, auctions, the primary platform for fundraising, have moved online. Auctions are mostly conducted now through specialized websites running on cutting-edge and advanced software.

One of the advantages of these websites is the minimal cost charged by them for conducting online auctions. Most of them are free online auction sites with advanced software guaranteed to make an online auction a successful and entertaining affair.  

The point now is how these free online auction sites function and how free they are.

The first point is to carefully select free online auction sites by thoroughly researching the Internet. Some free sites have certain restrictions like the number of items that can be put up for an auction and the number of photos that can be displayed per item. Go through the fine print before selecting free online auction sites to hold your event.

On free online auction sites, you can either choose to auction a single item in bulk or several items. Free sites often restrict item display and hence choose items that do not have to be explained in detail, examples being computer hardware, toys, vacation packages, and event tickets. These items constitute about 43% of sales at free online auction sites.  

Before you select a site, do some research and find out how free are these free online auction sites. They generally do not charge anything for displaying photos or levy any flat fees. However, a nominal administrative charge is often levied. But certainly, you have to pay fees of third-party service providers like payment gateways and fees of credit card issuers.