Showing posts from October, 2021

The working mechanism of Auction Marketplace

  An auction marketplace is an environment for buying and selling products and services. It matches buyers and sellers as per their bids and offers respectively. Buyers face competition in multiple bids whereas sellers present competitive offers. This competition settles down when the seller’s lowest acceptable price and buyer’s highest payable price make a match for any stock, service, or product. There are many enterprisers and sellers looking for a reliable marketplace. One such marketplace provider is The procedure is totally different from what you see in the case of the OTC market where we find direct negotiation between the involved parties. In auction marketing, the workflow is as follows: The buyers put bids as per their desirable monetary instrument that is going on in the market.  On the part of sellers, they offer their best products and services according to their comfortable monetary instrument. Now that both sides are ready