| dc.description.abstract |
Nowadays people cannot afford to waste their time and traveling miles to find
buyers. They prefer an easy approach to sell and buy their products. Available
platforms are failed to provide security and continuous engagement with their
users [1]. An online auction (also electronic auction or E-Auction) is an auction
that is held over the internet. An auction site is a website, where the price of
a product or service is determined by the winning bid. The auction site allows
the user to name their price for any posted products or services within a certain
time frame. The price rises depending on the bidding people. The person who bid
with the highest price within the set time frame will be the winner. Online
auctions have effectively created a giant virtual marketplace where people can
gather to buy,sell, trade, and check out the goods of the day. They're enormously
popular, high-traffic venues where you can begin selling products almost
immediately, with No overhead or upfront costs, No salesstaff or distributors, No
website of your own, No initial investment. Online auctions include business
to business (B2B), business to consumer (B2C), and consumer to consumer
(C2C) auctions.
A platform will be provided that will be more secured and unique in some
features that do not exist before. The product will be categorized that enables
sellers and buyers to perform their activities as needed. Any Feature and fault
of the product will not be hidden from the buyer. To make ensure the
authenticity of the seller, this seller has to deposit a security fee |
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