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Sunday, March 20, 2022

The Functioning of Free Online Auction Sites

Free online auction sites are now the preferred route for fundraisers because of the many benefits that they bring to the table. All the advantages of an online environment are offered here and they are not only convenient for the organizers but the participants too.

Before going into some of the benefits, it is relevant to understand the functioning of the free online auction sites and are they really free.



The second point will be answered first.

Free online auction sites do not charge any fees for conducting the auctions. It includes registration of potential bidders, uploading photos of the items for sale on the site, conducting the bidding, and finally declaring the winners. However, organizers have to pay the usual charges for using third-party services such as payment gateways. These sites get their sustenance from donors and sponsors and are a blessing in disguise for charities.

Here are some of the benefits offered by free online auction sites.  

First, conducting auctions on these sites is very cost-effective. `Think of the huge expenses for holding a traditional auction. A venue and an auctioneer have to be hired and that can set you back substantially. Further, all the goods for the auction have to be transported physically to the venue for display. All these aspects are not relevant on free online auction sites. Participants have to register on the site, check the photos of the items, and place their bids from any Internet-enabled device such as a smartphone, tablet, or laptop.

Next, the bids at online auctions are generally higher than the usual auctions because the bidding is more competitive as participants are located all over the globe.

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