InsectBay is a marketplace that allows users to offer, sell and buy everything concerning entomology such as dried invertebrate specimens, live stock, entomological tools (like pins and forceps), laboratory plastic, chemicals, laboratory optics and other equipment in a variety of pricing formats and locations as well as souvenirs like framed beetles and butterflies.
There are several auction types: regular auctions, regular auctions with Buy It Now price, Buy It Now only auctions (like ordinary web-shop). Users can bid regularly or by proxy. The (proxy bidding is also known as automatic bidding), and if the seller accepts price suggestion, the buyers (bidders) and sellers can have a more vivid bidding conversation.
The main features that you can take into consideration, working with this site:
- Standard Auction: Sellers list their items and the start price, buyers place their bids on the item and compete with each other. When the auction ends, the best bid (highest bid) will be automatically chosen.
- Standard Auction with manual winner: Sellers list their items and the start price, buyers place their bids on the item and compete with each other. The winner can be chosen by the seller at any time. Sometimes the price is not the only winning criteria, or the seller does not want to wait until the auction ends in order to award the item.
- Standard Auction with Buy-it-now price: Sellers list their items and the start price and a buy-it-now price for the item, buyers place their bids on the item and compete with each other. If at any time a buyer clicks the Buy-it-now button, the item will be instantly awarded to that buyer.
- Buy It Now Auctions: This type of auction resembles the classic multi-vendor shop, where the sellers post their item with a fixed price, and buyers get awarded just by accepting this price. Sometimes the sellers enable "price suggestion" for this auction - this allows the bidders to send their price offer to the seller (maximal 3 suggestions per auction) and if the sellers agrees, then the bidder might get a lower price than the Buy It Now price.
- Smart search: species name autocomplete; google images suggestion.
- Image Set for every auction.
- Category System with Category Watch-list.
- Sellers can set up Starting Price, Reserve Price (minimal price reasonable for seller), Buy It Now price.
- Every auction has Multiple currencies lookup with daily exchange rate update.
- Sellers may set up a minimum increase per auction (minimum distance between bids). Be ready that this distance is different in different sellers.
- Shipping prices can be set up by seller according to shipping zones.
- Sellers may add tags in order to search the auctions much more easy.
- Users can have their own Watch-list (auctions that they just follow).
- Offending Auctions can be Reported to the Administrator.
- Certain users can be blacklist for incorrect behavior from bidding to the auctions or just one specific auction.
- Bids can be placed in an input box or placed visually using the Bid-Band.
- Bidders can place Proxy Bids(also known as Automatic bidding).
- Bidders can send Price suggestion (in BIN only auctions).
- Bidders can ask sellers questions using the Auction Messaging System.
- Winner and seller can rate each other using the included ratings system.
- Separate listings for: My Bids, My Watchlist, My Won Bids.
- Bidders can suggest prices to the auctioneer, and receive counteroffers.
- Well known and reliable Payment Gateway: Paypal.
Payment Items (revenue generating features)
- Buyers don't pay any fees for transactions.
- Buyers don't pay for contact information of the seller. Seller's contact information is available only for auction winner.
- Buyers don't pay for bids.
- Buyers don't need to pay to payment gateway (PayPal). Their fees are included in prices already.
User Profile features
- Extended User Profile - Contact details and PayPal email.
- User Rating - General Rating, Rating as a seller, Rating as a buyer.