SoftSwiss is not just about online casino and betting, but also about gaming auctions. Launched several years before SoftSwiss casino platform, our Merkeleon online auction platform has become popular among operators wishing to enter iGaming market without any legal and licensing hassle. Although auctions are just as fun to play as a casino and can be just as profitable, they do not officially belong to gambling and therefore allow for much easier launch procedure and quicker time to market.
Merkeleon online auction platform from SoftSwiss is a customizable and scalable solution which boasts perfect design, seamless performance and great ease of operation. It can serve as a basis for several types of auctions listed below.
You can also read more about how to start an auction website.
Unique bid auction is another way to offer exciting real-money gaming experience to players in the shopping mood and make a solid profit even by selling very expensive products at low prices. It is basically a game of chance. At the unique bid auction, the item is sold to a participant who offers either the lowest or the highest unique price, so you need to make guesses in order to place an unmatched bid. If there are two equal bids, both are considered invalid. Participation in the auction costs a certain fee so the operator always has stable earnings.
Reveal auction is another type of entertainment and source of affordable shopping for venturous buyers. It also provides high profits to the operator since participation in the auction is paid. The items are usually offered at an initial price equal to the retail one. With each new bid, the price decreases, but the ongoing price is never shown to the participants. In order to see the price, the user needs to make a paid bid. There are about 10 seconds to decide whether to buy the item before the price is hidden again. So, by spending bids and viewing the price, the participants lower it and increase their own chances to buy the item at the lowest cost.
There’s a high temptation to view the price again and again, but at the same time it adds risk that the item goes to another participant.