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Results for “Auction marketplace”
Auction Marketplace
An auction marketplace is a digital destination where multiple buyers and sellers participate in auction-led transactions, supported by listings, discovery, bidding, trust controls, payments, commissions and marketplace analytics.
Open destinationBuyer's premium
A fee charged to the successful buyer in addition to the winning bid or hammer price, often calculated as a percentage or tiered amount.
Open destinationCommission
A fee paid to the marketplace, auctioneer, or platform operator based on listing, transaction, sale, service, or revenue-share rules.
Open destinationEscrow
An arrangement where funds or assets are held by a trusted party until defined transaction conditions are satisfied.
Open destinationFulfillment
The post-transaction process covering payment confirmation, documentation, picking, release, collection, delivery, or service completion.
Open destinationGMV
Gross merchandise value: the total value of transactions completed or recorded through a marketplace before commissions, refunds, and other adjustments.
Open destinationKnow Your Customer (KYC)
Identity and due-diligence checks used to verify customers, sellers, buyers, or counterparties before granting transaction privileges.
Open destinationLiquidity
The ability of a marketplace or auction to consistently match qualified supply and demand with enough participation to support transactions.
Open destinationMarketplace operator
The organization responsible for participant governance, listings, transactions, services, commercial rules, support, and marketplace performance.
Open destinationNegotiated sale
A transaction completed through direct commercial discussion rather than solely through competitive bidding, sometimes following an auction.
Open destinationNetwork effect
The increase in marketplace value that can occur as more relevant sellers, buyers, services, data, and transactions participate.
Open destinationTake rate
The percentage or effective share of marketplace transaction value retained as platform revenue through commissions or service fees.
Open destination