Fixed Price
|
No
|
Yes
|
No
|
Commitment Fee (Token Amount)
|
2% - 3% Commitment Fee (Token Amount)
|
2% - 3% Commitment Fee (Token Amount)
|
2% - 3% Commitment Fee (Token Amount)
|
Transactional Closure Period
|
5 Days
|
5 Days
|
5 Days
|
When Commitment Fee (Token Amount) is Charged
|
When seller accepts a best offer
|
When buyer commits to buy
|
When highest bidder wins
|
No. of Attempts Allowed Before Seller Accepts
|
5
|
None
|
Unlimited until Auction ends
|
Full Payment Upfront
|
N/A
|
N/A
|
Only in case of "Buy Now"
|
Is Price Negotiable
|
Yes
|
No
|
N/A
|
Who all can participate
|
One seller and multiple registered buyers
|
One seller and one registered buyer
|
One seller and multiple registered buyers (bidders)
|
Which Price is mentioned
|
A selling price is mentioned on which buyer can give up to 5 best offers
|
Non-negotiable selling price is mentioned
|
Minimum bid is mentioned and bidder can make a higher bid
|
Which Buyer Gets Order
|
Best Offer selected by Seller
|
First buyer who pays the commitement Fee (Token Amount)
|
Highest bidder after Reserve Price is met or Buyer paying full "Buy Now" Price
|
Seller Can Accept Any Price
|
Yes
|
N/A
|
N/A
|
Buyer Knows About Other Offers/bids
|
No
|
N/A
|
Yes
|
Does system reject lower than existing bids
|
No
|
N/A
|
Yes
|
Can it be combined with droom promotional offers and deals
|
Yes
|
Yes
|
Yes
|
Reserve Price
|
N/A
|
N/A
|
Yes
|
Start Time
|
Decided by seller
|
Decided by seller
|
Decided by seller
|
End Time
|
Sellers Selects an offer and closes the deal
|
Buyer commits to buy
|
Auction time limit ends and higest bidder wins, Buy Now
|
Transaction Button is Called (in app & on Website)
|
Make Best Offer
|
Commit to Buy
|
Bid Now or Buy Now
|
Duration
|
Until listing is sold or deactivated by seller
|
Until listing is sold or deactivated by seller
|
Until Auction ends
|
Covered By Droom Buyer Protection
|
Yes
|
Yes
|
Yes
|