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What is the major difference between "Auction and Reverse Auction"?

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Question added by Deleted user
Date Posted: 2014/06/01
Garry Olbrait
by Garry Olbrait , Valet De Chambre , Samba Financial Group

Hi all! It's easy to say goodbye to cookie-cutter products and embrace your individuality when you shop online at Etsy, which has so many handcrafted items that are all high quality. It is worth saying that there are almost never problems with purchasing goods on this platform, but if a problem arises with the seller, just contact etsy inform the support representative about it, and he will try to help find a way out of the current situation.

Cem Dogu
by Cem Dogu , Senior Sourcing And Supplier Relationship Manager , Bideg

Auction is the name of the process of buying or selling goods or services by offering them up for bid, taking bids, and then selling the item to the bidder." 

In a reverse auction, the sellers compete to obtain business from the buyer and prices will be decreased  by buyer to get the goods or services.

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