When Smartsettle intelligence is applied to the auction process, outcomes are optimized for both buyers and sellers. No other auction in the world can boast like this. Smartsettle-powered auctions are an implementation of Visual Blind Bidding for multiple single-issue negotiations among multiple parties. The resulting top down eAuction allows buyers to simultaneously bid on any items that interest them. The system obeys the buyer’s budget to make sure that they don’t overspend. Buyers can take their time to browse all the items for sale and select the ones that best meet their needs. Last minute sniping is a thing of the past. Once their bids are set, buyers can relax and watch or go about their other business and be notified later of the results. This process produces an optimal match between buyers and sellers so that all parties get a better deal.
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