The system is very easy to operate. Once you sign up for a manager account you are able to design your own auction page via the Online Auction Wizard. After that you basically just have to add your items and start the process of running the online auction. People will be able to bid on your BiddingOwl website and they receive text message and also email notifications once they have been outbid and/or they have won the item.
As far as the cost goes, we charge 5% of your revenue. This is calculated by adding the highest bids placed for all the items.
All parameters as far as timing and pricing are up to you.