| The used medical equipment industry has seen a | | | | he/she is the winning bidder at the auction’s closing. |
| significant shift into the ecommerce world as of late. | | | | Similarly, sellers that post items on auction ultimately |
| With an increasing amount of used medical equipment | | | | receive the highest possible true market value for their |
| buyers turning to online marketplaces to acquire | | | | items, if their auction closes successfully. |
| equipment, sellers using these online distribution | | | | Several online marketplaces offer sellers the ability to |
| channels have recognized that giving buyers various | | | | post used medical equipment auctions and sell their |
| options to purchase their equipment has a favorable | | | | items to the highest bidder, however most of these |
| impact on their sales. | | | | sites charge a fee for this service. One specialized |
| While the traditional method of selling used medical | | | | marketplace for buying and selling pre-owned medical |
| equipment online is still very popular amongst many | | | | equipment that recently eliminated their auction posting |
| buyers, another large segment of buyers prefer | | | | fee is Sellers can now post their used medical |
| purchasing equipment through online auctions. | | | | equipment for auction free of charge. According to |
| The popularity of used medical equipment auctions has | | | | MedWOW, this change was implemented to broaden |
| been on the rise due to the mutual advantages that | | | | the selling options for sellers. |
| they offer both buyers and sellers in the industry. | | | | The site also provides sellers with the option of posting |
| Since auctions implement a bidding functionality into | | | | a Purchase Now price on the items which they list on |
| transactions, a win-win situation is established for | | | | auction, enabling buyers to immediately purchase those |
| sellers and buyers alike. By bidding, a buyer sets the | | | | items at the preset price, before the listed closing date |
| price at which he/she is willing to purchase an item if | | | | of the auction. |