Easy way of understanding Revese Auctions

Today, I'm going to explain the basics of reverse auctions. This new way of buying comes in the opposite way of regular auctions like eBay, it can be defined as "Online Auctions in Reverse".

On eBay, everything is made for the seller who wants to sell items. He's the one who benefits from the buyer competition, rising the prices up. With Reverse Auctions, the advantage turns back to the buyer...

Oltiby.com has dedicated his marketplace to the buyer so they can SAVE money, instead of paying more and more in the last minute of a competitive regular auction. The buyer asks for the product he his looking for and the sellers post their bids. They are bidding on the price they are ready to sell the item for. Understood?