This document discusses different payment options for users and vendors of an auction platform, including auctions, direct payment, and barter. It outlines the auction process, noting products are evaluated based on factors like search frequency and reviews, and higher rated products are auctioned to make more profits while others allow direct payment. The document also lists advantages of cloud computing like lower costs, improved performance and unlimited storage, along with disadvantages around security, control and bandwidth costs. It predicts more small and medium firms will use cloud services while large companies may build private clouds, and outlines a potential software implementation project.

1. SERVICESFOR USERAUCTION

2. DIRECT PAYMENTFOR VENDORBARTERAUCTIONBasic definition: Selling of a product or service through bidding

3. Evaluation System:

4. Each product has an associated ‘APPLICATION RATING’ to evaluate the true worth of the products.

5. Evaluated taking into considerations parameters like search frequency, user-reviews, competition weightage

6. Higher the application rating , higher the demand

7. To make more profits, these products are auctioned while the other are made available to the users by direct payment