Abstract: A method, computer program product, and computing system for defining one or more auction parameters for an online auction. If it is determined that the one or more auction parameters were met, the online auction is initiated.

Abstract: A method, computer program product, and computing system for initiating an online auction, wherein a defined quantity of users have registered to participate in the online action and the online auction includes a plurality of timed rounds. At the expiry of one of the plurality of timed rounds of the online auction, determining whether any additional rounds of the online auction need to be completed. If additional rounds of the online auction need to be completed, reducing the pool of registered users participating in the online action by a defined amount.

Abstract: A method, computer program product, and computing system for defining an entry fee for an online auction for an auctioned product. One or more users are registered for participation in the online auction. The entry fee is collected from each of the registered user, wherein payment of the entry fee is required to participate in the online auction.