"Auction sniping" is when users place bids in the last seconds of an auction, trying to buy the item, without revealing their intentions by placing bids early on the process.
It seems the software works with local on-line auction giant Trade Me and the American service eBay.
Actually, looking at their logo, even the colours are similar to Trade Me, so we know they are really after the local market for this kind of software. Have a peek:
I think the company might do well with the local New Zealand market, since I haven't seen similar software around. Of course trying to compete with other eBay auction sniper software is going to be tough: Google alone returns a million results for "auction snipe".
I have contacted Rowan Simpson, who's just left Trade Me, about this. He confirms that automated tools are not allowed and changes in the "auto extend" feature means that currently all auctions will automatically extend if there are bids in the last minutes - and this can not be turned off. This change alone makes any "sniper" tactics somehow innefective.
UPDATE: And this is the reply from Trade Me support, which surprisingly came during the weekend (I was actually expecting to receive a reply on a business day):
I have looked into this for you and can see that we do not support the use of third party software that interfaces with the website, due to corruptions that can occur.
If you aren't able to be at the computer when an auction is closing I would recommend setting up an auto bid.
If you have any further questions or if I can be of any further help please do not hesitate to contact me. Have a great weekend.
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