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General Info

A penny auction or entertainment auction allows users to purchase bids in order to participate in the auctioning of an item.

It involves a timer that is a critical component of the whole bidding system. As the timer counts down towards zero, it is reset to a certain amount of time whenever a bid is placed. This time is generally 10, 20, or 30 seconds.  The penny auction name depicts the currency amount for each bid; every bid placed raises the sale amount of the item by one penny. If you purchase the bids, they generally cost less - $0.60, $1, etc.

What are the benefits of penny auctions?

Compared to traditional auctions, penny auctions provide greater discounts as much as 90% on sale items in case a user wins the auctions. The winner of the bid will only pay the total bid amount for the item.  As the initial price of the item starts at $0.00 and the total bid amount is raised by one penny per bid. The auction sale price is often far below the manufacturer’s retail price for the item. For a user, the great discount is the benefit. For the penny auction owner, the competition, the lure of discounts, and the resetting of the clock offers huge potential profits.

Hours
Regular Hours
Mon - Fri:
Sat:
SunClosed
Services/Products

Electronics

Household Items

Bags

Electrical Appliances

Payment method
all major credit cards, debit, paypal
Categories
Auctions, Employment Agencies, Marketing Programs & Services, Online & Mail Order Shopping, Shopping Centers & Malls

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