quibids - Penny auction online sites are becoming more popular. The lure of bidding pennies for a big ticket item and getting that flat screen HDTV or iPad for very low cost makes these sites attractive.
quibids - There is also the entertainment factor, most of these online auction sites are almost “casino like” in appearance and made that way to keep visitors engaged. Flashing bid banners and winners circle profiles are entertaining and make for a fun experience.
quibids - These sites work by having bidders purchase “bid packs” the bid costs vary from site to site and are anywhere from.50 cents to $1.00. Each time you bid the cost of the item goes up by a penny. Count down timers reset to 10 or 15 seconds on some items. For instance, you bid on an item with 4 seconds left the counter resets to 10 seconds and starts counting down.
If you have never visited one of these sites there are some things you should know before you decide to sign up and bid.
Make sure the site has a good reputation, look for the better business bureau label and read the ‘About us” page and user agreement.
Check out the front page of the auction to see what items are for sale. If they are name brand items that is good, if they are look-a-likes then don’t bid on them.
Watch for “bid packs” in the auction area, a few here and there are good, but if the page has them everywhere that is not a good sign.
Spend some time just watching the auctions after you sign up to get a feel for how things work.
Do not work with any auto bidding options until you are sure of how the bidding works.