Posts tagged "Penny Auctions"

Penny Auctions: How Do Penny Auctions Work

How Do Penny Auctions Work? Before we start, I hope you understand how a traditional auction works. Penny auctions work much the same way,  but with a few deference’s. Penny auction websites call most of these alterations as being a brand-new type of online retail shopping. However its a closer comparison to gambling. Fundamentally, a penny auction website does not operate like a normal web based bidding website such as eBay. A penny auction is a process in which a product is placed for auction. Every member on the website is able to see the auction and place a bid. […]

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Posted by - February 22, 2013 at 7:18 am

Categories: Misc, Money   Tags: ,