Celtic Dragon

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Sunday, 10 October 2010 Penny auctions What is a buy now option?

Penny auctions are a fun, exhilarating and unique way to shop online and make savings. Penny auctions are pay-to-bid auction sites where users compete against each other to win the right to buy a top brand product for an amazing discount, usually pennies. Whilst they are a great way to have fun, if you are the winner then great but if not you are likely to have lost some money with the bids youve placed. Thats why its better to use one of the better sites that offer a Buy Now option on their auctions. For example, MadBid.com offer a Buy it Now option on the majority of their auctions and those that do not win the auction have the option to buy the product during the auction or for up to 24 hours after the auction has closed. So effectively youre a winner too because youve still got your product and the cost of your bids back as they have been discounted from the final price.

Whilst sites like MadBid.com offer these great options, be wary of some other sites that have over inflated Buy it now prices, so you end up paying more than what you would elsewhere and some sites only offer a percentage of the cost of bids placed as a discount, so you are not getting the full cost of your bids back and this could end up costing you even more.

Posted by PennyAuction at 18:17 0 comments Pay-to-bid auction sites…are they worth it? Thousands of people a day in the UK are registering with penny auction sites in the hope of making a huge saving on top brand products. However, unlike traditional auction sites such as eBay penny auction site use a pay-to-bid model where you will have to purchase your bids in advance in order to be able to bid in one of their online auctions.

The best penny auction sites in the UK have a wide range of products available each day from electronics, kitchenware, jewellery, cars and much more. However the question is once you have purchased the bids placed them on the auctions and pay the final closing price is it worth it? Well with some site yes it is. Sites such as the UKs leading penny auction site MadBid.com has over 100 different products a day up for auction and charge only 0.50 per bid.

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Found At: (1 Penny Auctions) http://pennyauction.blogspot.com

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