Penny Auction and Online Bidding 101
Not all shoppers like to get sweet-talked. Some just want to get all the facts, and decide for themselves whether to take the deal or not – not unlike pitching the idea of penny auctions to an opinionated newbie.
Here then, for all the self-thinking shoppers, is a straight up FAQ on penny auctions and online bidding.
Q: What are penny auctions?
A: Penny auctions (commonly called bid auctions) are progressive online bidding auctions where the price of an item increases by $0.01 each time a bid is placed. Users purchase bids in advance to buy products at discounted prices.
Q: What types of products can I win?
A: BidCandy.com offers products ranging from the latest televisions, MP3 players and laptop computers to jewelry and gift cards. These items are auctioned off at prices starting as low as $0.01 and end with values often far below their retail value. Most penny auction fans say this is what makes online bidding fun – the dynamic auction experience and the spectacular savings!
Q: What are bid packs?
A: Bid packs are groups of bids purchased in bulk, which allow you to continue bidding and winning penny auctions. BidCandy.com, for example, currently offers five different bid packs. These packs range from Bite Size to Super Size. Remember, the more you buy at once, the more bonus bids you will generally receive.
Q: How do I win?
A: Each auction starts with a set time limit. When the auction enters its final seconds of bidding (usually at the 1 minute or 30 second mark) each online bid placed extends the timer to allow others to counterbid. The last bidder when the auction timer reaches 00:00:00 will be the winner! As a winner, you will be able to purchase the item for the price listed at the end of the auction, plus shipping fees, but overall come out ahead with incredible savings.
Q: How is BidCandy.com different?
A: The bid auctions experience is all about having fun while shopping for great deals on the hottest electronics products. Here at BidCandy.com, we value our customers and want to thank those who use our site. Our reward program offers unique access to items such as free online bid packs and other exciting gifts. Simply participate in auctions and join our social communities to start earning bonus bids today!
Visit BidCandy.com today for the hottest deals on the best name brand electronics at unbelievably low prices!
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