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  1. #1
    The "other" left wing davidh's Avatar
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    Carpe Diem - Penny Auction Sites
    From a popular penny auction site's terms: "Bids placed on an auction are considered "used" and are deducted from your account." In other words, they take your money whether you "win" an "auction" or not!

    Here's a site that offers links to more info about what's going on with these joints: Penny Auction (page 2) | Forum | WOT (Web of Trust)
    CUSTOM BANNERS by GRAPHICS CANDY ~ Banner Sets and Website Graphics ~ Professional design, reasonable rates
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  3. #2
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    depends on the site, doesn't it? some promise to return lost bids.

    but honestly, that's how they get away with selling an iPad for $20 or whatever. The cost of the bids from both winners and losers > the retail of the item.

    it's a great business model. sadly it's a saturated market. gotta spend plenty on marketing.

  4. #3
    The "other" left wing davidh's Avatar
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    but honestly, that's how they get away with selling an iPad for $20 or whatever. The cost of the bids from both winners and losers > the retail of the item.
    There is no "honestly" in that equation though, is there?
    CUSTOM BANNERS by GRAPHICS CANDY ~ Banner Sets and Website Graphics ~ Professional design, reasonable rates
    DESIGNER DOG CHECKS ~ We double-dog dare ya to write one!

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