Category: Penny Auctions

Posted on: October 23, 2023 Posted by: admin Comments: 0

What is a penny auction

A penny auction is a unique form of online auction where participants place incremental bids on an item, and each bid increases the auction price by a small amount, often just one cent. These auctions are also known as “pay-per-bid” auctions or “bidding fee” auctions. Unlike traditional auctions where the price increases by a set amount with each bid, penny auctions increase the price only slightly, typically one cent. Here’s…