Penny auctions work as a traditional auction. The only difference is that you can only raise 1 penny at a time. Every auction has a countdown timer. When the bid is raised the timer is reset to a predetermined bid time. If no one raises the bid before the time is out the auction closes and the last bidder wins.
Categorized | Auction News
Budson.com Pennyauctions – Instructions
Posted on 14 May 2010 by admin
7 Comments For This Post
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May 14th, 2010 at 12:47 pm
Budson…just another lame fake auctionsite.
Dont trust your money on these online sites and dont trust these fishing videos posted here.
They know how to fool your pocket in many ways, like using bidding bots. Maybe they let you win a cheap product when its about their interest, dont think you just got lucky.
Im not telling all this because i lost or i dont have enought money to throw away. I would never risk a cent in these online sites, not even in ebay auctions, casino, poker or similar BS.
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May 14th, 2010 at 1:35 pm
You are right. Ebay is a real auctionsite, this is theft! I bought for 20euro’s bids for a watch, had the lowest bid and because 3 more had the same bid and my lowest bid was gone! Money one, no watch! This is SCAM first class!! Dutch goverment announced to forbid these scame by law. They are right!
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May 14th, 2010 at 1:48 pm
Nee!
Neem het voorbeeld in dit filmpje:
De tv staat nu op 15,63
er kan alleen verhoogd worden met 1cent dus er is in totaal al (15,63×100) 1563 keer geboden, elk bod kost $1,50.
DUS 1,50 X 1563 = 2344 euro.
Dat betekend dus dat het bedrijf dikke winst maakt!
Stel jij wint deze tv, dan betaal je 15,63 + het aantal biedingen wat je gedaan hebt van 1,50.
Dus stel je hebt 10x meegeboden dan betaal jij voor deze tv: 10×1,5=15 euro + 15,63.
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May 14th, 2010 at 1:59 pm
i just bought an ipod shuffle but i dont trust websites that usually ask to pay online any body tried this and had it sent home with no extra fees??
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May 14th, 2010 at 1:59 pm
its not a scam
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May 14th, 2010 at 2:04 pm
srry i posted this in euro’s but i posted the exact same thing there,
dus als ik het goed begrijp, moeten we niet de vergoedingen vergeten,
dus diegene wint de veiling voor het bedrag in centen die je koopt voor 1,50 per cent?
oke reken ff mee,
640 centen x 1,50 = 960 euro + verzendkosten.
terwijl die tv 1190 euro kostte, veilen jullie hem voor 960 euro
1190 – 960 = 230 verlies ????
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May 14th, 2010 at 2:36 pm
£1.50 for each bid! fucking scam
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