Penny Auction

Penny Auction

Penny auction is a payment auction bidding method whereby a minimal non refundable charge is billed per participant in order to place the initially incremental bid. Article this the amount as very well as age keeps on escalating with each and every successive bid that is positioned. The participant, who is the final to place his bid when the timer arrives down to zero, is the successful bidder. The winner of the Penny auction has to shell outside the ultimate bid value for an product which is a whole abundance lessen than its retail fee.
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