Why Should You Go For Penny Auctions?

Penny auctions are fast becoming the in thing online today.  Site operators are quickly launching sites because of the sheer profits the business model presents.  Users are likewise motivated to bet into the bandwagon because of the saving they will be garnering, not to mention the entertainment they will be enjoying in the process.  If you haven’t tried out penny auctions yet then you may want to consider the following points when looking into registering for the next big thing in your shopping activity. 

First of all you should find out what a penny auction is.  What is it exactly?  A penny auction is called such because while it is a venue that auctions of items just like a typical auction, every bidder is able to do so not by raising the total value or cost of the item but through incremental increases: using pennies!  That way more people will be able to enjoy the auction with the item price being too high.  Ready to find out more why you should go for penny auctions?  Read on! 

It’s easy to register.  All you really need is an internet connection and a credit card.  First, go to your penny auction site of choice and start the signup process.  It’ll ask for your credit card details so make sure that you’re signing up for the right penny auction (more details on that later on).  After you register with some personal information and place your credit card details right in, you’re in! 

Before doing all of that, you must be sure to READ the TERMS and CONDITIONS that you’re signing in before launching yourself into penny auctions.  More often than not these penny auctions will be asking for some sort of membership fee whether you use the service or not so watch out for that.  If you are unwilling to pay that fee then don’t click on anything that says that you agree to the terms. 

Finally before clicking anything or giving your credit card details make sure that you do a quick background check of the site of your choice.  Because it’s so easy to set up a penny auction site you will definitely come across some site owners that will use the format to scam people out of their money.  Luckily for you these scam stories will most likely be shared online by scam victims so you can be sure that you can read up about them by doing a quick Google search of the site that you’re planning to join and voila, that’s all that you’ll need in order to find out whether what you’re joining is safe or not.  Always look before you leap!  

Online bidding without bounds.  More often than not when you’ve tried online bidding in a site such as eBay, you may have at some point dropped out of the bidding process because the bid may have been beyond your budget.  Or you may have inadvertently won a bid just because you were carried away by the joy of bidding.  These problems are a non-issue when it comes to penny auctions.  That’s because as said earlier, the increase is incremental.  Even if a hundred people bid a penny on the same item that you want, that’s just $100.  So as long as you have bid points, your chances of winning are pretty much the same as every other person who is participating in the bid.  

95% savings.  And we’re not just talking about typical savings here—this penny auction system only makes you pay for only 5% of an item.  And this is no ordinary item—penny auctions list the top luxury brand items on their lists to keep people interested.  iPads and iPhones are typical of any penny auctions offer.  You may be wondering how a penny auction site makes money—well, it’s actually easy.  For every “penny” that’s cast as a bid in the penny auction the site makes a certain amount of money because people who want to bid will have to buy bid credits!  And bid credits are not priced as pennies even though they are referred to as such!  They actually cost more, like a dime or even as high as 50 cents!  The main thing to remember here is that when someone casts their bid it will only add a total of a penny onto the price of the item, but the cost of buying a penny credit definitely costs more than one cent. 

Delivery within a week.  The great thing about winning a penny auction is the speed in which people receive the items that they’ve won.  That’s because penny auctions purchase the prize item based on the location of the winner: they will purchase within the city or town of the winner in order to save on shipping costs.  It’s a legit item but it costs less for the auction house to give away because they have less costs incurred in shipping it.  It’s also bought online so the fees are definitely a lot less than something bought in a traditional store.  

Keep an Eye Out for More Penny Auctions

How do you find the Penny Auctions worth your time? When you start surfing the web for penny bidding sites, finding a good one on your own, may be a wild game of trial and error. Like any other auction, you are going to have to invest a little bit of time and energy actually bidding.

You begin with the big guys who play a big penny auction game. These are popular sites like Quibids.com and Bidcactus.com, by going through the big ones you will have a basic understanding of what to expect and will be more readily be able to try out niche penny auction sites. You may seek them out, penny bidding sites that offer special interest prizes such as travel tickets, gadgets, health supplements, coupons, sign up and see what they have to offer. New internet gaming sites and even the good old penny auctions sites are a ever-changing growing entity looking for fresh bidders. Don't be afraid to try, winning a prize would be eventually worth it.

Wii U on Wippy: A Big Win for Gamers

Here's more good news for penny auction fanatics!

A top running online penny auction site Wippy.com is now carrying Nintendo’s latest gaming console, the Wii U, which is also available for up for bids or purchase on the auction site. The Wii U since its initial launch back in November 2013, has been enjoying healthy sales on Wippy.com and continues to be one of the penny site’s most sought after products.

Wippy.com also carries, in addition to a wide range of products, other Nintendo products including Wii U games and accessories, previous Nintendo models such as the Wii and its games and accessories, as well as Nintendo handheld devices such as the 3DS and Nintendo DS.

The Wii U game console is reverse compatible and will run Wii games in addition to its library of Wii U games. It contains 32GB of internal flash memory for the Deluxe version and 8GB internal flash memory for the basic model. The Wii U also supports full HD display, 4 USB 2.0 slots and super fast internet WiFi speeds up to 150 Mbps.

The Wii U, Nintendo’s stellar new game console comes with a unique controller that will remove the traditional barriers between the player, their games and their TV by creating a second window into the game world. Incorporation a 6.2-inch, 16:9 aspect ratio LCD touch screen right in the game controller, gamers will be able to experience their games to whole new heights. The gamepad also includes standard button and analog stick controls, motion control, front-facing camera, microphone, stereo speakers, rumble features, sensor bar, stylus, rechargeable battery and support for Near Field Communication.

Other top selling Nintendo Wii U products sold on Wippy.com include popular titles such as Nintendo Land and New Super Mario Bros. U.

The availability of the Wii U and other digital devices, including those from Microsoft, Apple, Samsung, Sony, Toshiba and more, is in line with Wippy.com’s objective to provide fully stocked up-to-date electronic and consumer goods all at affordable prices with an average of up to 95% knocked off the original retail price.

Wippy.com is available in over 20 countries worldwide with language and customer support for regions all around the world. To learn more about Wippy.com, please visit: http://www.wippy.com  

iPhone 5 big sales mover for Wippy.com

Premier online penny auction site Wippy.com is proud to announce that Apple’s flagship phone, the iPhone 5, is available for purchase. The iPhone 5 since its initial launch back in September last year, has been enjoying healthy sales on Wippy.com and continues to be one of the site’s most in demand products. Wippy.com also carries, in addition to a wide range of products, other Apple products including similar devices to the iPhone 5, such as previous iPhone models, 5th generation iPod Shuffles, iPod Nanos and iPads.

The iPhone 5 comes with a new and updated sleek design, a 4-inch Retina display, a faster Apple-designed A6 chip with ultrafast wireless technology and improved battery life. iPhone 5 runs the latest version of Apple’s home grown operating system, iOS6 with over 200 new features including, Maps app, Facebook integration, Passbook organizer and Siri voice and language support.

The iPhone 5 is the thinnest smartphone in the world, with an all-new 7.6 mm anodized aluminium body that is 18 percent thinner and 20 percent lighter than iPhone 4S. The 4-inch Retina display is now taller not wider allowing for better use with touch screen applications, scrolling and for wide screen HD video display. The iPhone 5 supports dual-band 802.11n Wi-Fi support for a wireless experience as fast as up to 150 Mbps.

The iPhone 5 also comes with a powerful 8 megapixel camera redesigned with incredible optical performance, yet amazingly 25 percent smaller than the camera found in the iPhone 4S. The new iSight camera in iPhone 5 features a sapphire crystal lens cover that is thinner and more durable than standard glass with the ability to provide crystal clear images. The new panorama feature lets you capture jaw-dropping panorama images of up to 28 megapixels by simply moving the camera across a scene in one smooth motion. New video features include improved stabilization, video face detection for up to 10 faces and the ability to take still photos as you record. A new FaceTime HD front facing camera makes FaceTime calls incredibly clear and can also be used for self portraits and recording 720p HD video. iPhone 5 also allows you to share photos with friends and family using iCloud’s Shared Photo Streams.

The availability of the iPhone 5, current and previous Apple products, and other digital devices, including those from Samsung, Sony, Toshiba and more, is in line with Wippy.com’s objective to provide fully stocked up-to-date electronic and consumer goods all at affordable prices with an average of up to 95% knocked off the original retail price.

Wippy.com is available in over 20 countries worldwide with language and customer support for regions all around the world. To learn more about Wippy.com, please visit: http://www.wippy.com  

The Penny Auction Process

Here's a quick overview on how the Penny auction process works:

1. Pay a fee to register using your credit card
2. Buy a Bid Package. Example rates "100 bids for $25"
3. Pay for additional bids when you run out. Rates range from 10 cents to $1 to bid extra.
4. Penny auctions start at zero, and each bid made by all the players online at that auction will increase the price of the product by a penny.
5. Time pressure: Will you be the highest bidder when the clock stops?
6. The penny auction that never ends- the auction may go on and on unless a ceiling price is met. Every time someone bids, the running time of the auction is extended.

NerdWallet's Take on Penny Auctions

So what has Mr. NerdWallet has to say about Penny Auctions? Ain't it kinda too late in the game to make this assessment on penny auction sites? But we do need our nerd fix even if its about risking bidding and saving face. So head on to his site to read more about the wild west of penny auctions.

Patience Rules in Winning Penny Auctions

Mom won't get you you're very own iPad? Can't afford one even with your day job? Then try your hand at Penny Auctions and WIN one for a fraction of the retail cost.



As a general rule, to win at any of the online penny auctions, you must be the one with the lowest and last to bid at the end of the auction. Time based auctions have a set clock for when the auction ends regardless how many bidders there are. But grabbing a bargain isn't that easy as it sounds, you have to bid your way or outbid other players. Like any game, penny auctions requires a lot of patience and strategy.