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.