| Penny auctions seem to be a great way to purchase | | | | And some of these auction sites are scams. Some |
| items for very low prices. But as with all amazing deals | | | | have employees or bots that bid on auctions to keep |
| you have to wonder if these auctions are really fair. | | | | the price going higher and to keep people spending |
| This is the question but first you need to understand | | | | their bids trying to win, making them spend more just |
| what a penny auction is. | | | | so the site will make more money. Occasionally you |
| What Is A Penny Auction? | | | | will even find sites where the items are not even |
| A penny auction is an auction where every bid raises | | | | delivered to the winner but this, hopefully, is the |
| the price of the item up for bid by one cent. Bids must | | | | exception. |
| be bought so you will be paying more than one | | | | So Are They Fair? |
| additional cent when you make a bid. You will also be | | | | You cannot really judge all auctions. Some have |
| paying whatever a site charges you to make that bid. | | | | different rules. You could walk away with nothing after |
| And you are only making a bid so you may not even | | | | spending money on bids but you should know that |
| win. You may get an amazing deal or you may end up | | | | going in. That makes it sound unfair but you have a |
| paying for bids, using them, and walking away | | | | choice of whether or not to take the risk. Some sites |
| empty-handed. This is why some people call the | | | | are clearly unfair when they arrange for fake bids to |
| fairness of penny auctions into question. | | | | be placed to keep auctions going. |
| What Could Be Unfair About Countdown Auctions? | | | | Are countdown or penny auctions fair? Sometimes |
| Some think that the concept of a penny auction is | | | | they are and sometimes they are not. Just be ready |
| unfair. You could pay for bids and still not win. People | | | | to lose money even if you do not win prizes. |
| do not like paying something for nothing. | | | | |