Penny Bid Mechanics
The concept of penny bid is different from the way of what traditional auction adopts. You need to pay for placing a bid. The auction ends when time runs out. If no new bids appear before time is up, the last bidder wins the item.
Generally, Swoopo(US/UK/CA), one of the world’s most innovative auction sites, allows users to purchase items at about 35 percent off the retail price, and sometimes, even lower. In a word, the winner will get a product at an extremely low price. And the premium products from Swoopo include: computers, cameras, game consoles and even cars.
Before entering into an auction, registered users need buy bids/ credits. Take Swoopo as an example, its bid-credits cost $0.60 apiece and are sold in lots/ BidPacks of 30, 50, 100, 300, and 700. Each credit is required for one bid.
Bid Package Promotion
Generally, players buy bid package as bulk sales sometimes have a discount and it saves money. For instance, enter our Exclusive Coupon Code WINNER during check out to get $20 off your first win at Swoopo.
Enter Exclusive Voucher Code MADSNAPSHOT during check out to get 10% off bid package purchases at MadBid.
Enter EXCLUSIVE Coupon Code CSHOT93 during check out to get 30% OFF $93, Bid on Hot Products like a new Mac Book Pro for $200 at Bidaroo. Expires: Dec 31, 2009
Hope you good luck to win! If you want to find more penny auction promotions, here is a collection of penny bid coupons and deals.