A penny auction is similar to a traditional auction that has evolved to produce a few innovative features, is a type of all-pay auction through which most participants should spend any non-refundable price to place each small incremental bid. The auction stops after a period of time, typically ten to twenty seconds, without new bids; the last participant to have placed a bid wins the item and pays the final bid price, which may be significantly lower than the retail price of the item. The actual cost of winning an auction is the combination of the number of bids placed in order to win a particular item plus the final auction price.
Introducing PriceBenders Penny Auction.
Pricebenders™ is a section at TripleClicks.com that features live "penny auctions."
Pricebenders™ Auctions deliver brand new (and, occasionally, refurbished), brand name merchandise, gift cards, and more at prices that are far below typical retail. In fact, prices start at just $.01. With each bid received, the price increases by just one cent. The final bidder may then buy the item for the ending price (usually a fraction of the normal retail price).
TripleClicks "TCredits" are used for bidding. TCredits are available in packs of 1, 10, 20, 50, and 200...and for as little as $.29 a piece. Once you've got your TCredits, you're ready to start bidding. Be the final bidder and you win the item. It's that simple!
Special note: With Pricebenders™, even when you don't win the auction, you still win!...because for every bid, you earn 5 Member Rewards Points (MRP) MRPs can be redeemed on tens of thousands of different TripleClicks products and services and music downloads.
One more thing: Each Pricebenders™ Auction also includes a Pick-The-Price (PTP) contest, in which TC Members may win 100 FREE TCredits that can be used for bidding on future Pricebenders auctions, music downloads, listing no-longer-needed stuff for sale on TripleClicks, purchasing products, and more.
It's only 1 TCredit to enter, and you'll also get 5 MRP with your entry. Just log in at TripleClicks at the start of each new feature auction and click the Pick-The-Price Contest button. Then, just submit the amount you think will be the winning price of the item. You can enter each time we start a new auction, so you'll have multiple chances to win each day. If no one predicts the exact final price, the person who is closest without going over wins 25 FREE TCredits. In the event of a tie, the person who posted the winning prediction first will receive either the 100 or 25 FREE TCredits prize, whichever is applicable.
