Penny & Reverse Auction The New Rage On The Internet ?
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here is the views about the penny auctions rage? but the real issues seem to be are the vendoers allowed to make a lot of money as long as the cutomers get what they bargained for ? We say yes how about you ?
order to understand the heavy criticism and controversy that Telebid caused in its home country it is necessary to understand the basic concept of the whole thing, i.e. how Telebid works. I’ll do my best to explain.
Telebid sells brand new stuff through a unique bidding system. Those can be products such as ipods, LCD-TVs or even cars. Every product starts at a ridiculously low price to attract the maximum number of potential buyers. Everybody who is interested in buying can express their interest by placing a bid. As soon a bid has been placed a countdown for that specific product is set in motion. It counts down a
