Bargain shopping just got a whole lot easier and more enjoyable. Online penny auction websites are all the rave these days and it’s no wonder. They offer a unique and entertaining competitive shopping experience providing the opportunity to secure highly coveted items at deep discounts.
For example, leading penny auction site Bidcactus.com recently auctioned off a new 40-inch LCD TV, which went for $4.14, and a $100 Walmart gift card, for 49 cents.
So how does it work? To start, consumers place bids on items using credits that they have purchased; each time a consumer bids on an item, one bid is deducted from their account and the auction price increases by $0.01. Bidcactus even allows shoppers to vote on what item they want to see auctioned off next.
What’s more, in true back-to-school spirit, Bidcactus, the go-to source for Back-to-School items (think: gift cards, gadgets, hi-tech dorm room accessories), is giving away 25 free bids with any purchase of a laptop through the end of this month.