Penny Auction Intelligence

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Saturday, December 11, 2010

My Penny Auction Bucks

Penny auctions can add up to mega bucks in a hurry
I used up over Five Thousand Dollars of bids in No Time at allI and never saved a cent regardless of what the percentage claims-

as an example I purchased a bid pack for $60.00
I won a $50.00 Dollar gift card the Final Price was $15.98

Good deal ? Not really I bid 53 times at .60 cents a bid which cost me $31.80

Now the stats show a 4% saving $2.22 but there is a $1.99 handling Fee
which makes it really a $.23 cent saving.

The problem is I invested $60 Dollars and as a winner I am getting a $50.00 Dollar gift card

I must confess I have about 20 bids left over which I will be able to use in about 14 days.

How do you like this picture ?

There are differnent types of bids and Voucher Bids cannot be used toward the Buy It Now option nor are they eligible for a refund as you were able to receive them at a discounted rate.

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