Why 10 Cent Penny Auctions Do Not Always Pay Off

Why 10 Cent Penny Auctions Do Not Always Pay Off?

At the promise of winning merchandise for just pennies on the dollar, many people are bidding on penny auctions or a 10 cent auction with the hope of winning tablets, smart phones and high-end electronics for just pennies on the dollars. Even if an online penny auction bidder comes out ahead, at one point or another bidders always lose. Even though the final price of an auctioned item is low, bidders spend hundreds to thousands of dollars on items until the item is auctioned finally auctioned off.

Bidders Have to Spend a Tremendous Amount Without Getting Anything in Return

People who bid on one or more 10 cent penny auctions are lured in with the hope of winning high-priced tickets items. Unfortunately, most bidders spend a tremendous amount of money purchasing bids on penny auction websites without getting anything in return.

Bidders Have to Spend a Tremendous Amount Without Getting Anything in Return

As everyone knows, only one person can win at a time, so most bidders who bid eventually lose. While the promise of winning low cost items is what drives people to give online penny auctions a try, most bidders wind up spending a tremendous amount of money on bids without getting anything in return.

Bidders Have to Spend a Tremendous Amount Without Getting Anything in Return

To help bidders who are tired of losing money on 10 cent penny auctions, a Brand Penny Auction Sites called Bid Serious has developed a different type of online auction platform that rewards winners each time they lose. With this new type of online discount auction platform, bidders can take calculated risks at a chance of winning high-priced items for a fraction of the retail cost.

Online Penny Auctions Use Deceptive Practices to Lure BiddersWhen signing up for a chance to win electronic devices and gift cards for pennies on the dollar, most consumers are unaware of the deceptive practices that many of these online penny auction websites use to make money each day. At the end of the day, these companies make far more profit than the actual value of the merchandise they are auctioning off by using deceptive practices to lure bidders with the promise that their bids will pay off. At the end, most bidders who bid on 10 cent penny auctions walk away with nothing at all because they were deceived.

Bidders Often Have to Pay Hidden Fees and Never Receive Merchandise

Many consumers who give 10 ten penny

auctions a chance often wind up Bidders

Often Have to Pay Hidden Fees and Never

Receive Merchandise or do not receive their

merchandise for months. In some cases,

bidders do not receive their merchandise at

all because many online penny auctions

websites are here today and gone

tomorrow.

Bidders Often Have to Pay Hidden Fees and Never Receive Merchandise

Many consumers who discover the pitfalls of bidding on 10 cent penny auctions online are giving Bid Serious a try. Bid Serious is the first online discount auction website of its kind that has an exceptional auction platform that actually helps bidders win more often. In addition, Bid Serious is the only platform that actually rewards losers and donates to charities online. Since penny auctions do not often pay off, you may want to consider giving Bid Serious a try.