Penny Auctions are Awesome

Image via CrunchBase

I just learned about this amazing website, QuiBids, that does what are called penny auctions. Penny auctions have been around for a long time and are an interesting concept. You can win auctions at an outrageous Discounts.
It sounds too unreal but how it is paid for is actually quite simple. You first need to purchase  a bid  pack. Bids cost 60¢ ($.60) each and are bought in packs of 45 75 and 300 bids.
While you can get things like an iPad for $20, Quibids wants users to come in to an auction with realistic expectations, it is likely that it will cost more. I highly suggest reading the articles in the QuiBids 101 section on the site and take advantage of the beginners only auctions. You can join QuiBids here

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