So-called “penny auctions” are a phenomenon coming from the States and now slowly but steadily spreading here in the UK. In USA, “penny auctions” have helped thousands of customers save money when buying electronics. Branded products in particular, as well as electronic devices are the most popular for this new kind of internet auction – with good reasons. Often brand new Apple iPads are auctioned for as little as £30.
MadBid.com is one of the pioneers of the “penny auction” system in UK. With a huge range of products and thousands of running auctions, MadBid.com is used by thousands of customers every month.
What can you purchase in these auctions?
I have seen all kinds of products, from cars to mobile phones, to desktop and laptop computers, TVs, cameras, stereos and everything else that you might possibly wish for.
MadBid.com put to the test
In my research, I did of course try out the whole system. After signing up on MadBid.com, I first had a look around on the site and read the instructions. Unfortunately, it is not possible to participate in the auctions without signing up, which is why it is important to set up a free user account on MadBid.com. I saw how electronic devices, worth several hundreds, sometimes even thousands, change hands for £50. I was fascinated!
In order to place bids in the MadBid.com auctions, you have to purchase credits. The credits only cost you a couple of pence each and they can easily be acquired in packages (for example for £15). So after having purchased a small credit package, you can look for a product you like and start placing bids… Read More
Source and Original Content by megabargains24.com