Each and every day, people discover PennyGrab.com and often have questions
about penny auctions, how they work and how they differ from auction bidding websites
like Quibids and eBay. Since we love to answer questions and welcome
new players to our auctions, we hope to be able to answer a few of your questions.
What are Penny Auctions?
PennyGrab Auctions are a new and exciting way to win items you would typically spend hundreds or even thousands of dollars
on through traditional shopping methods. Our #1 goal with PennyGrab was to stand out from the rest of the competition and provide
more savings, fun, and an awesome user experience.
With PennyGrab Auctions, you initially purchase what we call a "Credit Pack". After you have purchased your credits,
you can then use those credits to place bids on the items that interest you the most.
With most Bidding Sites on the web, you have to constantly be watching 2 things.
First, monitor and take notes on who is bidding on the same item. Second, watch the timer and make sure you
constantly are monitoring how much time is left. We here at PennyGrab.com differ, there is no timer in the majority of our auctions.
Our auctions can end within seconds with our Blitz feature. (We do have timer auctions called Fire Grabs Penny Auctions which utilize timers. Watch our video to find out more information.
As our Members place their bids on the items they want, the price goes up by .01¢ (one penny)
until the Hidden Random Reserve price is met. Whoever matches the randomly generated reserve price which we call "Deal Price" with their bid, WINS that item!
What is Buy Now?
With a few exceptions, all of our PennyGrab Auctions feature our Buy Now option for
each and every Member to take advantage of. For our Penny Auctions, there are
two of every item up for grabs. The first can be won via our standard penny
auction method of winning. The second identical item starts at its MSRP (retail price). As the bidding
process goes through its course on the first
item, each additional bid placed for the first item lowers the Buy Now price
for the second identical item. Any Member who has purchased a Credit Pack
within the past 30 days can purchase the Buy Now item for whatever price it is
being shown for, no matter how low that price drops to!
Fly By Night Penny Auction Sites (aka: scams)
As with all things on the internet, every person needs to research and familiarize themselves
with what bidding websites are legitimate and which are scams!
There are literally hundreds of these fly by night companies who want nothing more than your money.
We here at PennyGrab.com take a proactive (albeit, behind the scenes) stance in dealing with scam websites.
PennyGrab.com is backed by one of the Internet's Top 500 Retail Websites. We've spent a great deal of time researching and innovating to
become one of the industries trusted penny auction websites out there, and our
Customer satisfation is top notch! We can be reached virtually anytime via
phone, email or even in our chat. Whether you have a question about how
something works -or- if you're wondering what your tracking number is.. or even
for just wanting to swap one of your Gift Cards for another of equal value, we
want to hear from you!
Of course, you don't have to take our word for it, you can use our Chat feature
and talk live to our other Members and get it straight from them.
We also recommend using our Chat feature to get to meet our Members! We don't think you'll have any
problems making new friends beacuase We at PennyGrab care for the penny auctions community!