Penny Auctions, Penny Auction Sites, Daily Deals - PennyGrab, Inc.
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Welcome to PennyGrab.com
Each and every day, people discover PennyGrab.com and often have questions
about penny auctions, how they work and how they differ from more traditional
auction websites like Quibids and eBay. Since we love to answer questions and welcome new players
to the penny auction scene, we hope to be
able to answer a few of your questions.
What are Penny Auctions?
Penny 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 Penny 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 Penny Auctions 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. How we here at PennyGrab.com differ is that there is no timer in the majority of our Penny Auctions. (We do have timer auctions called Fire Grabs 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 reserve price which we call "Deal Price"
with their bid, WINS that item!
What is Buy Now?
With a few exceptions, all of our Penny 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 Auctions (aka: scams)
As with all things on the internet, every person needs to research and familiarize themselves with what sites 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 our community!
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There Are New Auctions!
Click here see all the new auctions
Beginner Daily Deal
This Daily Deal is for beginners with less than 2 wins.
Intermediate Daily Deal
This Daily Deal is for intermediates with less than 5 wins.
Blitz Grab Deal
This Daily Deal allows you to lock out other bidders and place multiple bids of your own by using Blitz.
Expert Daily Deal
This Daily Deal is for Experts, does not have the Buy Now option and uses Bonus Credits first
FireGrab Timer Reset
This is the amount of time that is added to the clock when a bid is placed within the final 10 or 15 seconds of a Fire Grab Deal.
This Deal contains a "Bonus Play" that lets you play one of PennyGrab newest games that gives you a great chance to win extra bonus credits.
This Deal contains a "Board Play" that lets you play PennyGrab's Penny Board game giving you a great chance to win free prizes.
This is a featured auction on PennyGrab.
Daily Deal Price
This auction will end when the price reaches the hidden reserve price that is somewhere within the specified range for this deal.