Ever see an advertisement for a penny bidding sites like D..ldash.com and such on TV and felt tempted by the awesomely low price for some of the things that you really want? Here are a few reasona why not to do it
- 1) Although the increments are only 1 penny each bid can cost as much as 18 cents.
- 2) Hundreds of people compete for the same item and you must get your bid in before the auction gets to $5 or you are out of the race
- 3) Sometimes they have a special forgoing the 1 cent increments and all that is needed is the bid. Result: Product goes for “half of its value” per-say, Truth $250/.01*.18=$4,500 that you the users just payed for a tablet.
- 4) The truth is save your money for something worth while. The chance of you winning is very, very, very slim