Most of us know of online auction sites like eBay – but have you heard of penny auctions like DealDash? The difference can be a real bargain – like an iPad for $11.09!

Here’s how it works:

• Starting from zero, an item is listed with a timer.
• You bid on an item, and the price goes up one penny, and the timer resets.

Get the idea? Now, as long as people bid, the clock resets, and the auction never ends. Eventually, people get bored, or use up their bids (in this auction, you pay to make each bid), and the clock runs out, and someone wins.

It’s a different take on the online auction, and in addition, DealDash has a few unique wrinkles that makes it a popular site (1.5 million users):

• If you lose out, you can still buy an identical item using a Buy It Now button. A good deal (obviously not as good as the auction), but it means you don’t need to go away empty handled. And as an incentive, you get your bids refunded, so you can bid on another item.
• BidBuddy is their system for automated bidding, allowing you to continue bidding even when you can’t be at the computer – ideal for auctions that go on for awhile.
• NoJumper auctions are auctions that ‘lock out’ new bidders after the price reaches $5 – only the people that bid before then are allowed bid further. This way, coming in at the last moment to bid is impossible – only people in for the long haul get to bid.

With options like this, the site is well worth a look if you’re living in the U.S. and interested in a bargain – so check out BidDash today.