Jagbidz offers one of the cheapest penny auctions websites available online

Consumers who are looking for auction sites other than eBay will want to check out Jagbidz, a new player in the auction scene as of late 2011. Jagbidz is one of the cheapest penny auctions website available online, offering consumers the opportunity to bid on brand new merchandise for just pennies on the dollar.

For those who are wondering how to win penny auctions, Jagbidz offers several pages of tutorials on how to get started. The first thing a new customer needs to do after registering is purchase a bid for as low as 50 cents. He or she then decides how many bids to place on an item. When the auction expires, the bidder with the highest number of bids on it wins the item.

Unlike eBay and other auction sites, there is only one seller at Jagbidz and all items are guaranteed to be brand new. Typically, they are obtained by the penny auction site from liquidations, customer returns and overstocks from major retailers. Retailers often liquidate large amounts of electronics in order to make room for newer products.

When bidding on an item, the customer has the opportunity to see how much the same item costs at full retail price.

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Jorge S.

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