Are you interested in getting a years’ subscription to Netflix or a £120 gift card to Nandos for a fraction of their true value? This can happen on penny auction or lowest unique bid sites.
A penny auction differs from a traditional online auction: it’s like a lottery. To bid in a penny auction, you have to pay.Essentially, you buy bids to use them on this or that item at auction. In case you don’t win, you can spend money bidding on various items.
In a penny auction, items are posted by the site owner. To bid for these items, you have to pay.In a traditional auction, only the winner pays. In penny auctions, you have to pay before you bid, win or lose. Winning the auction doesn’t imply you’ve won the auction item. It just enables you to win the right to buy the item at the final price. Losing an auctioncan mean losing your money.
Penny auction websites are putting hundreds or even thousands of items on sale at low prices or below their recommended retail price (RRP). Here you can find both electronics and clothes.Penny auctions have millions of consumers looking for that special item to obtain for less than market cost.
Penny auctioneers earn millions of dollars in profits as a result of bargains made on the sites. If you’ve decided to invest in this lucrative business, eMerchantBroker, #1 high riskpayment processor in the US, can help you succeed.
Although the penny auction business is legitimate, you won’t be able to open a merchant account with traditional payment processors. With EMB, you can get the best penny auction merchant accounts today with no penalties and no hassle.
eMerchantBroker is well aware of all the difficulties your startup or small business may be facing as a penny auction site. Your business requires electronic payment processing and EMB can get you approved without challenges.
eMerchantBroker can find you the perfect, high volume merchant account for your penny auction website. With a chargeback rate below 3%, you can get your merchant account in as little as 3 days.