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2. Bidding fee auction - Wikipedia

   en.wikipedia.org/wiki/Bidding_fee_auction

   A 2010 TechCrunch article about penny auction site MadBid called this business model "a license to print money." [3] Eighteen months later, a reporter for The Guardian wrote, "legions of penny auction sites have folded, including Swoopo, Rapid Bargain and Bid Boogie." The reporter spoke with a representative for MadBid, who denied that the ...

3. DealDash - Wikipedia

   en.wikipedia.org/wiki/DealDash

   DealDash was founded in 2009 by William Wolfram, a 16-year-old Finnish entrepreneur, who had lost $20 bidding unsuccessfully for a MacBook on an earlier penny auction site. Wolfram had generated approximately $500,000 in affiliate sales a year earlier buying popular YouTube videos for $50, borrowed from his mother, then collecting revenue from ...

4. QuiBids.com - Wikipedia

   en.wikipedia.org/wiki/QuiBids.com

   QuiBids.com is an American online retailer headquartered in Oklahoma City, Oklahoma, United States. It is a retail website that operates as a bidding fee auction, also known as a penny auction. The company has been sued under allegations that it is a form of illegal gambling and that its advertising is misleading. It advertises the price ...

5. Consumer Alert Roundup: Penny Auction Sites, Advance Fee ...

   www.aol.com/news/2011-06-15-consumer-alert...

   Dicey Penny Auction Sites Penny. The Better Business Bureau has issued a slew of consumer warnings recently, so to make it easier for you to keep on top of them all, Consumer Ally decided to ...

6. Swoopo - Wikipedia

   en.wikipedia.org/wiki/Swoopo

   Standard auctions began with an opening price of $0.12 and every time someone bids the price increases by $0.12. Other bidding fee auctions use different values - "penny auctions" use $0.01, 6¢ auctions $0.06, etc. The price of bids and the incremental values vary depending on the regional version of the site used. The auction ends when time ...

7. Online auction - Wikipedia

   en.wikipedia.org/wiki/Online_auction

   The first online auction site was Onsale.com, founded by Jerry Kaplan in May 1995. [10] Onsale's business model had the company act as the seller. [9] In September 1995, eBay was founded by French-Iranian computer scientist Pierre Omidyar using a different approach to online auctions by facilitating person-to-person transactions. This was a ...