The penny auction is an internet auction where various varieties of merchandise can be purchased at auction. These items can be a gift card, smartphone, notebook computer or an I-pad. When an outlook user desires to bid for a particular commodity he must purchase bids. After each bid the cost of merchandise increases by one cent.
The auctions don’t finish in a set time, but finish some ten seconds following the final bid. Every bid put into the final minute of the auction widens the whole period of the auction, typically by about ten seconds. This suggests an auction that looks close to its judgment may actually continue all day if individuals are offering their items for sale on these bidding websites.