BidRivals.com is a new penny auction site that has been getting a lot of attention. Penny auctions are a specific niche in the online auction community that have been getting progressively more popular recently.
These websites have risen in popularity because they promise in demand, expensive items at unbelievably low prices. But often what isn’t advertised, is the specific way in which penny auctions work. In a penny auction, you are only allowed to bid a single penny at one time. The prices that these items “sell” for is so unbelievably low because the bids are done in increments of one cent.
However, for each bid you place, you pay