Penny Auctions are auctions in which you have to purchase bids before you can bid on an item.
Bid Cactus runs only eight auctions at a time. There is no reserve on any auction and they are set to run for various times. To win a customer must be the last bidder on an item when the clock runs out.
The challenge is that each bid on an auction will add up to 30 more seconds on the clock. So basically, everyone else needs to lose interest or run out of bids (bids are acquired in packs of 25 to 300) Auctions are timed to run out at peak internet use times.
Overall, this is a pretty crazy way to get a "great" deal. It might work for you but it will probably use up a lot of time and money in the process. They can't really force you to bid in these auctions.
The rules are pretty clear so if you want to take a chance you can play.
If you want a chance to bid risk free on exciting online auctions check this website out, millions of people use it every month.
