PennyCave.com

How auctions work

The starting price of all auctions is $0.00. Each bid will cost 1 credit and raises the price of the product by $0.01 (Current Bid Increment Value). The countdown timer shows how much time is left until the end of the auction. When the auction timer reaches the auction interval time, with each bid after that, the countdown timer starts over again at the given interval of the auction. The auction is considered ended when it reads - SOLD. The winner is the last bidder of the auction when the timer hits 00:00, with no other bids. The winner acquires the right to purchase the product at the auction ending price.

If an auction timer reaches the auction interval time and the time is 2am EDT then the auction will pause until the next day. Auctions will continue the next morning 10:00 a.m. EDT and the highest bidder will remain their position. Where the stated interval under an item is 24h, the Auction shall not stop, but shall last as long as bids are made.

We advise you not to bid on the last second, server may not read your bid due to internet connection delays!

1. Picture of the product.

2. The current timer on that auction.

3. The current bid price for the item.

4. Shows the highest bidder for this item.

5. Shows that auction is dynamic interval auction.

6. The Bid Button. ( Must be logged in to Bid. )

7. Shows that the auction is active 24 hours a day.

8. Shows that the auction has ended.

9. Shows the Winner's nickname.

10. Shows the auction ending price.

11. Shows that the auction has ended.

12. Picture of the product.

13. The name of the product.

14. The Manufacturer's Suggested Retail Price.

15. The name of the product.

16. Beginner auction.

Dynamic Interval Auction explained

When auction is marked with icon , it's a Dynamic Interval Auction.
Starting interval for all dynamic interval auctions is 2:00 minutes.
Dynamic interval auction price is related to interval. To check the next interval, move your cursor to Dynamic Interval Logo.
Dynamic interval auctions are just like a regular auctions.
One auction may have the both icons, and 24h, at the same time.

AutoBid

Bid from - Bidding starts from:
Bid to - Bidding ends at:
Max bids - Maximum bids allowed (limit is 1000 bids)
Bids made - Shows the bids used when AutoBid is active

AutoBid makes bids on your behalf
Autobid will be still active if you log out or close your computer browser
If two or more AutoBids are activated on the same auction they will overbid each other instantly (will burn credits).
Automatic bidding stops until there is only one active AutoBidder.
Autobid will over bid instantly when bid is placed by some one else.
AutoBid logo is placed after nick name if bid is made by AutoBid.
Please note that after first bid received, AutoBid cannot be deactivated.

1. The Countdown timer starts at the auction interval

2. Bid on your item(s)

3. If no one bids after you and the auction ends; you win the right to buy the product at the ending price.

4. We will contact you with further instructions within one business day.

5. Please note: starting July 1st, 2010 you can win up to 30 items per calendar month.

Amanda, California

“I love Pennycave! It is so much fun to bid on all of these great items. I can't wait to try my Flip videocamera and win more stuff!”

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