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The Difference Between Penny Auctions and Regular Online Auctions
Online penny auctions are a type of online auction but it differs from traditional online auctions in many ways. The popularity of penny auctions like Madbid increases each day and although some are good auction sites, many of them are involved in phishing activities. One way that penny auctions differ from regular bidding is that with penny auctions you must pay for every bid you enter. Each penny auction site has their own policies and prices but the average bid is around 60 per bid.
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