Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Penny Auction HappyBidDay Announces New Capped Auction ModelHappyBidDay is launching a new auction model this week aimed at offering their customer base guaranteed pricing on select penny auctions. The change is expected to be warmly welcomed by users, as it’s designed to ultimately guarantee savings.
By: HappyBidDay HappyBidDay says their Capped Auctions will work in similar fashion to their traditional penny auctions, with the exception of the final price. Typically, penny auctions are progressed by the number of bids placed in a given auction. Each bid placed increases the auction price by one cent (hence the name “penny auction”), and the price continues to increase as the auction goes on. In this scenario, once the auction timer runs out and there are no more bidders, the last bidder wins the item for the final auction price, often for considerable savings. This final price, however, is entirely dependent on the number of bids placed. HappyBidDay’ Company CEO Lisa Dee says the Capped Auction integration is yet another project HappyBidDay has initiated to support their users. “We’re always exploring new ideas for HappyBidDay and constantly looking to improve the customer experience,” The company says the Capped Auction model will be branded on select auctions throughout the site with an octagonal red icon, and that the Capped Price amount will be identified from within the auctions themselves. Bidders will get the opportunity to try the Capped Auction experience beginning Thursday (10/4/2012), when the model goes live at http://www.HappyBidDay.com. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|