No More Ebay? Is this even Possible?

April 19, 2010 - PRLog -- Penny auctions are this years surprise and most immediate threat to EBay’s long standing hold on the auction market. The one time biggie eBay, had the market pretty much rapped up, a firm hand and an even firmer grasp on the economy.
But did their seemingly unstoppable greed go to far ? did they think they reach super power status and could do as they darned well pleased. razing prices, making rules that were as one sided as a two headed coin.

The public thought so, and now with the penny auction market hot on eBay’s heels, they are starting to rethink their strategy.
Swoopo came into the market about 2 1/2 years ago, then came madbids,bidrodeo,and TopPennyAuctions. each taking away a share of eBay’s hold on the auction market. Combined over 10 million members are now hooked on penny auctions and eBay is feeling the loss each day.
Most penny auctions have the same thing in common, you must purchase your bids in advance in order to participate in the auctions.
A lot of chatter has gone on about this type of format, the most asked question is,” is this a form of gambling"? so far the government has taken a close look and came to the conclusion that it is not.
The next and most frequent question is, can you really win a 2 thousand dollar TV for 5 bucks. the answer is a resounding yes.
As I said most of the penny auction sites run the same format or formula, some have some slightly different takes but for the most part they are all the same, or should I say  with the exception of one. Top pennyAuctions has a unique twist to their format. Their "BID TIL YOY WIN" option allows members to place their bids on select auctions( pretty nice stuff) and if the member does not win the auction TPA returns the members lost bids to their member account. This almost ensures the members do not lose any money and almost guarantees a members chances of winning an auction. be that as it may, it is an interesting concept for all to try and EBay is standing by counting the days till they are no longer the big guy on the block.

# # #

TopPennyAuctions.com is a unique,auction site,different from the auctions you see on the internet . (TPA) it's bid til you win option that almost guarantees you can never lose a dime. all other TPA replaces all lost bids til you win at least one auction