Swoopo.com – How to get auction items cheaper than eBay
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What is Swoopo?
Swoopo is an online auction site which offers discounted prices to auction winners by charging a fee for each bid placed.Customers buy bids in advance that cost $0.75 each and are sold in packs of 30, 50, 100, 300 or 700. Bidders have the choice of placing single bids or using an electronic bid assistant called the “BidButler”. Auctions start at $0.15 with no reserve. Every bid placed increases the price of the item by $0.15 and the countdown by up to 20 seconds. When the countdown reaches zero, the person who placed the last bid wins the item and purchases it at the final price. Other bidders’ fees contribute to funding the winner’s savings; all bidders must pay for each bid, even if they do not win.
What you may not know about Swoopo
Since each bid cost $0.75, these bids contribute to the purchase of the item. In the end, the winner of the auction gets it for the price the auction ends plus the number of bids (times $0.75). The math can get a bid confusing when calculating how much it really cost you on auction items, but if done correctly you can save some big money on popular items.
Here’s a quick video on Swoopo:
