Penny Auctions are different from eBay and other traditional online auctions in several ways:
- When bidding in Penny Auctions, each bid costs money. On eBay, there is no cost when placing a bid.
- All items on Penny Auctions are brand new with original manufacturer's warranty. On eBay, most items are used and come with no warranty.
- The initial price on Penny Auctions is usually $0 with no reserve. eBay auctions generally have reserve prices and start high.
- On Penny Auctions, you can win brand new items at amazing discounts, upto 99%. On eBay, you can win used items at a discount appropriate to items that have already been used.
- When a user places a new bid on a Penny Auction, the auction time is extended, allowing others to place more bids. On eBay, sniping is very common, with bidders coming in at the last second to snatch away an item you thought you had won.
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Penny Auction Guide 
