Just as many of the more traditional auctions, penny auctions offer the option of buying it now. This simply means that you have decided not to bid but rather to buy the product at its retail value. Any money you have spent in bidding will be applied to the cost and you will only have to pay the difference in price.

Penny shopping sites offer this no risk purchase option along with the thrill of bidding. If you have decided to buy the product, you may as well ploy some of your bidding skills in the hope of winning your item at a lower price.

Look for auctions with fees under a dollar and price increases of one cent. The greatest discounts can be had on sites that are new due to the fact that most people have stil not discovered them. There is much less competition and your odds of winning are much greater.