What is blitzpenny?

Welcome to blitzpenny, the home of exciting, fast-paced auctions on the internet. blitzpenny - the next generation of online auctions blitzpenny is one of the world’s most innovative auction sites. Based on a unique software solution and business model, the company sells premium products like: computers, cameras, game consoles and even cars, at very low prices. blitzpenny auctions over 10,000 products per month and has more than 1,200,000 registered customers. Here is how it works: our online customers buy “bids” in advance. They cost 50p each and are sold in packs of 25, 50, 100, 250 or 500. Bidders have the choice of placing single bids, or, using an electronic bid assistant called the “BidButler”. Alternatively, customers can bid via the phone. Every bid placed, increases the price of the product by 10p and the auction countdown by up to 20 seconds. To help keep track of the money spent on bidding, each auction displays the amount spent on bids by the customer and how much the bidder would save overall, if they won the auction at that moment. The ‘last bidder standing’ when the countdown reaches zero, wins the auction – usually at a very low price; winners save, on average, 65% when compared to the recommended retail price. blitzpenny was successfully launched in the Canada,USA.