How do Penny Auctions Work ?

How do they make profit ? If the auction you see in the picture above ends at $28 it means that 1400 were placed. With a bid costing $0.60 + $28,the value of the item ,  =  $868 paid to the site. In this case the penny auction sites makes $68 profit. If you follow my guide you save $622 ($150 for the 250 bid pack + $28 price you won the item).