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How does it work?
Penny Auctions:
1. Sign up for FREE
2. Each bid placed increases the price of the item by 1p and resets the auction timer (e.g 5 mins)
3. Place your first 2 bids for free, then buy a single bid or in bundles
4. If nobody else places a bid before the timer ends: you WIN! You only pay the object price! No shipping costs EU/US!
5. You can place your bids manually or using auto-bidder
6. Claim your item and flash the cash! Remember, the more people you invite, the more free bids you get! (10 bids per person that registers)
Any suggestions what else we should sell on the site? Send us an email! suggestions@psychoauction.com
Virgin Auctions:
For virgin auctions you can only bid when you have never won any auction.
Speed Auctions:
They are the quickest ones. The timer does not reset after bids are placed on Speed auctions. The winner is the person who placed the most bids on the speedauction.
Killer Auctions:
The most dangerous auction type but potentially the most rewarding one. The person with the most placed bids wins the auction. In order to place multiple bids, just press multiple times the bid button. Each placed bid resets the timer.
Reverse auctions:
Each bid decreases the price by 0.01 and resets the auction timer
Premium Info:
The first autobid number shows how many people have still an active autobid on the item (excluding the last bidder) and the second number shows how many remaining autobids in total are still active on the item (including the last bidder). Only place manual bids if the first number is 0 and you are on your way to win!
If you lose an auction, no worries at all. Go to the account page and claim 10% of your lost bids back!