Youve probably heard about PisoBid, and you want to know more about this site which is getting much buzz in online networks because of its novelty. Penny auction sites have already gained ground in many other countries, and now Pinoys also get to participate in this exciting way to shop online.
One thing we Pinoys truly love is buying items at a bargain. PisoBid offers just thatgadgets, gift cards, fashion items, vacation getaways, and many more at a discount that can go as high as 99%! All you have to do is be a member (link 1), buy bid packs and you can bid away.
The Basics..
Here are the basics of how the auction process goes. The bidding process starts at only 1 peso (yes, 1 peso as in just one coin bearing our national hero Jose Rizals likeness), and goes up on each bid by 1 centavo. The site posts all the items featured on the auction block including the specific time limit when the auction for the item will end and that is when the bidding excitement gets crazy.
When auction is about to end, a countdown timer (set at different times, example: 5 seconds, 8 seconds, 15 seconds, etc) will now be used. This timer resets every time a member bids, and if no one bids when the countdown timer has lapsed, the very last bidder wins the item. Before you actually bid, you can first go to the site (link 2) and observe how the live auction goes.
..and More
If you check the live auctions, youll be able to see which auctioned items are about to end. These items will usually have several active bidders. You will also notice that some items being auctioned are showing icons such as a cherry, a diamond, or a hammer.
The cherry icon means only a registered user who has never won a previous auction can win the item, while the diamond marking means only a registered user who has not won a cherry auction or a diamond auction in the last 2 days can win the item. An auction item marked with a hammer or a gavel, the icon for a bids back auction, means bidders who lost the auction can purchase the product at the specified retail price and have all the bid credits they used on the auction returned to their account.
Now you know the basics plus a little more about PisoBid, try it now and you might just be the next winner to be added on the growing list of PisoBid Winners (link 3).
Link 1: http://pisobid.com/CreateAccount.aspx
Link 2: http://pisobid.com/
Link 3: http://pisobid.com/Winners.aspx
Pisobid 
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