In today’s penny-pinching economic climate the bid to win travel auction can offer a cost-effective way of being able to enjoy a vacation. At a time when everybody is looking to shave dollars from their budgets, the family vacation or a romantic getaway are occasions that might just fall by the wayside. It doesn’t have to be that way though. Travel auctions are providing many users with a more affordable method of getting away.
What is a bid to win travel auction?
A bid to win travel auction is essentially a simple concept; just like a regular auction you bid to win an item or product, which in this case relate to travel. For example, you might bid to win airline flights or a stay at a hotel. Many sites have arrangements with independent airlines and hotels that ensure they can offer cheaper travel products. This means, as with some internet brokers or comparison sites, savings can be passed on to travelers.
However, not all travel auctions operate as above though. More and more bid to win travel auction sites have taken to adapting a different strategy, one that offers the customer potentially larger savings. This strategy is based on that of penny bidding auctions, a market that has grown exponentially over the past few years.
Bid to win travel auctions and the penny bidding scheme
A bid to win travel auction that adopts the penny bidding scheme operates in the following manner. Initially potential bidders and customers are expected to sign-up to the website. A charge is sometimes made for the initial subscription but plenty of reputable sites offer free registration. Once they have signed-up, users are given access to the auction pages.
Site users purchase packs of bids, which contain a set number of bid credits. Each credit is equal to one bid. The site sets the price of each credit, so this varies depending on the site. Users can expect to pay somewhere close to 0.60USD per credit when using a bid to win travel auction. The site itself does not tend to reimburse winning or losing users the credits they have used, which means that those taking part in the auction are effectively paying to do so.
A bid to win travel auction begins with an item being placed for sale at a nominal amount. Some sites often set the start price at zero. A time limit is placed on the item. Customers then use their prepaid bid credits to bid on the listed item. Each bid raises the price of the item in tiny increments, ordinarily 0.01USD or 0.01GBP. Each increment may also add an additional time to the auction. The auction ends when the time limit is reached. The winner is the individual who places their bid last. They pay the amount of the final bid.
What can be won on a bid to win travel auction?
As has been mentioned above, many bidders use the bid to win travel auction to obtain discounted flights and hotels. Some penny bidding style sites can offer such items for a fraction of the price, including a 90 per cent discount. That is not all that’s available though.
Some examples of the bid to win travel auction also offer discounts on travel accessories, including luggage, satellite navigation systems and flight accessories. Some offer vouchers that can be used in conjunction with airlines, hotels, local attractions and department stores. Some may even offer the opportunity to bid on those travel essentials that might have been forgotten.
Find a bid to win travel auction with additional add-ons
As well as offering exciting vacation destinations, there are instances of the bid to win travel auction that go a little further than simply offering auction opportunities, and there are some that go the extra mile.
Users can really make the most of their experience by signing up to a bid to win travel auction that allows them to utilize the credits they spend bidding, even when losing an auction. Whilst there are few sites that offer this particular benefit, there are some out there. These provide bidders with the opportunity to get discounted travel packages.
Other bid to win travel auction sites double as a travel booking engine, allowing the user to metaphorically strike two birds with one stone on their path to a cheaper vacation.