Penny Auctions World: Online Auctions as a e-commerce option

Online auctions, collective purchasing, online outlets. There are so many innovations in electronic commerce that consumers have no excuse for paying more. E-commerce continues its unstoppable growth rate and the Penny Auctions market has grown with the online shopping growth.

Penny Auction sites have been available in the U.S since 2008 and they have attracted a devoted following. There are many internet blogs where Auction lovers can share strategies and testimonials.

Some people resist trying an online auction because they think it is a form of gambling. However the Washington state attorney general's office concluded Penny Auctions don't constitute gambling under state law. It is looking into whether they meet the legal definition of lotteries, which are regulated.

Whether being considered an entertaining way to purchase products or a very serious competition with a great prize, Penny Auctions are a growing market and they have become one of the most popular e-commerce options around the world.