Wednesday, April 4, 2012

How do we get our "Truly Random Prices"?

As all of you on PennyGrab know, we use random pricing to get our "final" auction price. Well we recently decided to SHOW you how we set those prices and how random it truly is!

PennyGrab penny auctions is different in that Members don't bid against a timer. We have a random ending price automatically set for EVERY ITEM we place up for auction. As you'll see in the link below, the whole system is automated to give everyone a true, balanced chance of "hitting" the correct final price.

We do this with every auction, every time. This ensures (unless by happenstance) that no two auctions will end the same due to human error and should also reassure our Members that there's no shenanigans going on.

So give it a test run yourself. We hope you'll be pleasantly surprised how it randomly places the occasional auction to end for mere Penny's as well! Click here to test it out yourself: http://www.pennygrab.com/random_demo.php

This is part of our PennyGrab promise of Transparency. While we strive to be open, clear and fair with every item, every day for every Member... we want to ensure you can see how things work on our end as well and know that you are in fact getting some of the BEST deals to be had anywhere online.

Are there things you're curious about? We'd like to know! We'll gladly make a post about your questions

We'll also be posting another Q&A blog Friday! If you have any questions about ANYTHING PennyGrab, email us and let us know and we'll try to get it answered for you in Fridays post.

1 comment: