Founded in 2005, Swoopo marries e-commerce and entertainment as part of an online auction site. It operates a pay-per-bid auction site in which items are put up for bid, and each time a user bids, the price is increased by some amount. When this is done, an amount of time is added to the auction with each bid. If no ...
More >>Founded in 2005, Swoopo marries e-commerce and entertainment as part of an online auction site. It operates a pay-per-bid auction site in which items are put up for bid, and each time a user bids, the price is increased by some amount. When this is done, an amount of time is added to the auction with each bid. If no new bids are received before time runs out, the last bidder wins the item.
Users pay to bid and must fill their accounts with prepaid bids. Per Swoopo, each bid costs the user $1, and can be purchased in packs of 20, 50, 100, 200, and 500.
<< Less
