So I just ran into this auction site and was intrigued by their business model. Here is how it works: You register and buy a 'bid pack'. This bid pack comes with a certain number of bids you can use on any product that they have for auction (all products start at a low cost; cents). You can bid as many times as you want on a product but will be using bids from your bid pack. The starter pack is 125 bids for $49.00 This video explains it further: http://www.costdropper.com/Tutorial I was doing a little research around the web and came across an entry within Yahoo answers: http://answers.yahoo.com/question/index?qid=20110308175330AA4cj9Q Seems someone had an issue with the site and was trying to get a refund but an employee from CostDropper responded and was working to resolve her issue. Have any of you heard of this site? What do you think about it? EDIT: Here is a news story about this site (I think) [video=youtube;c7VdoIyZTFo]http://www.youtube.com/watch?v=c7VdoIyZTFo[/video] Also, if this website is not legit are all penny auctions a fraud/scam???