Tuesday, April 5, 2011

BidRivals Gift Cards: Why the odd prices?

You might wonder why BidRivals has the oddest gift card values around? Established penny auctions like Quibids have a very specific gift card denomination: $25, $50, $100 etc. However, at BidRivals you will see that the gift cards are quite odd: $45, $40 etc. Why is this?

This is because of the exchange rate differences. BidRivals tries to make a profit even out of this exchange rate variation! So a £40 gift card might sell for $45 in the US. Similar is the case with the Euro.

The exchange rate variation is a unique feature at BidRivals because it is a global penny auction that probably operates in more countries than any other penny auction.