The best way to beat the rising financial crunch is to find good deals or in this case, bidding for it at an auction. That seems to be what Pricefalls.com is aiming for as it formally makes its mark as another potential destination for crazed shoppers looking for affordable and great deals. The site makes use of a “Dutch Auction” or descending price model which should be a different kind of shopping experiences for people who do their shopping online .
Using Pricefalls, the bid for any item starts at a merchant’s predetermined price ceiling. Shoppers can either purchase the item immediately during the “Catch it Before it Falls” period, when the price remains at the ceiling, or they can wait until this period ends and the item price begins to fall. The auction continues until the winning bid is placed or the predetermined price floor is reached.
Pricefalls.com should be a great new site to check out, especially for people who want great bargains. Also, it can be a great place to dispose of excess items which you can easily convert into cash using the “MyAuction” interface as well.