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Build your penny auction site in minutes! ICPennyBid is a powerful, scalable & fully-featured penny auction software that lets create the ultimate profitable online penny auction website, like Quibids, BidCactus or Madbid. It allows to manage entire online auction operation: create new auctions within seconds, view members auctions and use the auction extension settings tool. Our penny auction software ICPennyBid will allow to setup comprehensive and robust site with two auction types: regular penny auction and 'buy seats' penny auction (user must buy seat to participate). Site administrator can adjust auctions time, step, bid increments, date formats, user authentication, graphic design layout and other parameters in admin panel. Auction payments are via PayPal and it is possible to integrate another payment processor.