How does Priceline.com work?

Question

How does Priceline.com work?

Answer 1

there are two ways to purchase services.  

you can search for the lowest published fares, rates and purchase.  

or you can take your chances and bid for a lower rate.  Depending on a number of factors such as dates, number of units left for sale, you may be able to bid for 1% to 50% off or more.  

you have to do your research and see what the average price is at the moment and then try about 30% below that.  you can only bid once every 24 hours if your bid is not accepted.  you must also put your credit card info in and if they accept your bid, then you get charged right away.  there are no refunds and no changes.  also, when you bid, you do not know what airline, hotel or company you will be booking with but will be assured of certain things like on flights between such and such hours and for hotels, you can decide what class of hotel you want to bid for.