Ubidugo.com is a new penny auction travel site and was started by Irving Weisselberger.

Weisselberger graduated from UCF in 2008 with a degree in Finance and Accounting.

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UBIDUGO is an auction site that allows users to bid for trips. When a user doesn’t win an auction their bids are converted into travel points which go to buying the trips they bid on. In order to get bids users have to buy packages.

The site explains how the bidding process works: “Bids are purchased by you prior to bidding. Bids can be purchased individually or in bundles at prices that will be noted on the site. Each Bid provides you the right to place one bid on an auction item consisting of a travel experience, but the cost of the Bid is not applied to the final price paid for the auction item purchased. Payment for Bids can be made by credit card debit card or via PayPal.”

When asked about how he came up with the idea Weisselberger said, “One day I decided to create a system fair to the consumer where every single bidder was a winner. That’s how UBIDUGO came about, a new type of penny auction dedicated only to travel industry.”

The website launched on November 25 this year.

KNIGHTS is a special coupon for UCF students. It will give 50 percent more bids with the purchase of any package.