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Category Archives: penny auction

Penny Auctions Review – Are Penny Auction Sites The Wave Of The Future?

You’ve probably started to hear about new sites that allow you to buy brand new items like iPhone 4′s, and Plasma TV’s and other expensive items for pennies on the dollar. These sites incorporate a new way of auctioning that’s taking the world by storm and leaving old auctioning sites like eBay in turmoil. In case you’re still wondering, I’m talking about Penny Auctions.

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I was curious about how these auctions worked, so I signed up for a BBB Accredited Penny Auction site with a good reputation called DealFun . Apparently, Penny auctions work by having people purchase “bid packages”. Usually you get anywhere from 100-500 bids in a bid package, and you use up these bids by bidding on an item you want. Everytime someone places a bid on an item, the price of the item goes up by one penny.

Taking a look through the items on DealFun, I was surprised by how many of them were really expensive products (Sony TV’s, New iPhone’s, etc…)  that were going for really cheap. What you do is place a Bid on the item you want and this increases the bid timer by 10 seconds. To win an item you have to be the last bidder when the timer hits 0.

Click Here To Try DealFun

So my strategy to win a penny auction for a new Apple Ipad 3G was to wait until the timer hit 20 seconds left, and then start placing my bids on it. I waited patiently while the timer counted down, and once it hit that 20 second mark, I started placing my bids. I placed about 15 bids before the timer finally hit zero and I won! I was beyond excited, because the price of the item was only $11. That means, after spending 15 bids and having to purchase the new iPhone 4, I only had to spend a total of Under $25!

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I knew then, that I was about to get addicted to Penny Auctions. This is the real deal, and blows eBay and other auction sites out of the water. I’m finally able to buy all the Christmas Gifts I want for a super low price!

BidCactus Review – Should You Sign Up With BidCactus?

BidCactus has been around for quite a long time in the penny auctions arena. In fact, from our research, they’re listed as one of the largest penny auction sites in the world. However, this is never a guarantee that they’re the best site. From our review, it’s actually reasonable to say that they aren’t that good. Here’s why:

Since BidCactus is such a big site, there are so many more people on there trying to compete with you for products. We signed up and tested this out for ourselves, and lo and behold, it was nearly impossible for us to win any of the auctions we got into. We ended up using up 250+ bids and only getting one product – which pretty much meant we could have gone to the store and just bought it outright.

The next problem that we encountered with BidCactus is that the delivery times were slow. It took almost a month before we received the product we had won. Why wait a month for something that we could have received in one week with other sites?

A final problem that we had with BidCactus was that the people bidding on that site are crazy. Some of them  love throwing bids around for no reason. One guy kept bidding against us for a whole thirty minutes, until WE finally gave up.

The people that use BidCactus are more experienced and aren’t as easy to beat, either that, or they have deep pockets and use penny auction sites just for the thrill of it.

Nonetheless, one good thing we have to say about BidCactus is that they have great customer service. They’ll help you out if you give them a call and are there to answer any questions you have. That alone makes them better than 40% of the penny auction sites out there.

But in a nutshell, you should stay away from BidCactus if you actually want to get new products for a low price. Go in expecting to pay the same price as you would in a store. On the other hand, if you just like the thrill of penny auctions then go ahead and sign up with them, some of the people there will give you a run for your money (literally).

If you’re looking for penny auction sites where you stand a great chance of winning the newest products for dirt cheap prices then sign up with BidSauce , Ziinga or BidRivals. Check out our other posts for exclusive bonus codes for these sites.

Madbid Scam UK – Is MadBid.com All A Scam?! We Found Out!

If you live in the United Kingdom, you’re probably familiar with a penny auction site called MadBid. In fact, they’re currently one of the largest penny auctions sites in the UK, but hopefully we’ll change that with this review…

Why’d we decide to review them?

We were getting a lot of emails from our readers in the United Kingdom asking us whether MadBid was a legitimate site that they could trust, or whether it was just a big scam. We did some research on forums and found out that there are a lot of complaints filed against this company. However, by nature we’re pretty investigative people and decided to check them out for ourselves.

One of our buddies lives in the United Kingdom so we asked him if he could sign up for MadBid, purchase 200+ bids, and then let us use his account. Of course, he obliged like he always does, especially when we mentioned that if we won any products they’d end up in his house.

We logged into the account and started searching for some products we thought he’d want (T.V.’s, iPad’s, Kindles, etc…). There was a large selection of products to choose from, so we found three to four auctions to watch and wait.

Once the first auctions timer counted down to 30 seconds left, we started placing our bids. But the competition was insane! We went back and forth in a bidding war with someone for a good thirty minutes. Unfortunately, we had to call it quits after we lost 70 bids on that one.

And it was pretty much the exact same story for the other two auctions we participated in. We just wasted a bunch of bids without winning anything. It seems like there are more advanced bidders on the Madbid.com platform. You can find way less competition with other sites.

We didn’t get a chance to test the delivery time or customer service of MadBid so we can’t comment on those things. But one thing’s for sure, it’s really tough to win anything on that penny auction site, and you’d definitely be better off using BidRivals instead.

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