Penny Auction Sites

Penny auctions have become the latest in the great race of a good deal online. The point is to buy very cheap and get a great deal for your home or items you can resale at a higher price. But like many things, you have to be aware of scams.

Not all penny auction sites are scams. Many are a great place to find goods and services at a great price. You just sign up as a member and purchase your bids or bid package. Only members can purchases bids to purchase products. Bids at many sites are limited to a daily amount according to the sites policy.

Some sites allow two bids per day and others are higher. You have to be persistent and online to make sure your bid is the last and final bid before closing. Once the bid closes, the last highest bid wins. Only the site owners decide what the last bid is and who wins. Winners will be notified by email within 48 hours of closing.

Some of the better sites to know about are Bidcatus.com. This is a full service site with a great traffic count. The higher the traffic count for the amount of goods for sale, the better the site. A good traffic count means less chance of scam activity.

Next is dealdash.com.  This site offer a $100 Home Depot gift card and 40 bonus credits with sign up. Offers are electronics and brand name items. They are quick to respond and have a good delivery record.

Bidstick.com offers 99% discounts for their product bids. Sometimes you can win the bid with a percentage count at 99%, but most of the time it is lower. However, it is a great training ground for penny auctions and they are fair with their customers.

Beezid.com offers cameras, electronics of all kinds, brand name computers and other items at a possible 90% discount. Great to work with and has a good record of on time delivery of goods and services.  This site is worth the effort.

photo credit: maureen lunn