Entertainment shopping sites also called penny auction sites are becoming very popular lately, new sites are popping every day. Their popularity is mainly due to their incredible offers, users usually save around 95% of the regular price for brand new items like iPads, 3dTVs etc..
For internet shoppers looking for great bargains, it is becoming harder to find a site they can trust. The following list is a top 5 of the most popular penny auction sites in term of traffic and items auctioned. Since internet traffic determine the amount of money spent in advertisement, a penny auction site with a huge advertisement budget can legitimate his trustworthiness.
According to Quibids CEO ”Matt Beckham ”, his site is the largest US penny auction in term of auctions per day. Around 200 auctions are won every day on Quibids. This site offers the possibility to buy items minus the money you spent on auctions lost of that specific item.
The bid price is around $0.60 and bid packs are available in 40, 75, 300, 600 and 800 bids packs.
Quibids is trustworthy and no issues with items delivery were reported.
The auctions start at $0.10 and bids are available is 25, 50, 100, 250 and 500 packs.
Bidcactus is the only penny auction site that was examined by a third party and reputable accountant office “ Ernst & Young LLP ” They also have a BBB accreditation. Bidcactus seems to give a lot of importance to their online trustworthy reputation.
Beezid auctions starts at $0 each and bids cost around $0.60 and comes is quantities of 30, 50, 100, 200, 350 and 500 packs. Beezid is very credible because of their regular TV ad spots and radio sponsoring on the infamous Howard Stern show. The variety of products they auction is large, from 3dTVs to Ford Mustangs.
Swoopo is the original penny auction site, based in Germany, Swoopo created the concept that was quickly copied all around the world. They are certainly trustworthy, they have offices in multiple countries like Canada, USA, UK, France etc… and run a local website for each country.
Bigdeal was build in silicone valley and is backed by big financial venture companies like the Mayfield Fund, First Round Capital, and Foundation Capital. Bids cost arounf $0.75 and auctions starts at $0 or $0.05.
The list of websites above is certainly trustworthy to bid on, no bots or shill bidding was reported and any bad reviews you will find online were posted by surfers who have no ideas what the penny auction model is about. Entertainment auction sites are a great way to save money and winning auctions at a fraction of the retailing cost. Customers should choose their penny auction sites carefully according to their personal preference and budget.
Alfred Bergfeld
on Sep 4th, 2010
@ 2:53 pm:
I last but not least determined to write a comment in your website. I just needed to express very good position. I definitely appreciate reading through your posts.
Alex
on Sep 4th, 2010
@ 7:20 pm:
Nice list man! How much funding did Bigdeal get?
Alan Poole
on Sep 6th, 2010
@ 10:20 am:
This is probably the first list that actually looks very accurate that I have seen.
admin
on Sep 6th, 2010
@ 3:24 pm:
@Alex
According to the techcrunch article below, they raised $4.5 million
http://techcrunch.com/2009/11/19/bigdeal-com-reinvents-and-legitimizes-swoopos-controversial-auction-bidding-model/
Selmoo
on Sep 13th, 2010
@ 11:22 pm:
Be sure to check out http://www.Sellmoo.com
Darrick Sandavol
on Sep 16th, 2010
@ 12:21 pm:
Maybe someone can clarify something for me. I’m just not getting it!
Bidsauce Auction
on Oct 9th, 2010
@ 11:13 pm:
Is this all natural or has it got side effects?
Christian
on Feb 1st, 2011
@ 5:05 am:
This article is NOT accurate.
SWOOPO cannot and do not have offices in France, the person that wrote this article should do his research properly and as such raises questions regarding the veracity of his/her claims re the other webiste cited.
Penny Auction websites are not allowed in France as they are categorized as ‘Gaming Websites’. It is La Française des Jeux (FDJeux), a governmental institution, that has the monopole. Only recently the market in the online gaming sector has been opened to a few websites, scrupulously chosen by the Authorities and FDjeux.
Penny Auctions
on Feb 4th, 2011
@ 8:52 pm:
Since this article was published in August, the top 5 penny auctions have probably changed.