Bidcactus.com one of the leader in the penny auction business just got approved into the EAA

WESTPORT, Conn., Dec. 21, 2010 /PRNewswire/ — BidCactus.com is proud to announce their acceptance into the Entertainment Auction Association, THE governing body and face of the Paid Auctions Industry. Launched in 2008, BidCactus.com is the gold standard in penny auctions and has been at the forefront of the Paid Auctions Industry. The company is the first and only to be audited by a top accounting firm and the first to introduce a Player’s Bill of Rights. BidCactus.com offers shoppers the chance to bid for electronics, laptops and gift cards for mere pennies.

“When we set out to create the very best online auction experience, we knew what would get us there – a fun customer experience, helpful customer service and, most importantly, guaranteed fair play,” said Michael Staw, BidCactus.com CEO. “We have stayed true to our commitment and we are pleased to demonstrate it to our players by joining this important Association. We encourage all other Penny Auction companies to do the same.”

Comprised of three founding member companies, including BidCactus.com, the Entertainment Auction Association was created with the sole purpose of ensuring that companies operating within the paid auctions industry do so with absolute integrity. The Entertainment Auction Association will be run and directed by board members, officers, and a paid Executive Director, all of whom will oversee the activities of the Association and its members.

All Entertainment Auction Association members must prove that they are not engaging in any fraudulent or deceptive behavior, that their web site and marketing campaigns comply with the FTC’s truth-in-advertising rules and policies, and that they agree to be subject to specific fines and penalties (including expulsion from the Association) if they violate the Association’s code of conduct.

About BidCactus.com

BidCactus.com® LLC is one of the largest penny auction sites in the United States. Founded in 2008, the company has already auctioned off more than 100,000 items including televisions, laptops, electronics, household items and gift cards. The website runs 24 hours a day. Live customer support is available during business hours at 1-800-BID-8711. For more information about BidCactus.com, visit www.BidCactus.com.

SOURCE BidCactus.com LLC

To celebrate the launch of auctions for canadian residents, Bidcactus is auctionning a hand signed hockey pock from Wayne Gretzky. The autographed hockey puck come with 99 bids.

The first thing to do is to keep the free bids you get while registering, and also take advantage from free coupons codes available online. Use simple search queries on google like: penny auction free coupons or swoopo coupon codes etc…

While buying your first bid pack, use bonus coupon codes found online to get more bids.

Don’t start bidding on the items your desire right away, start by bidding on Bidpacks auctions. Try to win these auction to gather more bids. The goal is to lower your cost per bid. You need to win bidpack auctions in the beginning.

Once you have a good amount of bids, you can start attacking big auction items. Pick an auction and stick with it, don’t spread your bids on multiple auctions.

There is also couple penny auctions stat tools available to optimize your bid operations.

For Beezid you can use BeezidPro

For Swoopo you can use Swoopo Manual

For Bidcactus you can use Mike’s Awesome Software. The statistics analysis tool analyze past auctions history.

For Quibids use the BidProApp for Quibids See video below

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.

#1 Quibids

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.

#2 Bidcactus

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.

#3 Beezid

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.

#4 Swoopo

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.

#5 Bigdeal

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.