Reviews of the Best Penny Auctions Today
Best Penny Auction Sites is a penny auction review website designed to inform penny auction newbies and experienced bidders on the ins-and-outs of penny auction sites. Our 1 cent auction reviews are packed with details about each website including contact information, site-specific strategies, tips for getting free bids and much more.
2020 Penny Auction Website Rankings
Our community of readers are also welcome to contribute penny auction testimonial and penny auction reviews of their own. Please enjoy the information on this website and contact us if you have any questions. Thanks and good luck bidding!
|Online Auction||Overall Rating||Feature Overview||Beginner Auctions||Buy-It Auctions||Free Sign-Up Bids||BBB Rating||Links|
|Beginner auctions, very high volume of auctions, fair competition.||A+||DealDash Reviews | Try It|
|Beginner auctions, bid free auctions, low competition.||A||OrangeBidz Reviews | Try It|
|Highly trusted, buy-it auctions, ‘Badges’ for free bids.||A (under review)||Quibids Reviews | Try It|
|New Penny Auction, Low Competition||n/a||BidCasters Reviews | Try It|
NEW FROM THE PENNY AUCTION BLOG
Happy 10th Birthday DealDash! DealDash is celebrating 10 years of penny auctions this week. What that means for us bidders is this- penny auctions that we've never seen before, period. This includes a jukebox, sauna, [...]
PENNY AUCTION COMPARISON GUIDE
|Website||Editor's Rating||Type||Best Features|
|Review Coming Soon||E-commerce||Huge online marketplace, many perks with prime membership including 2-day free shipping||@amazon|
|Read Review||Penny Auction||Many auctions available from TV's to home appliances, featuring beginner auctions, free shipping, good reputation.||@dealdash|
|Read Review||Free Auction||Largest marketplace to find online auctions, with many categories, offers buy it now and promotions||@ebay|
|Read Review||Free Auction,|
|Offers products across all categories, similar to eBay, less expensive for sellers so slightly lower prices.||@bonanza|
|Read Review||Penny Auction||Always free shipping. You can earn free bids by referring friends and family.||@centbids|
|Read Review||Paid Auction||Gold auctions free bids with seat auctions starting at $1, “Take My Profits” option to cash out.||@goldiq|
|Read Review||Free Auction||Many auctions are available in all categories, unique product offering.||@ebid|
|Read Review||Free Auction, |
|Offers vacation & travel auctions, excellent Deal of the Day section with unique buy it now offers.||@ubid|
|Read Review||Free Auction||Steal of the Day section, various categories with authentic police seized, stolen, abandoned and surplus goods.||@propertyroom|
|Read Review||Penny Auction||Special events to win extra bids, prizes, or other incentives, shipping is free, refer-a-friend program to earn free bids.||@orangebidz|
|Read Review||Penny Auction, |
|Free shipping on almost everything, auctions available in many categories laptops and tablets to purses and jewelry.||@quibids|
|Read Review||Free Auction, |
|Various product categories from jewelry to electronics featuring high paced auctions, with Buy It Now options.||@tophatter|
|Read Review||Penny Auction, |
|Primabids store where you can buy it now, winners can re-sell products which they’ve won, gift cards, games, and many other products.||@primabids|
|Read Review||Penny Auction||Beginner Auctions, buy it auctions, offers auctions in many categories and discounts for new bidders.||@wellbid|
|Read Review||Free Auction||Offers government Auction information for thousands of yearly government auctions, bank foreclosure, car, truck, and other automobile auctions||@policeauctions|
PENNY AUCTION FAQs
This is a great question. Like many other traditional auctions, a penny auction does not an official end time. Rather, the first time that the clock approaches 0:00 is actually technically called the beginning.
Each time a bid is placed, more time is added to the clock. So, as long as there are still active bidders, the penny auction will not end.
Can a penny auction last forever?
It probably can, but never does. Some penny auctions end very quickly and others can last for hours. Part of the ‘game’ is having a strategy to identify how many other bidders there are, how serious they are, etc.
The question about whether or not penny auctions are scams is one of the most commonly asked questions about penny auctions that we’ve ever heard. In our opinion, penny auctions are NOT spams, just by being penny auctions. That is, some may be scams but the auction format is clear and fair and participation is always optional.
We are confident that the longest-running penny auctions operate honorably and are also confident that there have, over the years, been several penny auction websites that were scams.
As a whole, we do not feel that penny auctions are scams.
Penny auctions typically get their merchandise from the same places that most other retailers do. Penny auctions are able to sell merchandise at lower prices because they make their money on bid sales.
Penny auctions make their money by selling bid and bid packages. While they lose money on each auction, a successful penny auction makes it back plus some on the bid packages sales.
Winning penny auctions takes a bit of strategy.
As a new bidder it’s really important to do some homework before jumping into penny actions and having a bad experience. Some quick penny auction tips to consider as a new bidder:
- Bid conservatively until you have some experience
- Bid on small penny auction items, even though the iPads and flat-screen TVs are appealing
- Take advantage of beginner auctions like Quibids and HappyBidDay offer
We strongly encourage all penny auction bidders to first research each penny auction website and then consider some of the different penny auctions strategies which we’ve outlined. This will help increase your chances of winning penny auctions.
Understanding how penny auctions work is pretty simple.
Penny auctions are an online auction format where users have to pay to participate in auctions. This typically means that penny auction participants need to purchase ‘bid packages’, each of which contains several bids which can be placed on auctions. In general, these are non-refundable, although there are exceptions.
In penny auctions, a timer counts down and the auction ends when it gets to 0:00. The catch is that as the auction nears the end, each bid placed adds a small amount of time to the auction timer. This gives other penny auction bidders the chance to also bid on the auction.
The winner of a penny auction is typically the last bidder. This is the short verion but you can learn more about 1-cent auctions and how they how in our penny auction blog.
We’ve recently began to compile a list of notable penny auction websites which have come and gone over the years.