Best Online Penny Auctions

by Fred on February 13, 2011

Best Online Penny AuctionsWith so many penny auctions sites, it is important to know which ones are trustworthy and which ones will just run off with your money.  That is why it is imperative to first research the penny auctions site that you will be investing on. Thanks to online polls, we now know what the best online penny auctions sites are. This makes our penny auctions lives a whole lot easier. According to the best online penny auctions survey, Bidhere is leading the pack. The next in line is Swoopo followed by Bid Cactus. Let’s discuss each site briefly.

Bidhere is tagged as the number one best online penny auctions site from the top ten penny auctions online.  Bidhere offers excellent brand new products. Discounts to be found are amazing. They can range from 60-90% off the retail price. Bidhere allows users to bid either through their website or by text message. Upon your initial signup, you get 5 free bids. Auctions start from $0 and their items are all brand new so you are sure to get your money’s worth. The cost per bid is $.60. They have different types of auctions such as cash back, 20 second, 2-cent, fixed price and   more.  They also have “BidMonkey”, their automatic bidding tool.  It bids for you automatically when the timer reaches 0.  They have Bid Packs that come in amounts of 12, 25, 50, 100, 500 and 1,000 costing $15 to $1,200. If you win a bid you have 2 options. You can either get it in the form of bid credits equivalent to the retail price of the item, or pay the final bid price and get the item itself. They do not have any winning limitations. Bidhere is definitely the best online penny auction site there is.

The next best online penny auctions site is Swoopo. Bidding begins at $0.12. Once you bid on an item, you are given the option to purchase the item at a discounted price or continue with the bidding game. Bidding time is 20 seconds. The cost per bid is also $.60. Their bid packs start from 40 to 75 to 150, 400 and 1000 costing from $24-$600. They also have an automatic bidding tool called the “BidButler”. Swoopo also gives their bidders the option of buying penny bids that cost 60 cents before they start the penny auctions bidding. They have 14 types of auctions that you can choose from. They do have limitations though. Users can only win a maximum of 8 auctions in a 28 day period.  Still, they managed to rank in the number 2 spot among the top 10 best online penny auctions sites.

Third on the list for the best online penny auction site is Bid Cactus. The cost per bid is $.75, slightly higher than that of Bidhere and Swoopo. But it’s still enough to rank them as the third best online penny auction site. Their auctions start at $.10. Their Bid packs are available in amounts of 25, 50, 100, 250 and 500 costing between $18.75 to $375. They have four types of auctions, namely, 30-second, 20-second, 15-second and 10-second. They have a winning limitation of 30 wins in a month, and 3 wins in a day.

Needless to say, these sites that we have discussed are the top 3 best online penny auctions site for penny auctions. They each earned their place. So if you are looking for a bidding site to bid on, these are the favorite picks among bidders. Bidhere though offers the best discounts and service available.  So you might as well invest in the best.

With so many penny auctions sites, it is important to know which ones are trustworthy and which ones will just run off with your money.

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