Some good penny bidding sites include DidaBid.com, UBidWin.com, BidSerious.com and QuiBids.com. Penny Auction Watch, an organization that verifies the legitimacy of penny bidding sites, recommends these sites. These sites allow users to bid on electronic gadgets, kitchenware and gift cards.
Most penny bidding sites allow users to make bids from 0.00 dollars. However, users must pay for their bids, even when they lose the item on auction to someone else. This business model creates loopholes that fraudsters often exploit. PennyAuctionWatch.com monitors the penny bidding industry and exposes potential abuses. The site also analyzes the bidding sites with fair practices and recommends DidaBid, UbidWin, BidSerious and Quibids.
When users sign up on these penny bidding sites, they receive up to three free bids to place on their items of choice. These sites enjoy a good reputation and continuously post positive reviews from their users. The four auction sites also offer selective discounts to users who lose in the auction. DidaBid ensures that users don't pay more than 5 percent of an item's retail price.
Unlike other popular penny bidding sites, the bidding competition on these sites is relatively low. This means that users can win auctions without spending too much money on buying new bids.