Friday, April 22, 2011

Penny Auction Site Review: BidHere.com

BidHere.com
BidHere is one of the most popular penny auctions today.

PROs
  • Members can post their bids both online or via a text message
  • New members get five new bids after signing up (just like other penny bid auctions)
  • Offers many auction types including: cash back, not a 24-hour, speed, $0, fixed price, and so on
  • The option to pay the price in bid credits worth the value of the product’s retail price or to pay the final auction price and receive the item in 14 days via post
  • The option to add shipping insurance for only $35
  • Bid packs are available in packages for as small as 12 bids for $15, to as much as 100 bids for $1,200
CONs
  • Good luck competing with a lot of members using their automatic bidding tool, BidMonkey
  • Longer auctions, with at least 25 seconds waiting time as compared to the tradition 10 seconds
  • Suspicions of bidding bots: users report a surprise bidder who bid one second before the time runs out, but never bids again
  • Long wait period to receive the items – most members report having to contact
  • BidHere’s customer service at least once before their items were received in the mail