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Bizids Penny Auction
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How It Works
How It Works

How does Bizids work?

Register for free

If you want to bid online, first you will need to register. Registration is free and easy. You are registered with Bizids

Purchase Bids when ready

Bids cost from $0.40cents up to $0. 60cents each and come in bid packs of 25, 50, 100, 200, 300, 500 and 1000. Select a bid pack that you want to purchase and pay for it using Visa, Master Card, Bank Card thru Pay Pal.

Pick an auction

We have an exciting variety of items to choose from. All of the items auctioned on our site are brand new!

Type of Auctions

In A Penny Auction the price rises one cent at a time with each bid placed. There is no reserve price, an auction can actually be won for one cent if no one else bids against you.

In A Nail-biter Auction the Auto bidder is disabled. The bidder must manually place his/her bid. This auction gets more intense as the timer runs down, make no mistake by looking away because it could end that quick.

In A Reserve Auction each auction is set up with a reserve price. For Example: Say a $50.00 item is up for auction and the reserve price is set for 50 cents. Then the auction will not close out as a winner unless the 50 cents has been met. If the auction's time is running out and the reserve price is close to being met but has not been met,than the timer may at times be reset adding a few hours to the time.If no one wins the Reserve Auction then all bids placed on the auction will be returned back to your account within 24 hours.

In A Premium Auction the price per bid may vary. You may view the bid credits required by clicking on the premium auction and looking in the box below the bid button. These auctions will be held for greater and larger items.

Bid on an item

Each time you bid on an item, one bid will be deducted from your account and the auction price will increase by 1 cent. Note that once you place a bid, it is considered "used" and will not be returned to you, unless you are bidding on a resereve auction that has a reserve price. Then if the reserve is not met by the time the auction ends. All bids will be returned back to your account within 24 hours. If you are bidding on an item against a person that has auto bid set up, you may not see your name appear under the auction timer, due to the fast response of the auto bidder. But if you click on the picture of the item that you are bidding on you will see in the bid history box everyone bidding including you.

Auto Bidder

The auto bid system is designed to automatically bid for you, even if you are not logged in. You can set up the amount of bids that you want your auto bidder to place for you, if you don’t have the time to follow a live auction. Simply choose your price range and the maximum number of bids that you want the auto bidder to use. Your maximum price must be at least $1 dollar higher than the current end price. The auction can end before your minimum auto bidder range has been reached. The auto bidder can only join the auction within the given price range. All unused bids will be returned back to your account.

Buy It Now

Gives you the opportunity to purchase the Item at any time during an auction. If you decide to use buy it now after bidding on an auction, fifty percent of your used bids will be deducted from the total price.

Delivery Time

Delivery times may vary for each item. All of our items are shipped directly from our suppliers, and should arrive to you at the address you provided to us at registration within 1 to 2 weeks after payment has been received.

Item info

You can click the name or the picture to get more info about the item.

Auction timer (hh:mm:ss)

Shows how much longer the auction will be open. When the clock nears zero, each bid will add 10-30 seconds back to the clock to allow you or other bidders to respond.

Auction price

The price starts at zero and each bid increases it by 1 cent.

Current highest bidder

Displays the most recent bidder. If you are the final bidder when the clock runs out, you win, and the item is yours for the final auction price!

Bid button

Click here to place a bid on the item. There are only two charges associated with using our site: Purchasing bids in order to participate in an auction and Paying for an item you've won.

Paying for an item

If you win an auction, this is what you will pay: The final auction price plus shipping and handling. These charges can be found by clicking on the item. It is important to look at shipping costs when forming your auction strategy. Texas state residents must pay 8.00% sales tax on physical items due to state law, because we are a Texas based business. (Sorry, it’s the Law!) This program was not designed to deduct the 8.05% taxes so in the mean time a separate email will be sent to cover the retail sales taxes. Sorry for any inconvenience.Keep in mind that nothing will ever be charged to you until you manually run it through our checkout. Once checkout has been successfully completed and payment has been confirmed, your item will bw shipped.