To participate in our penny auctions you will need to purchase a bid package. You can also use bids that you purchased from an auction you won. Each time a bid is placed the auction price increases by $.01. The last bidder purchases the product for the final auction price.
Happy Auctions are our free-to-participate auctions where you use your Free Bids earned through the Rewards Program. Look for the smiley face icon to join these free-to-bid auctions.
Happy Auctions open at 15% of their retail price, and increase by $0.02 with each bid. These auctions are also capped at 70% of the listed retail price, guaranteeing savings for the winner. In other words, Happy Auction winners always enjoy at least a 30% discount! When the clock runs out and there are no more bids, the last person to place his bid wins the auction. .
Take advantage of our Starter Auctions, exclusively for users who have less than 5 penny auction wins.
Buy It Auction
If you bid and don't win a Buy It auction, you still have another opportunity to make it yours. When the auction's over, non-winners have 24 hours to purchase the item for the listed retail value and get their bids back. (See Buy It Page for more details.)
Capped Auctions work just like our Penny Auctions: participants place bids, each bid increases the price, and when there are no more bidders and the auction timer reaches 0:00, the last bidder wins the auction. The difference here is that these auctions have designated Capped Prices. Once the auction reaches the Capped Price, bids no longer increase the price, and the winning bidder pays the capped amount for the item (plus shipping and handling, as usual).
VIB (Very Important Bidder) Auction
VIB Auctions, a.k.a. Very Important Bidder Auctions, are Penny Auctions with a simple twist. Anyone can bid on a VIB Auction until it reaches a preset price point called the VIB Price (which you can see any time by hovering your mouse over the VIB icon). Once the VIB Price is met, no new bidders are allowed in the auction - no jumpers! More savings, less competition.
Winner Bids Back Auction
25% of bids used by the winner are returned at the end of the auction.