Over the past year, we’ve seen a number of penny auction website implement a winning guarantee of some kind. In general, the penny auction winning guarantee is something offered to ensure (or at least improve the odds-of) a new bidder wins at least 1 auction. From the Penny Auciton’s standpoint, this reduces refund requests and makes the customer happy (so that they will come back and play more).

In this post, we though it would be useful to summarize winning guarantees as they apply to the major penny auction websites.

Factors Considered

  • Who can take advantage?
  • How is Guarantee applied?
  • How are other bidders affected?

Best Penny Auctions with Winning Guarantees

Auction Site How is the Guarantee applied?
 How are other bidders affected? Links
OrangeBidz New bidders who have purchased a qualifying bid package get 1 refill which can be used on
ANY auction.		 Tends to drive up the cost of auctions as new bidders get extra bidders and a SMALL advantage. Review
Try It
Quibids ALL new bidders who purchase a bid package can request 1 refill or a refund if they do not win. Tends to drive up the cost of auctions as new bidders get extra bidders and a SMALL advantage. Review
Try It
HappyBidDay New bidders who have purchased a qualifying bid package get UNLIMITED refills which can be used ONLY on designated auctions. Causes bidding wars in designated auctions as bidders can bid freely. Review
Try It
Beezid New bidders who have purchased a qualifying bid package get UNLIMITED refills as long as they bid on GW auctions. Causes bidding wars in designated auctions as bidders can bid freely. Review
Try It

Which Penny Auctions Offer a Winning Guarantee?

As the table indicates, most of the major and long-running penny auction websites offer a winning guarantee. It always applies to new bidders (first time purchasers only) and there are typically restrictions on the auctions in which these refunded bids can be used.

Why penny auction’s guarantee do you like the most?