I have been watching this industry since April 2009. The idea intrigued me so much I couldn’t stop talking about it. I bid on various penny auction sites for about two months. The feeling I got when bidding was amazing. My heart would beat so hard I could feel it in my fingertips. That is when I realized that this rush is something that everyone needs to feel. After months of working out a business model, bringing on the right folks, and developing BidBlink from the ground up, we have finally launched. We are very excited for people to experience penny auctions the BidBlink way.
Penny Auction Watch: What kind of items do you have lined up?
We are looking into offering other auction styles to the site to offer our customers a little variety.
Penny Auction Watch: What are the timer increments between bids/does this vary by auction?
For every bid that is placed, BidBlink will add up to 15 seconds to the timer if there is less than 60 seconds remaining on the timer. Once the time has reached 60 seconds left, the timer will never exceed 60 seconds again. This is so an auction doesn’t get dragged out for hours like some other sites.
Penny Auction Watch: I see that your bid price is lower than the majority of penny auctions, do you plan to keep it this low?
BidBlink offers bids as low as 10 cents per bid. We have no current plans to to change our bid pricing.  We want bidders to have fun bidding without thinking about spending 60+ cents a bid like almost every other penny auction site. BidBlink was designed to be easy to use, as well be easy on the wallet.
The shipping costs vary based on the product. For our auctions that we’ve had so far, the shipping has ranged from $3.99 to $14.99, depending on the product. We try to keep them as low as possible and always clearly display what the shipping costs are so there is no confusion.
BidBlink currently doesn’t have any win limits but we are watching this closely.  Because we are a newer penny auction site and the traffic is low, we are giving away incredible deals. Just to give you an idea of what kind of deals people are getting, here are some examples of recent won auctions:
– $50 Amazon Gift Card (worth $50) = $3.68 final price + $3.99 shipping + 23 bids placed to win
– Apple iPod shuffle 4th gen (worth $80) = $7.91 final price + $3.99 shipping + 3 bids placed to win
– Nintendo Wii (worth $200)Â = $19.38 final price + $14.99 shipping + 374 bids placed to win
– Beatles Rock Band Game (worth $60)Â = $5.96 final price + $4.99 shipping + 1 bid placed to win
– The list goes on…
Remember, our bids are as low as 10 cents each! To get back to your original question, I am sure that we will eventually have a win limit but haven’t mandated one yet due to our small user base.
Thanks,
Ryan
BidBlink
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Mike nelson November 6, 2010, 9:07 pm
SCAM. The first 15 days of the website being open the same 20 ” bidders” win ALL the items with huge gross bids placed. A 100 bid pack sells for -$12 and the winner spent 1900 bids to get 100, a Wii for -!$42 and the winner spends $4600 bids ($1700) for a $200 wii!!!???? Get real folks the have auto bidders set up until you quit bidding and the never send out the products. Notice no photo testimonies??!! Get real
samsonn25 January 26, 2011, 2:18 am
Just look at the alexa rank 4xx,000 and daily visitors, obviously they are making alot of stuff up. Even though .12 cents a bid sounds too good to be true, it is! Hard to sustain or even build a pyramid like this. Their most popular bid pack is 200 bids for under $80, = .40 cents per bid, whaat is going on here???