Bid-Bob.com is the latest penny auction site to experience a few pitfalls that can go with running a penny auction. These pitfalls have unfortunately, just this past month, forced them to suspend operations and shut down. A lot of Bid-Bob’s members have been very upset with the news, and many have demanded that they be refunded on bids that were, as per the penny auction site’s terms, non-refundable.
In case you were a Bid-Bob.com bidder, there’s hope!
We just received official word from Score Marketing and Promotions’ (SMP) penny auction site RagingBid.com, that RagingBid has just offered to help Bid-Bob’s users. RagingBid will be honoring the bid balance of all Bid-Bob.com customers with a transfer of bids on 6-1 ratio to bid used by bidders on RagingBid.com.
How Will RagingBid Honor Bid-Bob users’ Bids?
For every 1 bid in your account at Bid-Bob.com, you will receive 6 bids on RagingBid.com. RagingBid just celebrated their 2nd anniversary of running penny auctions and tells us they welcome the customers of Bid-Bob.com. For users who have existing accounts on RagingBid.com they will add the bid value to your existing account.
Bid-Bob.com President Bob MacReynolds says “RagingBid.com’s generosity by providing bid transfers for Bid-Bob.com customers proves they care deeply about the loyal customers of the Penny Auction Industry, and I believe they will continue to be upstanding corporate citizens in the future. We thank Scott and his team in advance for their help in this process, and we wish our customers well.”
We’d like to thank RagingBid for offering this to penny auction bidders, and are hopeful for what is in store for the penny auction industry.
Scott Matthews, President of SMP tells us, “We are in the process of developing alliances in the penny auction community that should give members the assurances that they can participate in a site without a financial risk. Many sites get into a financial burden due to a lack of traffic to their site or by bidders that can monopolize a site from the onset. We don’t feel that is was Bid-Bob.com or the officers of the company caused the problem, we feel that it was some much unforeseen circumstances and events that any site could face.”
RagingBid tells us that the bid transfers will occur over the next 2 weeks.
However, if you are still waiting for your wins from Bid-Bob.com take note that they are responsible for fulfilling previous auction wins at Bid-Bob.com.
Direct all product inquiries to Support[at]bid-bob.com.
Penny Auction Site RagingBid.com
RagingBid.com is a US based penny auction that offers a wide variety of items, and provides consumers with a number of different bid promotions. RagingBid’s parent company, Score Marketing and Promotions also offers the rewards center BluKos, Bluzzle game center, and the Social Bull social network. BluKos rewards consumers with discounts on entertainment, dining and shopping.
If you have any questions about RagingBid.com feel free to post them in both our penny auction forum and ask them via e-mail, Support[at]RagingBid.com.
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squcu2 February 22, 2012, 8:41 pm
Just another way that RagingBid and Scott prove to be the best PA site around. Nowhere else will you find this kind of genuine concern for the bidders and fairness to everyone. Kudos to Scott on another generous act. Proud to be a member of RagingBid !!