Is WellBid.com a Legit Penny Auction? 23 Items Active Now

wellbidWellBid.com claims to have completed an absurdly high number of penny auctions, a banner on the top right corner of their website states: “385,813 Finished Auctions even 95% cheaper.”

Is WellBid a Legit Penny Auction?

WellBid is owned and operated by Welmory Limited, with registered offices based in Nicosia, Cyprus.

Operator - Welmory Limited with its registered office in Nicosia (Cyprus) P.C. 1065 Arch. Makariou III, 2-4/703, formed under the laws of Cyprus and registered in the Ministry of Commerce, Industry and Tourism, Department of Registrar of Companies and Official Receiver Nicosia, under No. HE 245903

According to a LinkedIn page for Welmory Ltd the company owns other penny auctions as well as WellBid in a number of other countries and languages. Each site claims to have offered the same 385,813 completed auctions, but the active items all all different across each site. 

Their domain products include the following: 

  • za1cent.sk
  • por1centimo.es
  • 10forintert.hu
  • za1cent.sk
  • za1korunu.cz
  • per1cent.it
  • us.wellbid.com
  • wellbid.de
  • wellbid.fr

“The Operator of the Service is the company Welmory Limited with its registered office in Nicosia (Cyprus) P.C. 1065 Arch. Makariou III, 2-4/703, formed under the laws of Cyprus and registered in the Ministry of Commerce, Industry and Tourism, Department of Registrar of Companies and Official Receiver Nicosia, under No. HE 245903 with an initial capital of 1,001,000 EUR (one milion one thousand euro), conducting auctions in Europe (United Kingdom, France, Italy, Hungary, Poland, Czech, Slovakia, Spain, Portugal, Russia), Asia, and the Americas. WellBid.com Service is systematically developed. Our goal is to offer users the most interesting forms of competition for exhibited items as well as to provide the most attractive prices of items and services auctioned.”

According to Alexa, WellBid’s traffic ranking is 305,237. WebsiteOutlook says the site is hosted in Poland at Beyond.pl sp. z o.o data center and is “most popular in the United Arab Emirates.”

Have you bid on WellBid?  One bidder claims to have won items but not receive them: 

The following review was posted to ScamBook:

“Wellbid.co.uk

Complaint 150782 Details Scan your bills for fraudThumbs up 0 Thumbs down Flag
Date Occurred: 08/25/2012Reported Damages: $494.00


Welmory Limited, trading as wellbid.co.uk.


An online auction site for which you purchase bids which are then used in auctions. If you win the auction, you pay the current bid price (in addition to the cost of the bids used) and any postage specified and then should receive the goods.

But you don’t get the goods and they never reply to emails, messages sent via their help pages or even to the dispute resolution service run by PayPal (through which the payments are made).

A quite sophisticated scam; the clues are there that it probably is a scam (bad spelling and grammar used throughout the site) but the use of PayPal lends it an air of respectability – that’s what fooled me.”

Do you have a similar less than favorable experience with this penny auction site? Let us know, discuss WellBid and all penny auctions with us in our Penny Auction Forum!

 

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8 comments… add one

  • fernando manuel santos estrela July 30, 2013, 4:15 pm

    fis uma compra no bidou bids inc.no valor de 2.69.cad,e descontarao 39.98.euros,e nao recebi nada.o que posso fazer,? nao cosigo,contacto telefonico.pesso,AJUDA.OBRIGADO.o meo contacto e 931947909 portugal

    Reply
  • Wellbid Portugal August 12, 2013, 2:36 am

    Olá Fernando,
    se você tiver qualquer dúvida ou problema com o nosso Site, por favor entre em contacto com o nosso Atendimento ao Cliente através deste endereço e-mail: supportpt@wellbid.com.
    A equipa do wellbid.com está sempre disposta a lhe ajudar.
    Com os melhores cumprimentos,
    a Equipa do wellbid.com

    Reply
  • pgarret09 February 4, 2014, 5:43 pm

    I joined Wellbid .com last week and won 3 small auctions . (3 x amazon gift cards)
    A lot of emails went to and fro and i feared the worst but today i got a phone call from their office in Cypress to confirm my id etc. Within 15 mins i received my auction wins in cash value to my pay pal account ,so thankfully i have to eat my words. They are legit and even tho it took a little time for verification all ended wwll.

    Reply
  • pgarret09 February 4, 2014, 5:46 pm

    sorry i meant to add that i am not a wellbid employee . I was stung by Bidrivals (remember them) a while back and was just quite weary .

    Reply
  • Raymond Tierney March 31, 2014, 10:06 pm

    You gave me a code to activate have tried lots of times to activate this with no success. What do I have too do??????????

    Reg’ds Ray

    Reply
    • Amanda Lee April 9, 2014, 10:14 am

      Ray, not sure what you mean? I didn’t give any codes to activate anything as I do not own this penny auction site just informing users about it!

      Reply
  • JAX April 2, 2014, 5:07 am

    i have wasted around 300 pounds on well bid and i haven’t won any item. i have observed and i am sure that the auction is operated by auto bots. Auto bots automatically bids in auctions until the desired price is reached. its a nice way of looting money. you just spent money on bids but u cant get anything.

    Reply
    • Amanda Lee April 9, 2014, 10:13 am

      :( @JAX – that can be the case.

      Reply

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