FairPennyBids.com Shuts Down

Unfortunately, more often than not, our news here is about site shutdowns than new startups.


BidCactus – a larger penny auction site just recently.

Now, a smaller site FairPennyBids.com has closed it’s doors. FairPennyBids.com tells us that all items have been shipped and all unused bids have been 100% refunding.

Did you bid on this penny auction site? If so, let us know what you think about them shutting down.



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4 comments… add one
  • kjohn1 May 10, 2014, 6:09 am

    I was a frequent customer on FairPenny, and was saddened when I got the email from the owner that he was shutting down. True to his word, though, all my wins were paid, and all my remaining bids were refunded quickly. It’s too bad decent, honest sites like that usually shut down; they just can’t get enough traffic. I suspect it’s only a matter of time before many more shut their ‘doors;’ there are simply too many “power bidders” on most of these sites, and that just sucks the fun out of it for most of us.

  • kjohn1 May 10, 2014, 6:12 am

    By the way, my current favorite site is NidBid. It’s setup doesn’t really allow for its ruination by powerbidders. I think sites like will be able to survive if they can get the attention they deserve.

    • Amanda Lee May 13, 2014, 9:46 pm

      Hi Kjohn, thanks for stopping by. What makes NidBid your favorite? Thanks! Amanda

      • kjohn1 May 14, 2014, 5:31 am

        NidBid is fairly unique in a couple of ways. It’s a reserve auction site (which I don’t usually like) but the setup is a little different. The Amazon gift cards start at $35 and go down by .05 with each bid, then, when the “reserve” price is hit, that person wins that amount on the gift card without having to pay for anything other than the bids they used. It can be anywhere from $10-$35, and in my experience it really does seem completely random; I’ve hit on the very first bid (and seen others do so too) and I’ve seen it go all the way down to just over $10.

        There are also random reserve Powerball auctions, where you bid to win a Powerball number. If that number is drawn as the Powerball in the following Saturdays lotto, you win either $250 or $500. I actually won a $500 Powerball prize several weeks ago, it’s my biggest single win to date on a penny auction site.

        Lastly, there are reserve auctions for bonus points and free bids. You use the bonus points, which are also accrued from bidding on specific auctions, to buy more bids, gift cards, or get cash into your PayPal account. So, even if you don’t win a gift card or Powerball, you can still use your points to get gift cards or cash.

        The only thing you pay for on the site are bids (only .10 each), which I really like. Shipping is free. The auction wins are free. They pay out and ship super fast. The customer service is excellent; they respond almost immediately to emails.

        One thing that some people don’t like, but that I think is awesome, is that your bids expire everyday. It seems like an effective way to keep things fair and prevent people from banking thousands of bids. You just buy what you plan to use for the day.

        The only bad thing I can say about the site is that it gets quite addicting! I really hope that they can get enough traffic to keep operating.

        And, by the way, I am not affiliated in any way with the site other than being a happy customer.


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