A few months back we told you DinoBid would be launching on May 2! Well, this new bidding site is now open and bidders are already posting positive reviews on the site on the PennyAuctionWatch Facebook group.
Upcoming auctions on DinoBid include a $50 Walmart gift card + 20 free bids, a $25 Starbucks gift card + 20 free bids, a Chef Buddy Taco Salad bowl maker (That’s a first!), a $25 Macy’s gift card + 20 bids and a $25 Target gift card + 20 bids.
DinoBid offers two types of penny auctions:
1. Minimum price auctions. These are auctions that have a minimum reserve price before anyone can win the auction. These auctions will not end until the min price is reached, it is set by a percentage from 1% to never more than 7% of the auction’s buy it now price. According to DinoBid, if the minimum price is not met when the auction closes all bids will be refunded back to bidders accounts.
2. Stopwatch auctions
In a StopWatch auction, new bidders cannot enter the auction once the specified time has been reached, 10-20 minutes or so after the auction start time. This prevents new bidders from entry and minimizes the competition.
Have you bid on DinoBid.com? We want to hear from you!
Longtime penny auction bidder and Penny Auction Watch members tell us that they’ve received all wins thus far and that the site has good customer service.
How much are bids on this bidding site?
Bids on DinoBid.com are $0.60 each and can be bought in packs of 100, 200, 500, 1000, 1500, 2000 and 3000. They accept PayPal, Visa, MasterCard, Discover and American Express for payments. Bids are refundable.
All items are brand new on DinoBid.
DinoBid also offers buy it now. If you don’t win the item you bid on you can buy it for the stated buy it now price and get your bids back.
We hope to hear from more bidders soon and discuss DinoBid in the Penny Auction Watch forum!
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