Is a Legit Penny Auction? 23 Items Active Now 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: 


“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. 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 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:


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

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!


That’s why online pharmacies is becoming more pops over the last years. Well-known are remedies which are used to reduce inflammation caused by inflammation of the skeletal muscle etc. There were only few examples. Did somebody tell you about canadian generic Viagra? Maybe you along know about the matter. Sexual disfunction can be a result of a physical condition. Even when it has a physical why, psychological problems can make the disorder worse. Sex drive problems are so commonly a product of how you feel that there is something to that “headache” saying after all.

Related Posts with Thumbnails
About the author: Connect with me on Google+
36 comments… add one
  • fernando manuel santos estrela July 30, 2013, 4:15 pm

    fis uma compra no bidou bids 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

    • mark March 25, 2015, 8:01 am

      if you have bought some bids and then realised that it is all a load of crap, is there any way of getting a refund on the unused bids?

      • Irene May 5, 2015, 1:00 am

        If you close your account they ask you to forfeit unused bids… I don’t know whether there’s a way to get it back but I agree it’s a load of crap. It can be likened to counting cards except it seems like they’re using software or employees from inside the company are watching it all play out and jump in at the last second. I feel like I sucker, but I know I’m never going near any sites like that again. You don’t get something for nothing…

  • 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:
    A equipa do está sempre disposta a lhe ajudar.
    Com os melhores cumprimentos,
    a Equipa do

  • 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.

    • Gary November 2, 2014, 4:27 am

      I also won 3 small auctions, 3 amazon gift cards one of which is being kept until I provide my credentials. This is probably a scam to load info on a database and sell to who knows where. Avoid

      • Amanda Lee November 12, 2014, 11:34 am

        Gary great please do let us know when and if you receive them! Thanks

    • Wayne Adams April 18, 2015, 11:48 pm


      And have only just discovered it today, research it for past 30 mins or so. From what I can calculate or tell
      Giving away expensive consumer wanted products at very, very Low prices.

      Since it’s not, 1’s common sense would assume it’s a scam site, trying to make a few quick bucks off suckers.


  • 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 .

  • Bidwinner February 26, 2014, 12:05 pm

    I’ve played on’ and earlier today won a £15 amazon voucher and 200 bid pack. After the win I received and email I’m not impressed with. You have to verify your account and suggests including photo ID via driving licence, passport, utility bill, bank statement. You have about 10 days to reply or your account is blocked!! I’m not sending then anything like the above and have emailed then to ask why they require it after theyactivated my account, allowed to to buy bids with a verified PayPal account. You even have to add your address to register so what more do they need. It might be genuine but I’m sending nothing and will stick to ebay.. There is even a win limit to keep an eye on. Be warned!

  • 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

    • 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!

  • 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.

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

      🙁 @JAX – that can be the case.

    • Krzysztof from Poland July 21, 2014, 12:23 pm

      You are absolutely right.

      The Wellbid auctions are tun by robots.

      When you look at statistics you will see the hundreds or thousands of bids spent for one auction – those are true.

      On other side you will see very funny – small and cheap finished auctions – those were won by robots and those actions are fake.

      More over the price of items shown by by Wellbid of all items is 2 times bigger than on the marked.

      I had lost 130 Euro and I’m win nothing except the bids, and I have same amount of bids as at the beginning.

      Do not use it.

  • Clive May 5, 2014, 9:46 am

    I was interested in wellbid but when I started to check the auctions I could not find any bidders that were not using auto bid . I would state that this is not normal activity as you will always find bidders bidding manually

    To find no users bidding manually can only mean that this is a scam and to be honest needs to be shut down for the sake of the genuine operators in this industry

    Or the operators need to explain themselves

  • Lynda Bayliss May 5, 2014, 5:35 pm

    I have just joined wellbid and was just sat here watching some people bidding for about 5 mins well its a scam unless your bidding by your self for the last 3 bid gonni1 has bid it up with no one else bidding when it gets to 1 second left there he goes bidding again
    no one else stay away i know i will.

  • Garry June 29, 2014, 7:39 pm

    For people who are afraid that quickly lose their bids proposing deals:
    going with this link you will receive in 2000 bids in price 1000 bids
    come in. and see! only for new players who register for the first time.

  • jotaman August 19, 2014, 11:21 pm

    I have spent many hours studying, observing and monitoring countless auctions on, before plunging in with my own hard earned BIDs. And the site is plagued with bots. The only legit, bot-free, auctions seem to be the ones for begginers (users that have never won an auction). All the others have bots appearing whenever a human user is left alone at the auction (or is about to be left alone and win). Bots have the ability of knowing how many autobids you have left and so if you are in a autobid war with another human and you only have 5 bids to go and the adversary has 10, a bot will appear so that none of you wins the auction.
    They are fairly easy to spot too because of their computer generated nicks. Humans normally go for meaninful or at least “readable” nicknames whereas bots usually have random spelling and common formats, like: “agaekiert84”, “hicjitin29”, “aktywista”, “laselus86”, … But the easiest way to spot a bot is by seeing a nick like these ALWAYS PLAYING AGAINST A “NORMAL” HUMAN NICK/USER!!

    It’s a shame that no one can bring this scam to a halt. It’s a fun method of bidding because it envolves strategy, but not like this. You are defeated right from the start. Nevertheless I recommend people to subscribe the initial bid package, win a begginer’s auction and cash the profit directly to PayPal and never play again because you will not win anything before you spend much more than the value of what you win!

  • Lewis September 6, 2014, 3:15 am

    They are a FRAUD – they would not verify auctions I had won until I provided them a copy of a photo id (they requested a drivers liscense or passport) and verification of an address & this they even suggested I send them a copy of a bank statement have nothing to do with them

    • Amanda Lee September 6, 2014, 11:57 am

      Wow really!? Do you have the email from them?

  • Mr Harbour September 28, 2014, 7:16 pm

    Wellbid is a blatant rip off, I’ve spent £300 trying to win on 2 items only to be outbid any normal person sat at home would have backed down ages ago, but they just kept bidding. These are either bots or staff bidding against you. Also the items are vastly overpriced by at least 30%

    If you have a Facebook account. out them and warn others, also write to Google so they lose their page rank.

    The ridiculous part is, they’d make a lot more money if they just played legitimately.

    I will never return

  • bluebellhill October 2, 2014, 1:42 pm

    Last went on the site on 26th September, On the 1st and 2nd October there were 4 attempts to ger money from my Paypal account.
    Reported it as a fraud to Paypal they so not enough evidence.

    Don’t get involved.

  • Bad Dog December 8, 2014, 10:38 pm

    C’mon people…. really…. all penny auction sites are scams, only real auctions are the ones where you don’t have to buy bid packs.. you only pay if you win…

    • Amanda Lee December 9, 2014, 4:49 pm

      Not necessarily. Not all of them are “scams” but some do legitimately scam people. I’ve won iMacs, designer handbags, kitchen items, TVs and tons more over the years, but there is definitely risk.

  • Dom Ide December 16, 2014, 9:07 am

    I’ve played wellbid for the past few months. To begin with, I won nearly £700 worth of items. A kettle at £120, a 64GB flash drive at £70, a £100 amazon gift card and plenty of other things. It was going amazing and I was actually making a really good profit and not putting a penny more in to my account that they hadn’t paid for themselves. Then it all changed! I had 5-10 auctions in a row where me and one other were autobidding and as my auto bid was about to win, my bid became high bid because my competitor ran out and a new autobidder showed up in the last second preventing my win. Funny thing is, it’s always on the higher priced items where this happens, yet I have won lots of £15 gift cards without a problem!
    I’m not sure if my account got flagged for winning and not paying more for new bids and has now got bots bidding against it but it seems like, I pay for bids, I win, I use items converted into bids and I lose.

  • Raymond Haslett December 31, 2014, 6:04 pm

    Just joined wellbid on 30/12/2014 and was offered 2000 bids at half price £27-50 but when I went to pay for them they had gone and had to fork out £55 for 2000. I started to bid on a TV and within seconds someone had snapped it up for a couple of quid, then I bid on 2500 bids and the same thing happened only a few pence this time. Then I brozed through the items and saw an apple I phone and started the serious bidding, set up auto bid at 50 bids and within about five minutes they had gone and so have all the rest and won nothing. This site is a total rip off and I want to know how one person I watched bidding on a£15 voucher bid £40 in bids as I spent half an hour counting each bid from the same bidder, how does this justify or make sense or can some people not count. I reckon by the time the bidding stopped on this voucher it had made over £1000 in bids as it had reached over£3 when it finished. This is outrageous profit for those money grabbers. Wonder how many tens of thousands profit the upmarket goods each make?

  • lol March 11, 2015, 11:55 am

    This site “pennyauctions” is paid by wellbid…. WELLBID IS SCAM… = FAKE USERS = YOU MAY WIN ONCE BUT IF YOU KEEP PLAYING YOU WILL LOSE (has I have, fotunnally I dropped off right away)

    • Amanda Lee April 26, 2015, 1:49 pm

      no it’s not actually this site is not paid for by anyone I was just writing a post and posing a question! No money is paid to me by WellBid.

  • Laurene Tagg March 12, 2015, 10:04 pm

    I will never deal with wellbid as I find it very inappropriate of them wanting to verify my ID with driving licence or passport copies.

  • Nearly Got Me! May 1, 2015, 6:59 am

    Thanks to everyone for leaving these comments. They nearly got me but when I raed that the company was registered in Cyprus, alarm bells rang, then I found your page and it all made sense! Thank you to everyone who told the truth.

  • Sydney May 3, 2015, 10:30 am

    Full blown scam I found the as on austar (paid tv in Australia)
    I have spent the past 2hr hacking a account with free bids (to see if I could scam a ps4) I have been doing stuff like this for awhile many sites like PayPal take a day or so just to generate $50aud this took 2hrs (shit firewall, terrible server location and open network) these are things PayPal and eBay do NOT have
    I bided up to 100 times “cent by cent” and was always out bided I gave up when I fought it till the timer ran out and was still not the highest bidder (go figure you can’t win if you cheat) so I went to work on the gift cards they where very easy to win only a few bid attempts, a hr later revived a email that asked me to provide my personal info (Iam thinking of providing fake credentials) but as soon as I saw this I remembers how much you can do with a simple licence number
    I have a method of turn it into a phone bill, that into a bank account, those into a po box and those into medical insurance and all that into fresh ID card or birth certificate and the you have a pass port or a copy of it, whom ever owns this site can do a lot with alittle don’t fall for this please Iam a code monkey back that’s why I tell you this because he is much like me but turned to crime
    – don’t ever send copies of you ID/creds over email
    – always check where a suss email has come from
    – with the net if it’s to good to believe it truely is I have seen the internet grow and was able to make thousands befor bitcoins fell
    Stay safe I hope my insight was helpful

  • Cesare Fede May 10, 2015, 3:48 am

    I do believe wellbid auctions are controlled by robots;

    I do believe during the auction there is always at least a fake bidder against you
    If you go on playing this is evident, but I wouldn’t know how to prove it in court;
    I put under extensive mathematic screening Wellbid business: it emerges they are loosing a lot of money. This would drive broken any company, unless they are cheating on the software;

    Their headquarters are in Republic of Cyprus, but they have no business in there or in Greece; in this way there isn’t any fraud over there, and local authorities have no reason for investigating and putting them on trial.

    Sometimes happens to find beautiful monsters ..

  • Fabio Oliveira January 10, 2016, 3:31 am

    Eu comprei bits e ganhei 10£ payso recebi um email para pagar o valor final do leilão 2€, paguei e em seguida recebi o giftcard. Porém o mesmo vinha expirado, contactei o site do leilão e disseram para contactar a payso e vice-versa, resultado: ganhei, paguei, recebi e nunca pude utilizar o giftcard pois ninguém resolvia um mandava contactar o outro… Criei um site parecido para testes e todos que experimentei tinham robot por isso digo que é Fraude.

  • Dias July 9, 2016, 11:17 am

    No it’s not, total scam, bidding against the users. If you need to spend money to find out, do it. Otherwise, just check the auctions taking place, for each currency unit it is sold for (1€ per example), they make 10 times the number that is on the green button to bid. If 9, for 1 €, they make 90€ in bids. So, if a 1500€ iMac is sold for 10€, they make 900€, so they lost (not the 600€ because they prices are ridiculous high, but they lost).
    Also, enter a product and check the average time that each one take. Calculate the time in seconds it take, and divide by 10, since all long lasting auction are “done” with Autobids, which take place when the counter reaches 0. Multiply by the number of bids each bid consumes (the green number on the bid button) and by 0,03 which is roughly the cost to the user to bid and by 2 (since for the auction to continue at least 2 bidders need to be there). Se the gap to the price of the item and ask yourself if they are in the world for charaty.

    The auctions that are not so much controlled by them, are bid packs, which you will eventually loose when you go for products you really want.
    You will eventually win some auction, like amazon gift cards, but thats it. Maybe one odd person gets lucky and they bots fail, or they are allowed to win with little investment, just for the sake of good word of mouth and get others in there to loose, or the same person getting back for more, but thats it. They exist to scam people.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.