2010 Honda Civic: $1,732

"High ticket items and even cars are being auctioned for 90% off! Register yourself now!"

CONSUMER NEWS REPORTER

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$14.67 for a New iPad?

"ZBiddy users all over the nation are saving hundreds of dollars while shopping online..."

New Penny Auction Site ZBiddy.com Saves Consumers Up To 90% Off Retail

STORY HIGHLIGHTS

  • New penny auctions can save up to 90% on retail items.
  • ZBiddy-Users report buying HDTVs for under $3!
  • ZBiddy.com is one of the most popular sites

(CNR) -- As part of a new series: "Ways to Save Money During the Recession" we examine consumer tips for getting what they need during a recession for less!

Reporter
Karen Simpson investigates hot deals and shopping trends, like ZBiddy and other penny auctions.

Penny auction websites are a new phenomenon that is quickly sweeping through North America and Europe. If you love bargains and haven't heard about penny auctions, it's time you learned more and got in the game.

Penny auctions, like ZBiddy, are a new way to shop online while saving big money on popular consumer items. They are similar to traditional auction sites like eBay, but allow you to purchase brand new consumer items directly from the source, instead of from third parties. Because of the way the bidding is set up, people can save up to 95 percent off the regular retail price of popular items like cameras, laptops and phones.

Some people think the savings are too good to be true – but they are wrong. The reason people can save money is that ZBiddy.com and other penny auction sites aren't run by eBay. They don't make the bidding process free. Instead, you have to pay for your bids and find ways to spend them wisely.

Because everyone is paying to participate in these auctions – even if they lose – ZBiddy can offer their winners huge savings. Bids cost about 50 cents each, though the price varies depending on how many you buy at a time.

Since the bid prices subsidize the auctions, it's possible to get new computers like MacBooks for as low as $375 – once you understand how to win an auction.

"I signed up for ZBiddy, and now I'm driving a $16,356 Honda Civic that I won for $1,732.09 on the site. ZBiddy has really paid off in so many ways, first of all with the savings on the products, and now winning this Honda Civic!
I guess I can say thanks? [laughs]."

- ZBiddy User "Tryagain2" from San Antonio, TX

"As I was bidding, my roommate was asking me how the auction was going. At that moment, gazing at the screen, I watched as the timer read, "3... 2... 1...SOLD!" and i won this VIZIO 32" HDTV for $2.60. Answering his question, I did some awesome air kicks to liberate the adrenaline that was pumping through me. True story. Oh and I recently had won a 120 GB Playstation 3 that was generously upgraded to a 250 GB model. I've really enjoyed using ZBiddy...it's kind of awesome!"

- ZBiddy User Cyril B. from Arizona

How Do I Use ZBiddy?

Auctions start at $0. Bids raise the price and add time the clock. If you are the final bidder when clock hits 00:00:00, you are the winner!

Can You Really Win?

Some people think that it's impossible to win with ZBiddy. The truth is that hundreds of people a day are winning auctions at ZBiddy.com. In fact, ZBiddy has so many repeat winners that they display user wins and have an all time leader board that updates regularly.

ZBiddy takes winning beyond just auctions because they offer daily and monthly bidder prizes. After doing the calculations, in a 30 day month ZBiddy actually gives you 1550 additional chances to win a prize.

When signing up, be sure to use promo code "SB25WAL" (all caps) to get 1000 free bids PLUS a $25 Walmart gift card. It's a retail value of $625.00 and expires on .

Start Here: Register at the ZBiddy Official Site

Would you like to share a consumer tip for next week? If so, please send us an email!

Comments (15 out of 15)

Read Responses For: "New Penny Auction Site ZBiddy.com Saves Consumers up to 90% off Retail"
Joseph says:
OMG thanks ZBiddy! I actually got a discount on my iPad, when other people are literally camping outside the store downtown to get one!
Mikey says:
What determines when an auction ends? It seems like the timer is reset back to 10 seconds as people continue to bid, then suddenly the auction is over and the item is SOLD even though people are still bidding, right!? So, at some point, does the auction just end regardless of whether bids are still be entered? Thanks.
John@ZBiddy says:
The timer is reset each time a person bids, therefore, an auction ends when no one else bids. It never ends when people are still bidding. We want everyone to have a fair chance.
Mikey says:
Thanks for the info above. I registered and I'm bidding on an iPad. Hope I win!
John@ZBiddy says:
Congratulations! I hope you win too!
Jack says:

will the items I purchase be unused or brand new? are refurbished or open box items allowed to be sold in the auction? Also, what is the return policy if the item is defective? Can it be returned to the manufacturer or back to the auction site?

John@ZBiddy says:
All of our products are brand new and will not have been opened. If you get a defective item, definitely let us know upon receiving the package and we'll figure out a solution to the issue. You will typically either get a new product in its place, or will get your money back.
Sarah says:
So what do I end up paying for my item? If I win an auction, what do I owe?
John@ZBiddy says:
Winning the auction means that you owe the ending price and shipping of that product. You purchase the right to bid on any auction up front, before you even start the auction process.
Lisa says:
What is the total cost of an item? I still don't understand how the auction works.
John@ZBiddy says:
The total cost of an item = price + shipping. You can look at it this way: Say you are going for a $200 item. You place 20 bids ($12) and the ending auction price is $25. You then have spent $37 for a $200 item, plus whatever the shipping cost. Shipping just varies per product/vendor.
Wendel says:
So, if I bid when the timer says 08 seconds left, and no one else bids before the timer reaches 00, then I win the bid? I mean there is no minimum number of seconds for your bid to be listed before the biding ends?
John@ZBiddy says:
I If you bid and no one else does, then yes, you've won the auction. Everyone has the same/fair chance to bid. So if they all just choose to not bid, then that works in your favor.
Jennifer says:
Is ZBiddy only a live Auction site or can you bid like you would on eBay?
John@ZBiddy says:
ZBiddy is a live auction site. Feel free to check out the Help or New to ZBiddy, sections on their website for a full breakdown of how it works. The bidding process is quite different than that of eBay.

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