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Sunday, December 26, 2010

Bid2Free Launches a Unique Penny Auction Site

Below is an article that I found on

Bid2Free launched a first known penny auction website of its kind in the United States this holiday shopping season. starts all items on its auctions at between 90% and 95% off retail prices and allows users to bid until the items reach $0.
“We have had a great response from consumers since we launched the site,” said Jon Ruprecht, an owner of “The iPods and iPads, in particular, have built a lot of interest because members are getting them for a fraction of the price they’d pay in the store.”
Individuals create a secure account, choose a bid bundle and begin participating in auctions. Each time members click on an auction item, they pay to lower the price until it reaches $0 or the timer expires. The person who clicks the bid to zero or is the last to bid before time expires, wins the item. If the item reaches zero, the member receives 1 account credit. Shipping is free.
A patent is pending for the new bidding system. The first seven-day auction filled with the season’s top Christmas gifts ends Sunday.
Since launching, has steadily increased its membership. The company is giving away an iPod nano for every 100 people who sign up and place a bid, an iPod touch when 500 members are reached, and an iPad when membership reaches 1,000.
Bid2Free, headquartered in St. Cloud, was founded on philosophy to not only make shopping easy, but also to give back to the community. The company donates 10 percent of its monthly profits to charity. Learn more at
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