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As I’m sure you’ve noticed, a new phenomenon is developing in Europe and North America: the clearance penny auction websites. Everywhere on the web, in blogs, you can read stories about happy winners who won amazing products, usually quite expensive, for a pittance. But we were not 100% convinced and that’s why we decided to test them - to make sure the great deals offered by these websites were really real. And what better way than to test it yourself?

I wanted to buy a new Apple iPad 3, so it was me who was in charge of the test.
I started to do lots of research to see which auction website was the most reliable, and therefore, the most appropriate for my test. After hours of research, I came to the conclusion that, thanks to its wide range of products and its great reputation, MadBid was the website to test. Usually, on these sites, you need to buy credits to bid on auctions against other users online, and if you win, you’ll enjoy a huge discount on the product price. MadBid was offering a limited bonus at that time: 100% extra free credits, on your first credit purchase. This was ideal for me, so I bought the credits required to fully test the website. I think the aim of that offer was to gain brand knowledge and prove to people that they could save a huge amount on their auctions.

But how does MadBid can offer such good deals?
The items on MadBid come from closing stores, clearance auctions and bankruptcies. It’s because they get their products so cheap that they are able to offer such low prices compared to the usual selling price.

What can we buy in the auctions?
I saw everything. Cars, mobile phones, computers, laptops, TVs, cameras, and basically everything you might be looking for.

Testing MadBid

After a simple registration process, I got my bonus credits from MadBid and could start bidding and try to win products on auctions. Before registering, I was not sure how the site worked, but everything became clear once my account was created.

I started with an auction on an item I really wanted - a Samsung LED TV 50". To my surprise, I won it, after a quite short auction! I paid only €57.90 for an HD TV that's worth more like €779.

To make sure it was not just a fluke, I decided to try on another product, and once again, I was surprised to see that I won! And this time, the savings were even greater! I ended up paying €140 for a MacBook Pro that costs €1,500. Quite impressive! There is absolutely no doubt for me, no ordinary retailer can offer such great deals!

Then delivery – after winning and paying for the products, I received them just a few days later. I did not have to wait for a long time to get my purchases as I thought I might have to - it was simply amazing.

In the end, I’m MORE than satisfied with my experience.

Detailed instructions on how to use MadBid
Now that you’re aware of the potential savings that you can get on MadBid, you're probably asking yourself how the website works. No worries, we’re going to explain. Here are some detailed instructions that can help you get started:

First step: Create an account on MadBid - click on our exclusive link to get 100% extra free credits on your first credit purchase!

The offer expires: - Code : starter24

Second Step: Look for a product you like and start bidding.

Third step: If you win the auction, you will be redirected to the checkout where you can pay for your item with a huge discount!
In conclusion
In the end, I had a great and very positive experience on MadBid. I've always thought that saving up to 95% compared to retail prices was impossible, but now,I know there’s a way.

It’s as simple as that!

P.S. MadBid has agreed to extend their promotion for our readers. Take advantage while you can!

Readers' comments
Try Wavee

Consumer Review has recently tested MadBid and the results are ridiculous!

MadBid has exceeded all our expectations of the possible savings thanks to their offers. Every day, people save up to 95% vs retail prices - it’s amazing!

First step: Create an account on MadBid - click on our exclusive link to get 100% extra free credits on your first credit purchase!

This offer expires:
Code : starter24


Second Step: Look for a product you like and start bidding.

Third step: If you win the auction, you will be redirected to the checkout where you can pay for your item with a huge discount!


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Marie
3:25
I’ve been using these auction websites for a while now - I like the concept a lot. I don’t make big purchases but I buy a lot of gift certificate. Lately, I paid only €100 for a voucher worth €1,000. I’m prepared for any birthday and other parties for a while now, and I saved a lot of money!
Peter
3:27
I saw something about MadBid on TV, and I just read this article. I can’t wait to get started. I just moved into a new flat and I have no TV and no stereo. I think I’m gonna use this site and make some savings!
Kate
3:33
I have 3 kids and my budget is quite tight. Thanks to these auctions, I can buy great presents for my kids this year, and save a lot on them. Without these sites, I could not afford to buy such great presents for the kids. They’re happy and that makes me happy!
Karen
4:12
I just got married and I really don’t have the budget to furnish the house because we spent everything for the wedding and the honeymoon. I thought of penny auctions for a few things we need but I didn’t how it worked and if it was really trustworthy. Thanks for these explanations and making things so clear for me.
Laura
4:56
I’ve wanted to try this out for a while now. I just registered, got my bonus credits and started bidding on a product. I can’t wait to see if I win. It’s fun!
Nadia
6:54
Are the products new? Are there any second hand products? What happen if a product doesn’t work? Can they change it?
Steve
9:11
I’ve got a friend who told me that she saved a lot of money on this site, but I could not believe her. She showed me your article and some of the products she won. I still can’t believe it so I’m gonna try!
Kelly
10:01
So in the end, what do I pay for a product? If I win an auction, what do I have to pay?
Mart
10:01
I love this site!!! I won a MacBook and an iPod for less than 200 bucks!! Thanks for your help Clair
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