Beezid.com is a popular penny auction site that has recently started advertising on TV, making it one of the larger auction sites and, of course, making it one that people have a lot of questions about.
A penny auction site, for those of you that don’t know, is an auction site where each bid you place is limited to one penny. This results in items that cost hundreds or even thousands of dollars being sold for an unbelievably low fraction of the cost.
However, the difference between a penny auction and a standard auction website, is that at a penny auction site you must pay for each bid that you