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This is a Sponsored Post written by me on behalf of Bidazzled. All opinions are 100% mine.

We’ve all heard of auction sites like EB.AY. Well there’s a new site in town called Bidazzled.

-Launched in early November, Bidazzled.com is redefining the online auction market by offering savings of up to 90% on name brand merchandise all while funding a charity.

Commonly called Penny Auctions or Pay-Per-Bid auction sites, bids are purchased in advance and then used to bid on merchandise. The price increases a few cents with each bid placed and a few seconds are added to the countdown clock to give others a chance to bid. The auction ends when no other bids are placed. So if a new laptop ends at just a dollar, then you win the laptop for a dollar!

Bidazzled was designed and created to fund a lung cancer charity.
(The Ruch Foundation: www.ruchfoundation.com).

Highlights:
*Auction winners usually save over 80% off retail.
*Nobody Loses:
-If you don’t win, you receive up to 50 Bonus Bids as a thank you for participating, and
-You can purchase the auction item less the investment you had in the auction.
-If you win, Bidazzled typically make an offer to buy the item back for either:
-cash (paypal or check)
- cash and bids
-bids

In their first month, there have been 2 winners of Nintendo Wii’s who have won with just their 5 free bids!

*** EXCLUSIVE OFFER ***
* 15 Additional Bids  if you use this code until January 15th (all they have to do is enter it on the registration page, there is no obligation or cost of any kind):

* Blog: BBP1202A
* Twitter: BTP1202A

Bids cost $1 at Bidazzled and are available for purchase in bid packs as low as $25. You also receive bonus bids when you purchase a bid pack. The highest cost of a bid when you dilute the cost with the bonus bids you receive is only $.67 per bid and often much lower.

Bidazzled has a lucrative Viral Referral program.

If:
*A refers B. A receives 5 Bonus Bids
*B refers C. A receives 4 Bonus Bids
*C refers D. A receives 3 Bonus Bids
*D refers E. A receives 2 Bonus Bids
*E refers F. A receives 1 Bonus Bid.

I’m a member of another site similar to this that is geared towards products for moms. I haven’t shopped at either site… yet. But will most likely be trying it out after the first of the year. Have you shopped at any of  these penny auctions and if so, how do you like them?