What is Orangebidz you ask?
If you’re looking for a smaller, less competitive online penny auction website, then Orangebidz is the place to look.
Not sure whether or not you should use this website? Well, we’ve got you covered.
In this review we will talk about what you can expect from this website, how it works, and whether or not we think it’s a good way to earn or save money.
What is Orangebidz?
Now the main thing that is unique about Orangebidz is that it tends to be less competitive.
The reason is because there is simply less people using this website.
It’s less popular.
We’ve talked quite a bit about penny auction websites in our previous articles.
If you haven’t read those reviews, then here’s a quick run down:
Penny auctions like Orangebidz are venues for shopping online.
The main things that sets them apart from eBay and other traditional auctioning websites is that they’re fast paced and you have to buy bids.
You have to buy bids in order to participate in an auction for an item.
The trade off is that these items are marketed to be way cheaper than their recommended retail prices (RRP).
Of course, the price could possibly become more expensive than the retail price if people constantly bid for it.
Let me explain.
How Bidding Works On Orangebidz:
The way auctions work in this website is that all auctions start off at zero bids or $0.00.
Remember, one bid is called one penny but of course these “pennies” do not cost just one real-life penny.
In fact, one Orangebidz “penny” almost costs one dollar.
An Orangebidz “penny” costs $0.75 to be exact.
However, there are sometimes special deals where you can get bid “pennies” for a cheaper price.
There are even auctions where you can bid for “pennies”.
Fast Paced Auctions:
Back on subject, every time you place a bid or “penny” for an auctioned item, then a timer resets.
The time will reset for a maximum of twenty-five seconds. When the timer runs out, whoever was the last bidder wins.
Larger penny auction websites like Quibids sometimes ask for more than one bid “penny” for some of their items.
However, it seems that every auction on Orangebidz only requires one “penny” to bid.
Winning An Auction:
When an auction ends, whoever wins gets to buy the auctioned item for a discounted price.
They claim that once you win an auction for an item, you will be able to buy the item with a 60% to 98% discount!
Here’s a picture from Orangebidz official website.
Can You Buy It Now?
There is an alternative option to buying an item from an auction.
Supposedly, if you lose a bid or decide to pull out, then you can buy the item you were bidding on for its full RRP.
In other words, you won’t be able to buy the item for it’s discounted price any more.
But the good news is that you will be able to save any of the bid “pennies” that you’ve lost in your auction.
At least that’s what they claim you can do.
The Pros of Orangebidz:
Orangebidz has a few things going for it.
For one, unlike most other penny auction websites, Orangebidz gives you a few free bids to you when you first sign up.
This makes it easier for newbies to get into an auction, which I thought was pretty neat.
Some penny auction websites force you to buy a pack of bid coins (pennies) right off the bat, which can turn off potentially interested users.
Another pro to using Orangebidz is its free shipping feature.
They claim that you get completely free shipping for all the items that you win or buy.
Note however that they only ship to areas in the United States.
Buying Stuff Online is Great: But Making Income Online is Much Better:
The Cons of Orangebidz:
Apparently there’s a thing where power bidders basically outbid everyone else in the community.
They can do that because the community in Orangebidz is kind of small.
These are of course just rumors.
Bids or “pennies” also cost a little bit more than other penny auction websites. This is also probably due to the website having less traffic.
Orangebidz is not officially accredited by the BBB.
That does not mean the website is a scam, it just means it doesn’t have many regulations that we know of.
Is Orangebidz A Scam?
There were a few penny auction websites that used bots or shills to unnaturally inflate the price of auctions.
In other words, when someone placed a bid on an auction, the bot would constantly out bid him until the user gave up or until the price of the item was very high.
In fact, the Federal Trade Commission has an article about common frauds related to online penny auctions. You can find that article here Online Penny Auctions – FTC.
Now I am not saying Orangebidz is a scam.
We are just saying that you will want to be careful when using penny auction sites in general.
Conclusion on Orangebidz:
All in all, using Orangebidz can be a cool way to shop online.
They have a nice variety of things to bid for, so it could be fun to check out their website.
That being said, the way the system is set up makes the penny auction websites feel a bit like a lottery.
So you’re going have to be willing to take some risks.
Since it is kind of inconsistent, we don’t recommend using Orangebidz to make money online. Although shopping on it could be fun.
What do we recommend to make a steady income online?
Well, what we love is affiliate marketing.
Why’s that? If done right, it can make you consistent daily income, even a passive, long term revenue source.
Personally, that’s always a great end goal.
Thanks for taking the time to read this what is Orangebidz review, leave a comment if you have any questions.