New York, NY: DibzOnIt (www.dibzonit.com)
DibzOnIt came on to the online penny auction scene about a month ago and is already becoming one of the most popular Gift Card Auction sites on the web.
Consumers are signing up free, buying bids, bidding on auctions and winning gift cards for less than 2 bucks.
The social aspect of the new DibzOnIt release will enable consumers to tell the world they “Won” big to all of their friends. That's right...Bragging rights!
Gift Card Auctions Online? Tips & Strategy to Win Gift Cards Dirt Cheap.
First things first, you need to educate yourself about the two different types of gift cards available to you as a consumer.
Retail Gift Cards, which are sold by retailers and restaurants, and can be used only with those merchants. Retail gift cards may have expiration dates or a fee for inactivity that sometimes is called a “dormancy fee.”
Bank Gift Cards, which carry the logo of a payment card network like VISA or MasterCard, and can be used at any location accepting cards from that network. There are more likely to be fees for activation, maintenance, or transactions on bank gift cards than on retail gift cards.
There are many different ways to purchase gifts cards today, and more often you find them available in convenience and drug stores. You can also research, purchase and even swap gift cards online via various websites. Most recent we have found auction sites, penny auction sites in specific where consumers are able to bid on gift cards and win them for only a few pennies.
When we first took a glance at how much of a discount users were getting buying gift cards online through penny auction sites, such as one site we came across, DibzOnIt (http://www.dibzonit.com), we were absolutely baffled and shocked. How can it be even possible? Well through our investigating we found that anyone can sign up free, buy bids in advance, which only cost around $0.50 each and place bids any gift card they choose. You have to beat the clock by being the last bidder when it runs out and you win!
Patience is key and you need to decide on and set limits for yourself. Make sure you watch a few auctions first before you decide to bid. Make sure to choose auctions that have smaller worth or value, especially in the beginning. A $25 or $50 Best Buy gift card will not attract as many professional or expert bidders as a $500 AMEX gift card would. Check out the sites payment methods and rule. Also, shipping is something you need to check out as well. When you win a gift card auction you want to make sure that you are not paying high shipping fees.
I am sure there are other sites out there doing the same thing, although so far we have had a very good experience with DibzOnIt and plan to keep using them going forward. I mean how can you pass up a $50 Gift Card for less than 2 bucks? Happy Bidding!
Look for more at http://www.dibzonit.com
