The name speaks for itself. During a penny auction, every time a bid is placed, the current price of the item goes up by one penny ($0.01).

At Beezid, you'll find auctions that have a variety of special features attributed to them, each unique in its own way. You probably noticed auctions with these icons while you were browsing the site.

Keep an eye out for them, because you won't want to miss some of the following: Price Freeze Auctions, Thrillers, All Bids Back and a whole lot more!

To find out what each icon represents, take a look at the legend below.

A Cherry auction is reserved for users who have not yet had the chance to win an auction are the only auctions that Free bids can be applied to. As soon as you win your first auction, Cherry auctions will no longer be available for you to bid on and will become invisible to you. To find out more about Cherry auctions, check out the video tutorial.
* Please note that coupons for discounts on the final item price or towards the shipping price cannot be redeemed when claiming a Cherry auction.

This auction will keep you on the edge of your seat. During a Thriller auction, you won't be allowed to book any AUTOBEEZIDS. The only way to win is to place one bid at a time and keep watching.

When a trophy auction is finished, the winner of the auction receives all of the bids they placed towards that auction back in their account when the auction is closed.

This auction type guarantees a limited final closing price of an auction. Regardless of the number of bids placed toward an auction, during a price freeze the final auction price will be no more than the advertised percentage limit. For example, if an item's advertised price is $100.00, during an auction with a 75% price freeze, the final closing price will not exceed $25.00.

All Bids Back auctions do exactly what they say on the box cover. Every bid that is placed towards an auction is returned to the bidders when the auction is over, regardless of who wins the auction. All Bids Back auctions are a risk free bidding environment, with auction winners paying only the final auction price upon winning an item.

During Beezid's Free Shipping auctions, no additional fees are charged for shipping.

This auction type is available to users who have already completed their first Bid Pack purchase. The way it works is that any bids placed on this auction are free of charge so your bid balance will never go down. The winner has the right to buy the product for the auction closing price, plus the usual shipping and handling, where applicable. If you have won more than one Bid For Free auction, they must be claimed in order to have the ability to bid on another Bid For Free auction. Remember, once you win a Bid For Free auction, you will have 7 days to claim it before it expires. Please note that AutoBeezids are not allowed for the "Bid For Free" auctions.
* Please note that coupons for discounts on the final item price cannot be redeemed when claiming a Bid for Free auction.

No matter what other lock limits a member has achieved, members can claim one of each of these locks on a daily basis. When 24 hours have expired from the time of the first win, these locks are eligible to be won again.

The Black Lock is the lock that defies lock limits. You can win as many of these auctions as you can with no limits whatsoever placed on the amount of items you win in this category.

When White Lock auctions are available, members are eligible to win one of these in any 24-hour period, regardless of any other current lock restrictions achieved by that member.