MONTREAL, March 5, 2014 /PRNewswire/ — After operating for nearly five years and with a tumultuous last 12 months, embattled penny auction website BidCactus has closed its doors for good, leaving a majority of its members with unreceived auction wins, and hundreds more with bids they purchased and can no longer use.
In a generous move, penny auction leader Beezid has extended a helping hand to BidCactus, allowing members to transfer their accounts to Beezid for free, where they will be able to use any remaining bids that they purchased or otherwise acquired on BidCactus.
"BidCactus members paid for these bids, and losing them puts the entire penny auction industry in a bad light," said Beezid CEO Max Bohbot. "There are times when, even as competitors, we must come together and see the bigger picture," he continued. "So we'll honor every single bid, the same way we would if they had purchased them right here at Beezid."
The transfer process is instantaneous; BidCactus members have only to log onto Beezid using their BidCactus account. Any bids remaining in the account will be available immediately.
By looking out for BidCactus members and their bids, Beezid continues to secure its reputation in the industry by putting bidders first and making sure their needs are always the number-one priority.
"We would gladly extend the same offer to any other site experiencing difficulties where the bidders are at risk. Previously, BidBlink and SkoreIt! members were relieved to know that we were there to help, and we will continue to do everything in our power for the good of the industry," Bohbot concluded.
More details on how to initiate the account transfer can be found on a dedicated page on Beezid.
About Beezid:
Since its launch in 2009, Beezid has become the leading source for top-quality merchandise at up to 99% off the retail price. Users take advantage of huge discounts on brand new, brand name products by forming bidding strategies in a fun and secure online environment, and turn these discounts to profits by selling their wins in the Beezid Store. There has never been a better time to join! http://www.beezid.com
Contact:
John Pollard
514 939-3943, ext. 121