This Beezid review will cover the pros and cons and what to expect. Beezid is one of the leaders in a new online trend, that of penny auction sites. These are similar in style to eBay auctions, however they follow a far different overall flow. In this case every bid raises the price one penny, but bids must be purchased in bulk beforehand. While some people have deliberated over this, a smart penny auction goer can earn some incredible deals on everything from electronics to video games to more bids for future auctions on bigger tag items. If this sounds interesting, read on for a Beezid review.