Next week, penny auction ShareTheSpoils.com, is launching a new series of daily auctions. Up to FIVE AUCTIONS A DAY with auction ranging from $50-$250 items!

We are excited, and we know you will be too. Here's the schedule (all times CST):

Monday 12/19/11

Five $50 auctions at 9am - Noon - 3pm - 6pm - 9pm

Tuesday 12/20/11

Two $150 auctions at 3pm & 6pm

Wednesday 12/21/11

Three $100 auctions at Noon - 3pm - 6pm

Thursday 12/22/11

One big $250 auction at 6pm

Friday 12/23/11

Five $50 auctions at 9am - Noon - 3pm - 6pm - 9pm

ShareTheSpoils will also post these times on the site as well. We know this will get you into the spirit! WIN LIMITS are still 4 per 7 day period.

Lots of auctions to be won. Big and bigger! Seriously. This is the week you've been waiting for from ShareTheSpoils.

Spread the word! Tell your friends! The more bidders, the more fun! But, you already know that...

ShareTheSpoils.com is a trusted penny auction site, verified and vetted by the PennyBurners Team. Simeon Schnapper and his team have put an interesting twist on the penny auction model, where instead of one winner per auction, there are three at ShareTheSpoils! To read or leave feedback and reviews for ShareTheSpoils, please visit the PennyBurners Penny Auction Forum. To read past news about ShareTheSpoils, please visit their Penny Auction Directory.

After much anticipation, PennyBurners is proud to announce on behalf of penny auction, ShareTheSpoils.com, that they are back in action!

Their first auction is schedule to end on Monday, December 5th, at 8pm. The winning bidder gets their choice of an Apple iPod Shuffle or a $50 gift card from Amazon, Home Depot, Starbucks, or Target. Then, the winning bidder and the two runners-up split the "bid pot" three ways! Curious about this innovative twist on the penny auction model? Click to learn more about ShareTheSpoils.

For seasoned ShareTheSpoils fans, there are a few site changes: ShareTheSpoils NO LONGER accept PayPal for bid pack purchases. [See: Penny Auctions Say "Good Riddance" To PayPal] However, they do proudly accept Visa, MasterCard and Discover.

For Payouts, they will have several options: PayPal, AlertPay and Chase QuickPay. Their default payout method will be PayPal, but as always, you choose. Payouts will now occur once a week, on Monday's. The Monday Payouts will include all winnings from Thursday to Wednesday for the week and half prior.

For example, all of your winnings from between Thursday, December 8th, to Wednesday, December 14th, will be paid out on Monday, December 19th. So, if your last win is on a Wednesday, you'll be paid the next Monday (5 days later). If your last win is on a Thursday, you will  be paid out the following Monday (11 days later).

Why will ShareTheSpoils not pay in seconds like they used to? Well, because their new processor just takes a lot longer to credit their accounts. Simeon Schnapper and his team expect over time to be able to drastically reduce the turn around time for payouts; however, we believe a max turnaround of 11 days is still very good.

Simeon states, "We will be keeping a running total of what is owed to you. At any point you'll be able to convert them into bids. Just let us know."

Right now, their mechanism for tracking various players "BANKS" will be manual, but they are developing a component for the site that will make this automatic, transparent, and always available for you to see and track.

Simeon also notes that they have changed the timer to a 15 second timer. They have also upgraded their servers and software. Bidders can now see their bids total change LIVE and will not require a refresh.

ShareTheSpoils is going to start up slow. One auction a day for a few days, and then they'll be back to 3 auctions per day, and then eventually 5 per day.

The PennyBurners team is absolutely thrilled to see ShareTheSpoils up and running again, and we wish Simeon and his team the very best as they continue to grow and succeed in the penny auction industry. To leave and read reviews and feedback for ShareTheSpoils, please visit the penny auction directory listing in the PennyBurners Penny Auction Forum.

Those who have been involved in the industry for any period of time know that PayPal has been the bane of almost every penny auction site owner. While they offer great protection to consumers, their track record with penny auction sites is not so stellar. The bottom line is, your PayPal account can be frozen at any time, without advance notice, leaving you without your money for months (if not forever), and there isn't much you can do about it. If PayPal even wonders for a second about the validity of a transaction or business, they can and will freeze the associated PayPal account immediately, and take all of the money out. They can even pull money directly out of the account owner's personal bank account, oftentimes without even a phone call or e-mai!

Sounds like a nightmare, right? This happens to penny auction site owners on a weekly basis.

In fact, just a few days ago, the Paypal accounts for ShareTheSpoils.com were frozen. PayPal has been cracking down hard on the penny auction industry, and apparently it was their turn.

Fortunately, ShareTheSpoils has been working to get away from PayPal for several weeks now. So, while having their accounts closed is temporarily inconvenient and annoying, it was in the end, a good omen. It's where they were heading anyway.

According to Simeon Schnapper of ShareTheSpoils, they had even started receiving emails from some of their users, complaining about PayPal's fees. Basically they are costing the bidders money every time ShareTheSpoils sent their winnings.

So, what has ShareTheSpoils done to combat this problem and protect their bidders?

Bid Pack Purchases - They are moving to a standard credit card system. They have been filling out the proper paperwork for a couple weeks now, and will hopefully have that running in days.

Payouts - While there are other services like PayPal (AlertPay for instance), the solution they feel most comfortable with is using Chase QuickPay. Here's why:

First - It's Chase. 100% perfectly reputable.
Second - NO FEES. It won't cost you a penny when ShareTheSppils pays your winnings.
Third - It's super easy for everyone.
Fourth - It's not PayPal!

Please be aware that the first time they send you money, if you don't have a Chase account, it takes about 5-7 minutes to set up. But once set up, it's quick and easy. These money transfers take 1 day (or less) for Chase account holders and 2-3 business days for non-Chase accounts.

ShareTheSpoils will continue to contact you instantly after auctions, and will respond to emails in the same lightening fast manner.

However, now, instead of getting an email from PayPal saying that they sent you money, you will get an email from Chase saying that they sent you money. Yes, it's true you don't get the instant gratification of seeing that money in your PayPal account immediately, but, you'll still get the payment notice from ShareTheSpoils (and Chase) as quickly as they've always done it. And you can rest assured that they money left their accounts immediately and is literally on route to you.

So there you have it! ShareTheSpoils says "Good riddance!" to PayPal.

For those site owners who are experiencing similar problems, or if you want to be pro-active in ensuring this doesn't happen to you, please contact the PennyBurners Team for new, safer alternatives to PayPal.

*Image taken with credit from ILD Payment Solutions Blog

ShareTheSpoils has been open for just over two months , and to the delight of the penny auction community, they are progressing very well. They started out slowly, and over time, have revised and refined their concept to answer customer demand. For example, just this evening, ShareTheSpoils sent the following news alert to their members:

1. We have heard you loud and clear and we will be launching multiple
auctions a day starting this Friday MORNING, August 5th, 2011. We are
starting with enough to ensure you are receiving the recommended dose of
penny auction nutrition to sustain you throughout your hectic day and well
into the evening. Consider it our version of 3 SQUARES A DAY!

2. Win Limits are still in effect and because you now have the option of
winning during breakfast, lunch, and dinner we are also extending win limits
to 6 per week (of a total of 21 scheduled auctions). The "win limits"
pertain to the top winning bidder only not the 2nd and 3rd bidder. So if you
continue to Share the Spoils as the 2nd and 3rd bidders, you will never hit
our win limits.

#3 Discounted bid packs are available for a limited time only. Get 150 bids
for $100. Holy savings Batman!


Please don't hesitate to provide us any feedback as it is exactly your
emails, reviews, and questions that have afforded us the opportunity to grow
and provide the best penny auction experience we can imagine.

Going once, going twice,

The STS Team

ShareTheSpoils Team is also offering a "reward" to each user that leaves an honest review of their site on the various penny auction forums and social media sites, including the PennyBurners Penny Auction Forum. If you leave a review for them, please be sure to let them know so they can track it and reward you accordingly! ShareTheSpoils is a PennyBurners Verified Penny Auction Site, dedicated to honesty, transparency, and fairness in all things. Bid with confidence!

To leave a review for ShareTheSpoils on the PennyBurners Penny Auction Forum, please sign in by clicking the orange Sign In button to the top right of your screen. Registration is easy, and you can use any number of social media accounts to sign in!

Tonight, at 8:00 pm, CST, PennyTalkRadio has the honor of interviewing Simeon Schnapper and Jason Cohen, founders of ShareTheSpoils.com. Simeon and Jason would love to take calls and questions from listeners! Just call 888-229-7865, or join the Live Chat in the PennyBurners Penny Auction Forum.

ShareTheSpoils opened just over a month ago, and while bidders were initially slow to realize the genius of the site's concept, it eventually caught on, and is still rising in popularity. One BIG difference between ShareTheSpoils' format and traditional penny auctions: there are three winners instead of one! When the auction ends, 50% of the total pot (minus the purchase price of the item) is equally distributed to the last 3 bidders (which includes the top, winning bidder).

ShareTheSpoils used to utilize reserves, BUT no longer utilizes them, making them the only traditional penny auction site where the last 3 bidders of each auction Share The Spoils!

Recent auctions have ended with the last three bidders taking home up to $258 each! Upcoming auctions include hot prizes, such as a Macbook Air, an iPad 2, and a Leica S1 camera.

ShareTheSpoils is a Verified Penny Auction Site, which means they are a trusted and legitimate penny auction site, running fair auctions with stellar customer service and quick shipping. They have received rave reviews in the PennyBurners Penny Auction Forum and have also been PennyAuctionList Approved. Your financial and time investment is well-spent with ShareTheSpoils!