Everyone Wins On The Auction Site YouNeverLose.Com

Now there’s an auction website where everyone wins. 

YouNeverLose.com provides an incentive to people who want to get major discounts at some of their favourite retailers without fearing losing something in the process.

Here’s how it works:

1. Purchase rewards points in $25 dollar increments. Each dollar = one point.

2. Choose from a list of gift cards and use your rewards points as bids.

3. If you win, you can score a $25 card for a super low price (in P. Mungi’s case below: $1.77).

4. But if you lose, you can redeem the $25 you spent on bids for a gift card to any retailer of your choice.

As of today, here’s what’s on offer:

auction, bid, bidding

You Never Lose

Though gift cards may not be the hottest item on the market right now, popular participating retailers like Amazon, Mastercard and ExxonMobil (think of the money you could save on gas!) make the process more appealing.

Still not a fan of gift cards? As we’ve reported, sites like CouponSherpa can help you redeem the ones you have lying around for cash.

Don’t Miss: 13 Things You Can Stop Wasting Money On >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.