In the world of penny auctions, a ton of different features have developed between the competing companies. One of the biggest differences that bidders look for before deciding where to bid is what features or types of auctions are available. Below you can compare penny auction sites by what type of features they have. In a nutshell, buy it now auctions allow you to apply any money you spent on bids in an auction towards purchasing the item after the auction closes assuming you did not win the auction.
That depends on you and your goals. Of course, paying a little money for a chance at a big prize sounds like gambling, but supporters of the concept say that additional elements they've added differentiate the format from what might otherwise be called an illegal lottery. Some observers aren't so sure. Meanwhile, a class-action lawsuit filed late last year against one of the bigger sites, Quibids.
Facebook pages and advertisements all around the Internet sing the praises of auction sites. But it's not hard to find criticism either. Some participants say they got carried away and spent more than they should have to win. Something to show for my ignorance and money was better than nothing. But others claim more nefarious things are going on at some auction sites. Carter Jaynes says he won a Walmart gift card at a penny auction site but it was never delivered.
He also believes the site he used employed shill bidders -- fake users who place bids simply to drive up the price -- a common complaint among users. In fact, software packages used by some of the smaller auction sites even brag about offering shill bidding as an option.
According to the Web site PennyAuctionWatch, one software maker brags about the power of such "scripts. Price too low? Use the auto-extend feature. Not enough bidders? Use the auto-bidding feature. Disclaimer: This review was written by [ Beezid is a Canada-based mid-sized penny auction website which has become one of the better known in the USA.
After purchasing Skoreit. Penny Auction Reviews. BidCasters Review. Bidwasatch — A New Penny Auction Website It's been a while since we came upon a new penny auction website so it's our pleasure to announce the new kid on the block, Bidwasatch!
Primabids Review. Primabids Review Primabids. MadBid Reviews. Wellbid Review. Great deals…for the winners. The bidding starts at a penny. Every penny increment after that cost someone 60 cents. The golf clubs? The iPad? Sure, the individual who wins is getting a great deal. But is this really how we want to conduct commerce? There are several issues with this approach:. After all, the bidder goes in with full knowledge of the risks of their bid.
Well, not so fast there.
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