Penny Auction REVIEWS – Which Penny Auctions are the BEST Bargains?

After being caught red handed for posting fake reviews promoting For10cents, the up and coming penny auction site has made it a point to clean up its act.

Co-founder of For10cents, Thomas Zambrzycki, has gone on record stating that the For10cents employees responsible for the bogus reviews have been let go. Though other scheming penny auction sites normally cut and run after being caught with their hand in the cookie jar, Thomas Zambrzycki was good enough to sit down for an interview to talk about the future of For10cents and its plan to bring the best penny auction services to its bidders.

To prove For10cents commitment to rid itself of shady business practices, the penny auction site has recently been accredited by the Better Business Bureau. Zambrzycki believes that their A-rating from the BBB will go a long way in proving that For10cents has their bidders best interests at heart.
In the interview, Zambrzycki stated how he and his partners were thrilled with the idea of penny auction sites back when they first discovered it in 2006. By July 2009, For10cents began operations and swiftly made a name for itself as one of the most visited penny auction sites on the web.

For10cents prides itself with two defining factors that differentiate it from the rest of the penny auction pack. Other than For10cents’ reputation for auctioning off only high quality, novelty goods, it offers the lowest priced bids in the industry. With bids that can go as low as 10 cents per, it’s no mystery where For10cents gets its name. For10cents continues to work towards becoming the penny auction site that offers the most value, and the most affordable entertainment products to its bidders.

With For10cents going out of its way to set its record straight, it looks like we can expect great things from the penny auction site, now and in the future.

(7 votes, average: 2.71 out of 5)
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It seems as though interest for10cents.com has recently spiked, this could be due to a new advertising campaign or high customer retention due to alot winning by members, but as the saying gos what gos up must come down. The difference between this chart and the chart of other penny auctions we have seen is the sharp downward turn caused by members flocking away from the site, time will tell if members are truly happy at for10cents.com and if this truly is a good resource for penny auction bidders to get great deals

Update 4/26/10:
For10cents.com is part of the handful of websites that enjoy heavy user traffic. This is a good thing for the site, but not so much for the average bidder. If there’s one consistent complaint about for10cents.com, it’s that winning is hard. Whether the site is a haven for power bidders or one that pits bots against you is unknown (for now that is), but one thing’s for sure, the competition, real or not, is relentless.

The site however, does have some perks. Bids are cheap—the cheapest we’ve seen so far—and come in Bid Packs priced at $15 for 100 bids, $70 for 500 bids, $130 for 1000 bids, $550 for 5000 bids, and $1000 for 10,000 bids. But as many bidders have found out, it seems that for10cents.com knew beforehand that you would be using more bids in order to win their items.

Speaking of items, for10cents.com’s offerings don’t disappoint. The site has a wide array of auctioned items, ranging from the usual HDTVs, notebooks, gaming consoles, to more hard-to-find products such as luxury fashion items, watches, and many more.

If you do get lucky (and that’s a big if) and somehow win an auction, you’ll then have to deal with for10cents.com’s terrible shipping record. Numerous complaints from winning bidders circulate the web about the site, with one saying that he still hasn’t received an item he won after close to a month and a half.

Now if you’re new to online penny auctions, we’ll be blunt, look for an “easier” and more popular site than for10cents.com. If you think you’ve learned enough and know the tricks of the trade, then by all means, try this penny auction out.