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

Website: Plundr
Sedo
161 First St, 4 Floor
Cambridge, Massachusetts 02142
United States

Domain Registered: June 2006


Auction Type: Penny Auction
PAI Member Rating:

(24 votes, average: 2.50 out of 5)
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Website: TixFrenzy
Lilja-Wagener Enterprises, LLC
220 Forestview dr.
Lake Bluff, Illinois 60044
United States

Domain Registered: June 2010


Auction Type: Penny Auction
PAI Member Rating:

(4 votes, average: 2.00 out of 5)
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TixFrenzy.com is the first penny auction site dedicated to reselling event tickets. Since launching on December 16th, 2010, TixFrenzy has sold airline gift cards, tickets to hockey, basketbowl, UFC, the Blue Man Group and TicketMaster.com gift cards.

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A 5 million dollar class action lawsuit has been launched against Quibids.com by a disgruntled penny auction player. Mr Lawrence Locke of Oregon has retained an Oklahoma based attorney to file suit against the misleading penny auction website Quibids.com.

Mr Locke states that he was misled to the site with promise of getting a great deal on retail electronic items but what he wound up with was just an empty bag. Mr Locke also states that Quibids.com misled him with there fake news advertisements that are spread far and wide across the internet.

These advertisements stated that consumers at Quibids.com had the chance to participate in penny auctions that promised consumers steep discounts to retail market price of traditional brick and mortar stores. Quibids regularly advertises 99% percent off all of there items but Mr Locke states “he was not able to enjoy that or any discount at Quibids.com”. Readers here at Penny Auction Investigator.com are patiently waiting for the final decision of the impending litigation between what Quibids.com promised and what should have been delivered.

$5 Million Dollar Class Action Lawsuit

Winning penny auctions can seem nearly impossible to new bidders. But just like anything else, winning is a skill that can be learned. The top winners at PA sites are usually the most experienced, and while we can’t actually give you experience, we can give you the top 10 tips to gain an edge over other bidders, and gain the experience you need to become a top power bidder.

If the PA site you choose gives you free bids, save them! It’s unlikely you’ll win with only a couple bids, and those free bids can come in handy later when you have more to play with.
Bid when there’s less than a minute left on the auction. Many people bid for items as soon as they see something they want, but this “strategy” almost never works. To win penny auctions, you need to be the last bidder, so wait until the auction is almost over before placing your bids.
Stay away from high-ticket items such as laptops and high definition televisions until you have more experience. More people bid for these items, which means you’ll have more competition bidding against you. Start out with the less valuable items and work your way up.
• Play during the right time. For most penny auction websites, the best time to play is early in the morning. The worst times to play are late afternoon and night, since most people play during these times.
• Set a spending limit on each item before bidding. Once you find an item you want to bid on, determine how many bids you’ll place before giving up and moving on.
• Stick with one item. To use your bids most effectively, don’t spread them out and bid on multiple items. Once you find something you want to win, focus on that one item until you either win, or reach your spending limit for that item.
• Watch how many different people are bidding on the item. Every penny auction shows who’s the latest bidder. When you’re bidding in an auction, keep track of how many different names you see. That will give you an idea of how much competition you’re up against.
• Don’t expect to win by placing only one bid. To win penny auctions, you have to be willing to bid multiple times on the items you want. Always stick to your spending limit, but make sure your limit is reasonable.
• Reserve enough time for bidding. If you enter an auction when you only have 10 minutes to sit at your computer, you’ll probably be wasting your bids. Penny auctions can go on for hours, so make sure you have enough time available before bidding.
• Win and develop your own strategy! Winning at penny auctions takes skills, which come from experience. Start out bidding on smaller items, work your way up, and you’ll develop a personal strategy and have a huge advantage over others.

Good luck!

When you sign up and purchase bids on a penny auction website, you expect to have a fair chance at winning items. You probably assume that everyone else on the site has the same chances as you do to win. But one user of Quibids.com has found out this is not the case.

Apparently QuiBids shows different items for different users. What you see on the main page might not be the same as when you log in. The QuiBids user that found this out posted a video on Youtube to prove this; you can watch the video below.

So why is this QuiBids user being sent to a “trap page”, as he calls it? There are numerous potential reasons for QuiBids doing this. QuiBids could be keeping track of their user patterns, such as wins for example. Once a user reaches a certain amount of wins, they could be sent to a page with more competition and less prizes, which would then save QuiBids more money.

They could also be doing this to balance out the auctions for their users so there’s less competition. If this is the case, it could be viewed as a good thing. But if this is what’s going on, why not tell their customers about this when they register on the site? Looking at Quibids.com, we can’t find an explanation, or even mention of this in their terms & conditions or anywhere else on the site.

Either way you look at it, it’s still unfair. People purchase bids on QuiBids because they like what they see on the main page, and they want a fair chance at winning the items they see. If they log in and are re-directed to a page with fewer products, like the video above shows, then they’re not getting the fair chance they’ve paid for.

So it all comes down to this- If you sign up to bid on a penny auction site, you should be able to bid for the same items as everyone else. If the penny auction site can’t offer the same prizes for everyone, for whatever reason, they should make their customers aware of this and provide an explanation. It’s the bidders that make penny auction sites possible, and we’re sick and tired of sites like QuiBids taking advantage of their customers and giving penny auctions a bad name.

What do you think? We’d love to hear your comments below. And if someone from QuiBids is reading, please help us understand why your site is doing this.

“Tis the season to be jolly“, and apparently in the penny auction industry its a jolly season for penny auction bidding as well. With cold weather reports coming in from all over the county, coupled with above average winter snow predictions for this coming winter, people now more than ever are searching for new and fun ways to pass their time indoors. Since the rise of the personal computer people have always passed their time playing video games such as solitare, but now since the advent of online gaming, internet use has spiked to all time highs.
For the last few years it has become very apparent that internet auctions are a popular past time. Due to the fact that you can get a bargain on great items, Online auctions have become something of a diamond in the rough if you play your bids right. It is no wonder that penny auction sales have increased with the start of cold weather. With the holidays just around the corner, home shopping seems to be gaining ground when it comes to getting what you need without the hassle of waiting in line and fighting through the crowded stores.
Is it snowing outside?, well look into trying online penny auctions as a great way to have fun and do your holiday shopping all at once, from gift cards, HD TV’s, Computers, and so much more for a considerable less amount then you would pay in a retail store. To the smart consumer this should be an opportunity that no one should pass up.
No need to fight traffic and risk driving in the snow and cold weather when you can simply make a hot chocolate and cozy up to the warmth of a fireplace and just point and click.

This winter is already expected to be a bad one this year, with snow flurries predicted in the 2010 farmer’s almanac seen here 2010 Farmer’s Almanac .
It will be a perfect season to stay indoors and try new and entertaining ways to spend your time.
Always be sure to do your homework when it comes to picking the perfect penny auction site. If you have any doubt about which sites are the best you should always check with the websites testimonial page. Doing these simple steps will go a long way in insuring that your online bidding experience goes well. Remember to always spend within your means, and never go into a online auction without first knowing a bit about the site, and it’s software.
With that acknowledged and winter almost here, penny auctions are proving to be a great way to wait out old man winter. Holiday gifts can be easier than ever to collect, if you play your cards right and know which auction exactly to go to.

Do You Know the Warning Signs of Fraud? This question is posed by UPS in one of the company’s latest publications. The reason for the warning is a increase of complaints to UPS by irate customers claiming items they paid for or won were never received. UPS then proceeded to inform consumers of their 8 fraud warning signs, and information on how to not be a victim. Below is a copy of the warning signs of fraud and scams listed by UPS, in effort to curb the dishonestly and deceit.

1-If it sounds too good to be true, it usually is. Always remain aware of how much you are spending on a item. Always be sure that the final price is not more then you would have payed at a local retail store..

2-Puts pressure on potential customers by telling you to act quickly- Is the site stating that they can only do certain deals if you move quickly?

3-Promises extremely high merchandise, for mere pocket change. it should be noted that you cannot always win an item for less than retail.

4-Requires an upfront financial obligation from you. There are some sites that do not and have satisfied customers, meaning their users have won and received items. Do your homework.

5-Buyers want you to to send them the difference and overpay you for an item. This is a common scam which mostly happened on Craigslist not penny auctions, but be careful.

6-Does not give the impression of a legitimate business. Be vigilant of everything and find out if they have a legit business name, address? What are their privacy policies, terms & conditions? Research. Investigate, put their address in Google, map it out. Go to the Secretary of State’s office website in the state the site is said to be located in and look to see if they’re even a registered company. Check their Alexa ranking, if the number is large that means their traffic is pretty low and you see a lot of bidders and winners they may not be a totally honest site.

7-Guarantees success. Are they guaranteeing you will win? because no person is guaranteed to be the winner, and if so they can not call themselves a fair site.

8-Something just doesn’t feel right. Go with your gut instinct when it comes to spending your money. It will usually lead you to the right decision.

If you believe that you’ve been a victim of fraud or just want to find out more about your consumer rights, visit ftc.gov or call the FTC’s (Federal Trade Commission – the nation’s consumer protection agency), toll-free number 1-800-FTC-HELP

We have recently noticed that most penny auction web sites have instituted chat features and Facebook Connect these days. We think this creates a problem, as evidenced by what we saw on our forum. Penny auction members can take advantage of private messaging functions and e-mail to cheat and coordinate with each other on the penny auctions. Everyday penny auction sites are adding chat functions & connecting to Facebook, Myspace, and users’ full names and details are being displayed. We have informed these sites that this is not the wisest of choices. A report of ex-forum members conspiring were even made evident in a popular chat room. Some penny auction bidders have been found creating Facebook profiles with their auction names. Many users are continuing to complain that they’re receiving suspicious e-mails and/or invitations to collude on popular sites by way of Facebook. Below are just some of the forum user’s copied messages from random people trying to collaborate on a daily basis.

“Alright, I think you’re a pretty fast bidder, but i’m tired of battling you on this site and losing my bids – as I am sure you don’t like losing bids as well. Can we make a deal? When I see you trying to win something I won’t challenge you; and you do the same for me. What d’ya say?”-anonymous bidder

“I have been going back and forth all day with you, why don’t we chat to find out if we can help each other win. Would you want to?”-anonymous bidder

With these incidents becoming more transparent and complaints more frequent, many penny auction site will be monitoring their users activity more closely. Any sign of teaming up or coordinating in auctions is strictly prohibited, and will always result in a member ban.

A ground breaking investigation questioning the credibility of the BBB was just brought to light on November 12th on ABC’s 20/20, click the following link to watch the segment: Better Business Bureau Probe.

The investigation and report clearly shows how the LA BBB allegedly gave a racist group an A+ rating, and a fake group labeled “Hamas” an A-. The Boston BBB even gave an F rating to the Ritz Carlton which happened to have only 2 complaints. The report alleges that the BBB takes illegal payments to raise ratings and is more concerned about making money than ensuring business credibility. After many complaints this investigation brought stunning evidence of how the BBB manipulates business’s credibility rating for financial gain. Just because the members are accredited does not always mean that they have been audited or pay taxes. It certainly calls for more public awareness when it comes to dealing with dishonest business’s and websites.

Website: www.PonGow.com
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States

Domain Registered: January 2010


Auction Type: Penny Auction
PAI Member Rating:

(27 votes, average: 2.37 out of 5)
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PonGow.com is a new penny auction that features reserve auctions and a host of other features — all in an attempt to make penny auctions fairer and more transparent to bidders. PonGow’s owners apparently want to legitimize the heavily-criticized penny auction model by introducing more expensive items to bidders, whilst providing them with a fair shot at winning auctions.

After studying the business model for more than half a year, PonGow’s owners have refined and streamlined the concept, presenting in a way that’s never been seen before.

Unlike other reserved-based penny auctions, PonGow.com rewards early bidders or those who place bids before the auction reaches its “PonGow Price,” with twice the number of bids they used below the auction’s reserve price, regardless of whether or not they won the auction.

For a new penny auction, PonGow offers a variety of impressive items. For women, the site carries handbags, shoes, jewelry and other luxury goods; for men, the site has electronics and luxury watches; last but not least is the children’s selection, made up of kids’ items and furniture.

PonGow has deigned their business model in such a way that 3 people win the auction when it ends. First you have the last bidder who gets to purchase the item for its auction ending price. Then you the 2 runners-up, who get to receive the equivalent of 10% and 5% of the auctioned item’s MSRP in bids.