As with a live auction, there might be shills in the crowd bidding at penny auctions. Friends or even staff of the website could join the bidding for the only intent of pushing up rates on the unsuspicious. Still, human bidders aren't the only fly in the ointment since there can also be electronic digital robots with the site program which do exactly the same thing. You can find more possible problems. Penny auctions are easy to start so they may possibly attract the deceitful. Therefore, winning bidders might find them selves deceived by credit card scams right after the transaction, or even products might not be mailed. A few penny auctions accept PayPal, that may be viewed as a good indicator as there are protections for buyers.
The great news is that there are numerous reputable sites for penny auctions. The whole industry should not be tarred because of the behavior of some. However, a buyer’s eagerness to get a great buy has to be tempered with the fact that pitfalls might be numerous. A buyer can Google the name of the site followed by the term “scam”; this may bring a variety of reaction by anyone who has visited that particular penny auction internet site. You will see positive and negative opinions.
Check out the fine print on the website; it must be readily available. Check if the internet site refunds theamounts bid by the losing bidders. Check to see whether the online site will accept PayPal or maybe a similar third party paying entity. It could be best if you stay away from all those penny auctions which accept only a credit card or even an electronic check, simply by being well educated about a site, you may be part of the bidding without that disturbing feeling that you are placing your self up for future difficulties.
Find out more about penny auctions and check out our DealDash review on our penny auction reviews page.
