Stay away from penny auction websites!

TheOrcKing · 2013-02-24T10:01:55.000Z

You may have seen on TV or sometimes when you're surfing the web, ads for sites like QuiBids.com or Beezid.com. If not, then put simply these penny auction sites promote themselves as giving people the ability to bid on a brand new item straight from the manufacturer's warehouse and in the end the winner pays insanely little for said item, like say getting an iPad for $24. When that is very VERY far from the truth. The way how these sites work is every time you click on the bid button for an item, you bid one cent. There is no way to change your bid amount at all, this is set in stone. And for every penny you bid with, they charge 60 cents up to a dollar to your credit card whether you win or not! So that supposed $24 iPad in reality cost you $1,440-$2,400! (Assuming you even 'won' it.) And an new iPad costs like, what, $500? At least with eBay, the seller and buyer are two different parties, and the auction is monitored by the website. With these penny auction websites; however, there is no third party . They are both the seller and the auctioneer. Plus, they are not an approved retailer for anything! Which means any item you receive from them, the warranty is null & void. That is assuming you even do get the item at all. I've read pages of complaints of never receiving the item, and if they do there is something wrong with it or it's broken or doesn't work or not even the item they bid on in the first place! Oh yeah, and not to mention the sites 'bots' that always outbid you on everything. Soon as you bid, somehow there always is the same three or four bidders on everything that always outbid you. If you're like me, you too probably thought these kind of sites were bulls***. But before I did this rant of mine, I needed to research and find out just how high they stacked the s*** up. Pretty DAMN high it seems. Honestly, you'd have a better chance playing & winning the slots than ever get a deal from a penny auction website.