(Update Sept. 4th, 2009:-JustLower/OzyAuctions just commented on this post, please read their comment, we’ve modified our skeptical comments and leave the determining up to you, our reader, it was largely an oversight on our part to be critical of minor issues. Our tone leaned on the critical side as we are skeptical of many entertainment shopping – penny auction sites until they are proven, but we do want to give everyone the benefit of the doubt. So with that said-Please read their comment.)
We thought you’d like this Jeff H.
Jeff recently left this comment on a previous post.
“…If one day, a company like Swoopo said ok! we will no longer list our own items on the site, from now on, anyone who wishes to list their own items for sale may do so, you can keep all of the profits you make using the Swoopo bidding method, all you have to do is pay Swoopo a listing and final value fee just like ebay charges, these fees are for use of the site.
I can’t help but wonder how many of those who are AGAINST the penny auction concept would suddenly be listing their own items for sale with the hope of pulling in the same kind of profits they say Swoopo is pulling in on theirs? …”
Yep, that’s right there already are not one but a few online marketplaces ( like ebay.com) utilizing the penny auction/reverse auction style. The three we have found are all based out of Australia. They are Justlower.com.au, Gribbit.com.au and Ozyonline.com.au.
On JustLower.com.au you can buy and sell private vacation homes, cars, businesses and more with a penny/reverse style auction.
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Before an item can be posted JustLower requires sellers to have $10 Au ($8.35 USD) in their accounts. 1 credit equals $1.00au and they offer 11 credits with every $10.00au credited to your account, which would be a 10% bonus on all credits made. They have reduced their $20.00au minimum to $10.00au.
Sell your real estate for free?
 House, property and business sellers can list any one of these items for free on our website.
Buy placing any one of these items for sale on Just Lower Auctions website you would be giving a great opportunity for bidders that can only dream of owning a home for their family a chance at doing just that.
We are offering you this totally free service in the hope to that you will see and use our services with the same dream we have in helping out those less fortunate people that work very hard to make ends meet a chance to own a home.
We will be adding the stamp duty fees in full and offering up to $5000.00au in lawyer fees which will be added to our Admin fee and not taken out of your sale price, with the intention that by the time your house, property or business sells it will be an all cash/cheque transaction for all parties involved.
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Then there’s Gribitt:
On Gribitt Reverse Auctions users can list items for free.
Gribitt is based in Australia but users in the U.S. (and worldwide) can register, buy & sell items.
According to their terms they are not responsible for the items that are being bought & sold only a channel for users.
Any transactions involving the supply of goods and services between registered users of this website are conducted independently of this website. In these terms and conditions, any references to buying or selling goods via this website are references to those transactions that may take place between buyers and sellers directly (without our involvement or intervention) following the conclusion of reverse auctions conducted via this website or otherwise.
There are monthly fees to be a member (2) Buyers (& Sellers) may register as Bronze, Silver or Gold buyers. Registration is non-transferable and the features and fees associated with each level of registration is as specified at our webpage.
(3) Monthly fees are payable in advance and are inclusive of GST.
There are currently no items for sale on Gribitt only want ads.
Finally, there’s Ozy Online Auctions:
It looks like Ozy Online Auctions is owned by JustLower
| Users Online | 1 |
| Total Members | 1018 |
| Total Categories | 727 |
| Total Items | 31 |
Selling items on Ozy is also free and you can bid on Maltese puppies.
Fees;Â
The only fees on Ozy Online Auctions is when listing/posting an item and placing advertising banners which you will need to pay for there and then. Once you have done so you will not be billed for using any other parts or our website.Our Listing fees are as follows;1 — Listing fee = FREE2 — Bold = $0.50au3 — Category Featured = $1.50au4 — Front Page Featured = $2.00au5 — Front Page Gallery featured = $2.50au6 — Highlighted = $0.50au7 — Pictures = the first 3 pics are free and then it’s $0.20au per pic after that. You can have up to 12 picutres in total.You will ahve to cedit your account before starting to post items as these fees will be deducted from that acount. This excludes those sellers that are within the first 200 with 10 or more items listed.For those sellers you will need to e-mail us to inform us of this intention and we will credit your account with $200.00au for you to list your 10 item minimum and when you have done this we will credit your account with the balance to a total of $2000.00au.
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They are on to a good idea.
Discuss eBay style Penny/Reverse Auctions in our forum
Disclaimer: Links to penny auction Web sites are included for the reader’s reference and do not constitute an endorsement or the legitimacy of the online auction websites, or any associated product or service therein. Thank you and, as always, remember to use your own discretion and do some research when bidding on penny auctions.
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Robert September 4, 2009, 10:32 pm
Hello
I am across these posts here and they suprised me so but not suprised on other ways.
You are coerrct we do also own Ozy online Auctions http://www.ozyonline.com.au and also Ozy Auctions http://www.ozyauctions.com.au which is currently being built in many different languages and will be competitive with all the other auctions sites in more was than one. This will be lauched in all the major countries in many different languages. On Online Auctions is an all free auction site to list and sell items was started up as a beginning using a bought script while we are building the real Ozy auctions website and then will transfer all the members to the new website when it’s finished. Oyz auctions will have a completely different aspect to all the other auction sites on the internet today and will also have absaloply no listing or final value fees involved, In fact these features are not even in our design structure. It will offer many different features and will also make listing items for sellers a lot simplier. we are counting on having this out within the next moth or 2 as we are testing it all out as I speak.
But the greatest thing of all is we will be offering something that no other auction site offers, this will be told when we launch the Ozy Auctions.
About Just Lower Auctions http://www.justlower.com.au This webite is completely legit and offers the chances of owning quite expensive items at extremely low prices if you become the Lowest Unique Bid winner.
[quote]We’re not quite sure how legit JustLower is- The site looks a bit sketchy-they sure did skimp on spell check and proofing their content before publishing it. [/quote]
There is nothing sketchy about our website at all as everything is laied out thier for you in black and white with nothing to hide on what we offer and how it works. The only people that think like that are our compition to try and degrade us.
If fact compared to many other Low bid type websites we would be one of the most fairest when it comes to how bidder win.
[quote]Before an item can be posted JustLower requires sellers to have $10 Au ($8.35 USD) in their accounts. I just registered and I do not see the cost of bids on there anywhere, it only says Enter amount to transfer to justlowerBIDS account. You must transfer at least $20.00. We are not saying this site is legit, there are many things left to be desired on all three of these.[/quote]
This would just a matter of reading the terms & conditions and the FAQ section amounst many other places on our website that states what these credits cost. 1 credit equals $1.00au and we offer 11 credits with every $10.00au credited to your account, that’s a 10% bonus on all credits made. we have reduced our $20.00au minimum to $10.00au. The only the that is left to be desired is to see great winners gain a complete life changing experience for those that win any of the major items like the Real Estate propeties on our website.
Unlike some other reverse type auctions site we don’t have any joining fees or weekly membership fees and the only thing you pay for is placing a bid on an item. compared to all the mobile phone auctions of this type (SMS to make offers) who charge you joining fees, weekly membershaip fees, and a fee for every message sent and received. just paying the weekly fee one of these for a year and you could have place around a few hundred bids on our website.
As a whole we are an company dealing in auction sites and although new we have quite a bit to offer not only the sellers buy the general public and community in many ways will gain from our profits being donated to them. But like any new business which is never a great success over night we will sell these items and when these get published on TV nation wide people will see that we are what we say we are.
while I’m here as may as well also mention the fact that we also own a newly started community website called Ozy Adult Club http://www.ozyadultclub.com in line with Myspace and Facebook but also with much more to offer. We have incorperated Video chat, Phone chat, chat rooms, blogs, uploading mp3 music, uploading both videos and smaller video clips, selling of goods and services But no shopping cart as members can email each other to buy and sell, advertising, emailing, photo albums, games, create clubs/group meeting places, and a whole lot more, but our biggest feature will be our ever growing Virtual city which currently has a cafe to chat in and a disco where you can listen to your own music while meeting new people, plus a park to go to for quite chats and thier will be in the future the capability to buy and sell items listed on the website through the virtual City when we finish creating our stores/shops and supermarkets. all this is offered totally free to all members.
Go have a visit and tell your friends about it as there is a lot to keep one busy there for quite a while.
It was great coming across this website/post as it shows us how others judge newcomers in the business world without our knowing about it.
Thank You
Robert September 6, 2009, 2:28 pm
Just a refresher on Ozy Online Auctions http://www.oyzonline.com.au
It is not a pennyauction at all but an auction site just like eBay. The onle difference is sellers can sell thier with any listing fees or Final value Fees.
The only small fee we charge is for listong on the home page and a few of the optional features like using a video to promote your goods. Compared to ebays $50.00 or so for doing this we only charge $2.50au for home page coverage.
Other than that anyone can become a member and sell anything they like for totally free.
This is just one of the many other websites we own and their are many more to come.
cheers
Ebony July 5, 2010, 4:18 pm
Hi,
I have done a bit of looking around into penny auction sites. Bidhere.com has taken a lot of my time & money. I am after a site like bidhere but that is based in Australia & only sells in Australia (to increase my chances of winning.)
Regards
Ebony