Let’s open this up for discussion- Are there steps that penny auction bidders can take when a penny auction site goes south?
- The FTC
- The FBI’s IC3
- Your credit card company
- PayPal or similar payment processor
- Attorney General’s offices
- Secretary of State offices
- The BBB
- PennyAuctionWatch 🙂
- RipOffReport
- ComplaintsBoard
Though some of these groups have been silent on penny auctions, as of yet, you may want to help us raise awareness by filing complaints and telling others about your experiences.
- Refund your money
- Ship your items out to you?
Personal experience: Being as I’ve been bidding and watching penny auctions for over a year now, I’ve seen the good, the bad and the ugly. I’ve filed complaints with police departments, the IC3, the FTC, PayPal, the BBB and other agencies. I still have not been able to reclaim hundreds of dollars that were spent on items that I had won on penny auction sites that at one time seemed to be “legit,” and other users on PAW had even received items from these sites. In one situation PayPal agreed with me and told me they would refund my money, but the problem was they were not able to because the penny auction site in question’s (tidbidz.com) PayPal account was empty.
Photo Credits: http://www.flickr.com/photos/myeye/ / CC BY-NC-ND 2.0
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