Is a Legit Penny Auction? – Looking to Hear from Users!

Have you tried new penny auction site For a month new penny auction site a recent Sony Vaio auction received 11,413 bids; an iPad 15,731; a Kitchenaid mixer, 17,311! These are astronomical numbers for a brand new penny auction and it’s even rare to see established penny auctions receive this many bids, it is of our opinion that users may need to err on the side of caution on this one.

Jumbocloseouts penny auction

Who is Behind

We’re not sure, the whois information shows private and the domain was purchased just on July 6th. whois

JumboCloseouts looks similar to another questionable penny auction site,, note the “call to action” marketing technique being used on their registration page, “Due to high demand, we are only accepting new members in limited numbers. To ensure your bidding spot, please join now.” JumboCloseouts, are you really limiting users?


On the bottom of the page they want us to gain “peace of mind,” confidence, yet it seems they want users to join in haste.


Then, on the next page, they show us photos of people holding up desirable electronics and state that thousands of their members are saving over 90% on their “closeout” auctions. They even go as far as to say that they are “#1 penny auctions deals on the Net!”

JumboCloseouts - Penny Auction

Make sure you see the text on the left-hand side, this is a page where they request your credit card information and a $150 non-refundable bid fee. Sound familiar? Then, scroll down a bit, JumboCloseouts posts a guarantee:

Which reads, “We guarantee that if you sign-up for our site, and do not win a single auction using the 300 start-up bids included, we will fully refund your bids.” In small print they tell us that bids will expired within 60 days from purchase.

Their FAQs state that they do not shill bid or use bots:

“Are You Playing Fair?
You can rest assured that we do not use any automatic systems to bid on our auctions (like bots), nor are our employees or family members permitted to bid.
We are offering you as our customer the following:
A real chance to receive major discounts. You are playing to win brand name products for a fraction of the retail cost.
With our in-depth technical and fraud management, you can rest assured that our system is under constant review and that any fraudulent attempts by others, or technical issues that may arise are immediately discovered and dealt with.
We guarantee that all bids are coming solely from our customers
Other than the Playing Fair guarantee, how do I know that auctions are not faked?
With a large part of marketing being word of mouth, we rely on customers who win to tell their friends and blog about their winnings online. Repeat business and satisfied customers is what our business is built on. We will never place bids to inflate the price of an auction as it is not good business practice to take advantage of the very people who are helping to build our business.”
For “thousands of users” and a 1-month old domain their Alexa ranking & WebsiteOutlook traffic estimate seems to be on the low side: Daily Pageview: 817, Alexa: “ has a three-month global Alexa traffic rank of 810,306. We estimate that 93% of its visitors are in the US, where it has attained a traffic rank of 69,584.”

Their Meta tags read: “Swoopo Clone, Swoopo Site, Telebid Action Script.”

Let us know if you’ve tried what your experience has been, and please, join our penny auction forum!

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18 comments… add one
  • wise_old_guy August 11, 2010, 12:08 am

    100% dodgy site. I watched 4 auctions closing to bidnow user in 3 minutes. They had random amounts like 52.17 2.27 etc but no one actually bid in last seconds. Then after saying closed for 5 minutes, auctions started again for random minutes and it was the very same auctions with same username. What’s more is that when you go to auction detail page you cannot see the bid history.

  • Tiny Tim August 12, 2010, 8:24 am

    This is a scam for sure says Tiny Tim

  • Cynthia Gerdes August 13, 2010, 10:22 am

    STOP! Don't get sucked in like i did. I'm on the phone right this very minute trying to get back my $150, which STUPIDLY i approved during their "registration process" (I thought they wanted the cc info for any future purchases). I immediately realized my mistake and called, wrote, but they finally said "my problem" because I approved. DO NOT DO NOT DONOT fall for this…I have an MBA and own 3 businesses and STILL fell for the fake "Channel 9" newscast where if you look closely, is ALSO "advertisement"

  • tinypr100 August 16, 2010, 10:22 am

    People beware just like the person in the other post i thought the cc info was just for future purchases this site is a scam your paying $150 for the chance to win not to really win something, I sign up (didn't read the bottom statement) went and purchase a 50 bid package not knowing that i was already charged for the 300 bids, started bidding on a xbox 360 and although i was the last bidder when clock hit zero and site said auction ended 2 more bidder names came through and i lost the bid, not worth been scammed for a savings of a few bucks, now i have to pay my cc $175 and no item when with $199 could've had purchase an xbox 360 right at the store because of ppl like me naive and uninformed but also because ppl like them oportunistic and deceiving is why the economy of this country keeps sunken in.

  • Rose Marie August 18, 2010, 5:42 pm

    Biggest fraud I have ever come across in my entire life. I have never been sucked in by anything before. Would love to be part of a class action suit .

    These people are thieves from the get go.

    Anyone interested please let me know.

    • james April 21, 2011, 5:11 am

      I got sucked into this scam. So – yeah – I’d be happy to join a class action law suit.

  • DSLguy August 21, 2010, 8:04 pm

    I also joined fairly early. The introductory registration information was deceptive and results in an immediate $150 charge to your credit card. In addition, the auction site has seriously declined. Significant changes have occurred over the last few weeks. They used to have a tab for Auctions Won that showed some great merchandise had been won at low prices — that page is gone. Starting bids have been significantly raised on the auctions from a few cents to several dollars on inexpensive items to over $150 on expensive items. Auctions for desirable, expensive items are now rare. Most of the auctions on the site end with no bids. They no longer have auctions on bid packs–Evidently not many takers want to throw in more money with a lack of interesting auctions. This auction site is a poor value with high handling charges on even inexpensive items and high starting bids.

  • Moazam August 22, 2010, 2:38 am

    Thank you all for your comments i was about to put my cc info in…then i thought of reading the review on this auction…i came across your comments and that made sense to me that…This is Fraud I think you guys should take them to court

  • Luvn Vacation September 2, 2010, 2:59 pm

    This company is definitely a fraud. These people must be laughing at how their misleading tactics get them $150 a pop for each person who gets sucked in. I emailed them to tell them I thought I was signing up for 100 free bids as their misleading advertisement (of course I did not know it was an advertisement when I read it… it looks like it is from a Memphis TV News Station) says and they basically emailed me back and said tough luck.. our terms and conditions say you are paying $150 for 300 bids. I hope everyone who is getting scammed is reporting them to the BBB like I did and if anyone ever considers a class action law suit.. I AM IN! These people need to be shut down!

  • carnan September 7, 2010, 5:47 pm

    I also got sucked in with what I thought was a TV news station report.
    I thought it stated 100 free bids for registering, which I did, had not
    scrolled down far enough to see the $150 charge to my credit card. I will
    definitely be reporting this to BBB.

  • Jennifer Timbers September 8, 2010, 3:55 pm


  • John September 9, 2010, 12:30 pm


    are all linked to each other.

    Wether they are just copycats of swipebids (now or have any connection with them I don't know (yet).

  • itis scam September 12, 2010, 12:05 am

    They have promised me twice my money back, course I will contact CNN, FOX,ABC, CBS, CONSUMER REPORT, plus Attorney General, FTC, FCC, And local media to do everything in my power knowing They will start a new company but with all laws broken and miss advertising I am hoping to hit their pocket book. If enough of us complaint some one will start listening

  • KntJumFst September 29, 2010, 2:08 am

    You may have done hundreds of OnLine transactions. Thats exactly what Jumbocloseouts is counting on. You expect clear invoice of charges before you confirm your order. As by State's law, You may expect a conspicuous notice about the non-refundable policy on your purchase, making your confirmation even more tenuous. With JumboCloseouts, you'll won't get either one. But you will get charged $150 from behind the scenes.

    They'll try to Buffalo you when you try to get your money back. Play the game and ask nicely to refund the $150. Write a few emails to the Billing department asking for your money back. 1st email will get a reply to re-read the billing page. 2nd email reply may get an explanation of the the non-refundable policy, but will give you 300 bids free if you haven't won anything yet. 3rd email asking about legality of the transaction, a reply may say something about how legal their process is that its checked by a retired FTC Attorney. 4th email replay they may include their offer to refund $50 only.

    Now put in a dispute with the credit card company. Include your email correspondence is a sure bet. Jumbocloseouts through their registration has cause an unauthorized charge to your credit or debit card. They also have not shown in conspicuous manner their no refund policy. This last one is a criminal infraction.

  • Peter November 5, 2010, 5:31 pm

    MasterCard and Visa need to be ncluded in a class action suit. Suit against the website will yield -0- but the credit card companies are profiting from this and should be “included” for their part in this scam!

  • Omar Hossin November 8, 2010, 8:43 pm

    My credit card company reversed the charges because jumbocloseouts says the 150.00 is non refundable and my CC company says they have to pay therefore I have to pay. I have not bid at all. I signed up on August 13th, it will be 90 days this week. The things to bid on are cheap, junky items.


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