Have you tried new penny auction site JumboCloseouts.com? 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.
Who is Behind JumboCloseouts.com?
We’re not sure, the whois information shows private and the domain was purchased just on July 6th.
JumboCloseouts looks similar to another questionable penny auction site, SwipeBids.com, 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!”
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 customersOther 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.”
Their Meta tags read: “Swoopo Clone, Swoopo Site, Telebid Action Script.”
Let us know if you’ve tried JumboCloseouts.com what your experience has been, and please, join our penny auction forum!
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