the world is dangerous by einstein

Anonymous Penny Auctions Are a Problem, But There’s An Even Bigger Problem Out There

SO you think the anonymous penny auction sites are a big problem right? They are, and not to downplay the fact that the scale of the kid in his parent's basement, or a scheming couple, or someone with bigger resources to rip off even more consumers isn't unethical, dirty and just flat out thievery, it [...]

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forbeslogo

Great Penny Auction Coverage in Forbes Today!

Caroline Mayer, a consumer reporter for NextAvenue.org  just did a wonderful piece today on penny auctions for Forbes.com. If you haven't seen it yet, you must read it. Are Penny Auction Sites Seen On TV For Real? She makes some very real points and I would like to thank her so much for mentioning me and Penny Auction Watch. [...]

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FairPennyBids.com Shuts Down

Unfortunately, more often than not, our news here is about site shutdowns than new startups.   BidCactus - a larger penny auction site just recently. Now, a smaller site FairPennyBids.com has closed it's doors. FairPennyBids.com tells us that all items have been shipped and all unused bids have been 100% refunding. Did you bid on this penny auction [...]

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bitcoin

What is BitCoin and Why Would Anyone Want It?

Seeing as uBIDUP, a penny auction site just for the crypto-currency, Bitcoin, is still up and running we thought it'd be a great idea to feature this insightful guest blog from Bitcoin expert, Justin Hawley of BetterOffBitCoin.com. What is Bitcoin, and Why Would Anyone Want It? Bitcoin.  If you haven’t heard of it yet, you will. [...]

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empty handed

Bidder’s Paradise Bp8.Hk Empty Handed?

According to reports received from two separate sources, it has been alleged that the Hong Kong based penny auction site, BiddersParadise at Bp8.hk does not have any items on hand that they display in auctions on their website. Allegedly, bidders are required to first win the item, after they're actual affiliates of the company and [...]

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Resibids Penny Auction Real Estate

Revisiting Real Estate Penny Auctions As New Site Launches in Australia

ResiBids.com is a penny auction site for real estate that just launched in Australia. While the auction for the property is not visible from the homepage, a countdown ticker on the site states the auction will begin in 6 days.   ResiBids is claiming to be working with developers to offer their first real estate [...]

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Bidcactus beezid shut down

BidCactus Shuts Down – Bids Transferred to Beezid

BidCactus, once one of the longest standing penny auction sites on the Internet has just shut down. Is this a sign of the further downfall of the once buzzing penny auction industry? Rife with controversy, misunderstanding due to faulty marketing tactics and fraud by shady operators, this is just one of many sites to shut [...]

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Designer penny auctions

OneCentKicks Launches Designer Fashion Penny Auction OneCentChic.com

The guys behind the penny auction site for sneakers OneCentKicks.com have just launched a new site, OneCentChic.com. OneCentChic offers designer fashion goods and accessories in a "you choose" auction format. In each designer auction that OneCentChic offers there will be a choice of an item that the winner would like to win. In this Valentine's Day [...]

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