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Maybe you found this article because you’ve recently stumbled upon Swoopo, BidRay, BidCactus, BidFire, BidRodeo, Beezid or the like, you’re in awe of the pay-per-bid, penny auction concept. You watch the auction timers tick down and back up again (10,9,8,7….20..3.2..19…) for hours, hundreds (even thousands) [...]
Yep, that’s right. The reason Penny Auction Watch was started was because of CheapObids.com. CheapObids was found from a post on the forum of the late penny auction YottaBid (which we thought was 100% legit, to our dismay it appears they too had shill bidders). CheapObids “auctioned” off two brand new cars within a [...]
The use of bidding bots should (if they are not already) be illegal. The use of them to bid against people (swindling) is totally unethical.
We posted this photo back in August (thanks Duncan!). It’s an appropriate reminder to all penny auction, (pay-per-bid, bid-fee, entertainment shopping, reverse auctions, unique bid auctions, reveal/Dutch auctions) that are blatantly [...]
UK based penny auction SoMuchCheaper.com may possibly have fake, shill (bot) bidders bidding on their auctions.
We hope that if they are employing bot (shill) bidders they realize that it is unethical and they stop using them if they indeed are.
SoMuchCheaper: Daily Pageviews 709, Websiteoutlook.com
Their Alexa ranking is a low [...]
Continue Reading 0 comments Legit or Not?, UK Penny Auctions
In today’s The New York Times article Losing Out After Winning an Online Auction, Alina Tugend warns readers of auction fraud and even mentions penny auctions Swoopo and GoBid:
“There’s a lot of ways to lose money with online auctions,†said Sally Greenberg, executive director of the National Consumers League, a nonprofit group. … To make [...]
http://www.flickr.com/photos/theshadowknows/ / CC BY-NC-SA 2.0
If you only had a daily average pageview of under 400 would you be auctioning off $10,663.71 worth of items at noon on a Sunday?
CentMonkey is. Some of their auctions right now:
$5,000 with 108 bids.
MacBook Pro that has so far received 55,720 bids,
A Canon camcorder with 15,852. Really?
YottaBid had [...]
Have you tried ZipaBid?
2nd Update: It could be possible that the issues with ZipaBid were caused by technical difficulties and there still are technical difficulties with the site. It looks like Site Clonez, where Zipabids software is from is a pirated version of another Swoopo Clone software. It still looks like it has problems, as [...]
Expect to see a wave of new penny auctions. Developers are getting in on the trend and selling reverse auction software. On eBay, for a whole $75, you can buy your own penny auction site and for $50 more they will advertise for you to get “1000’s of users.”
The ultimate question: Will they be the [...]
Just what is a penny auction?
A penny auction is an auction where bidders pay-per-bid for an item and the time increases with each bid. The winning bidder is the bidder whoever is the last to bid when the timer counts down to 0 seconds. Not all auction websites are the same so make sure [...]
