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Almost all penny auction sites operate on the same principle which some people have compared to a form of gambling.

Come check out www.pennypavilion.com for great auction items and for a limited time get 50% more bids on every package we have. So kick off your shoes and join everybody. There's an auction just for you running right now!!

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None of the above answers the question and is just a poor excuse to try and try and desperately advertise their site. What does gambling have to do with trust. Gambling is an issue of how it is perceived by bidders, not whether a site can be trusted.

Can a site be trusted. The answer falls into to parts. Ethics and motivation. Ethical aspect: In any line of business there will be those that try and rip others of. It is a universal problem and on that laws try and prevent (not always successfully). And in any business area the majority of businesses are ethical...and penny auctions are no different. most will act truthfully and honestly. some will not.

Motivation. The basic model of penny auctions (pennypavillion included) is to win at the expense of the bidder. In other words they only make money form their customers losing money on average. the more the bidders lose...the more the site makes. This is because all the existing sites list their own products for sale. Therefore there is a real motivation to twist the model to ensure bidders lose so they make more money. They want auctions to run on forever so bidders keep spending money bidding.

Sites like eBay that are the traditional marketplace for products, which bring buyers and sellers together offer a more solid model because they do not win by bidders losing. Quite the opposite. They win by buyers and sellers coming back again and again because they're happy and all is fair, and want auctions to end (rather than go on forever) to earn their income. So they are 100% aligned with buyers. Exceet is the start of a new generation of pay per bid (including penny auctions) site that create a marketplace for pay bid auctions and are driven by the same fair model as eBay. They have are motivated by fairness and returning customers.

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12y ago
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11y ago

No they aren't all a scam. Some of penny auction sites out there are a scam though because they don't send you your winnings, or they use bots to make the bids increase. However, the concept in general isn't a scam. It just means that there's one winner and a lot of losers, but if you're the winner then its worth it for you.

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13y ago

Yes they do, but you need to understand them fully and note that each site that offers penny auctions offers them slightly differently. You're almost guaranteed to lose if you just jump in without first doing a bit of research. It's like anything I guess. You just can't assume you'll do well without study and practice. But if you check the rules out, set your bid limits strictly, bid on the cheaper items and also wait till they are nearing their usually penny auction selling price before bidding, your chances of success are greatly improved.

I would suggest checking out the links below for more tips and ways to play safe penny auctions.

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Q: Are there any penny auctions you can trust?
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How can sites like Madbid and other penny auctions sell their goods for so cheap and should you trust them?

Sites such as Madbid and other penny auctions sell their goods so cheap because the bids must be bought in increments. Many of the bidding sites are trust worthy, but others may be scams. Always research the site online before buying bids.


Are there any jewelry auctions taking place in Delaware?

There are several jewelry auctions taking place at Delaware. There's Penny auctions that offers wide range of selections of items from jewelry to handbags and cosmetics.


What religion is represented if any on the penny?

If you mean the American penny, the religion represented is Christianity - represented through the words 'IN GOD WE TRUST'.


Are there any good penny auction sites?

There are good and bad penny auctions sites which is why it is important to do research and read reviews from other people. Popular penny auction sites such as swoopo.com have a lot of people bidding which makes it more difficult to win. Other penny auction sites such as Zeekler.com have less people, but have been around a lot longer and because there aren't as many people bidding, it's sometimes easier to win something. I am a rep for Zeekler and by far it is one of the most reputable penny auctions tbinnovate.zeekler.com


Can you Trust gozila.co.uk penny auction?

Gozila penny auction is just just like the others penny auctions in UK. Main features for all of them: Every bid costs 0.5 pound. Bid increases price by 0.01 pound. A lot of players so it's hard to win. Awyway, Gozila is legit.


Can you trust Plbid.co.uk penny auction?

100% you can trust plbid.co.uk because i have won an item and i received. Plbid penny auction is just not like others penny auctions in UK because they offering more free bids all the time and great customer service. Not only me, there is many other user say good feedback about this site. You can see in their winner page. So everyone can trust plbid.co.uk Main features for all of them: Every bid costs £0.45. Bid increases price by £0.01.


How do online penny auctions work?

Online Penny Auctions work by harnessing the power of individuals all betting for the same item. In a traditional online auction, the bidder pays nothing unless he/she wins that auction. Conversely, in Online Penny Auctions, every bid costs a predetermined amount. For example, an online penny auction might sell bids at $1/bid, and therefore raises money on people betting on items for sale through their website. These auctions are call "Penny Auctions" because each bid raises the final price of that item only $.01. Thus, the winner of said auction can get the item at an incredible discount, where the other bidders lose-out. This has been argued to be gambling, and for all intents and purposes can be seen in a similar light, but in many online auctions you can buy the item outright, and so these auctions often refer to their business as "Competitive Shopping."


Are online penny auctions a fake?

A fake? Online Penny Auctions are a real thing, and people win real items on them. Check out Zeekler, QuiBids, BidCactus, or several others for a reputable online penny auction. I won some earrings for my mother, but I had to watch them for several hours. People see it as more of an entertainment thing than actual shopping, but deals can be had. If you're interested in how they work, just google how online penny auctions work, or I think there's a site out there with a similar name - probably several.


Value of log cabin penny?

About $1 but for a 50 penny roll (of that penny) on on-line auctions can sell anywhere from $2 to well over $50(if your auctioneers are in a good mood).That pretty good if you ask me


How many penny auction sites are on the internet?

There are about 5 companies that are operating as penny auctions but they are not legit! Beware!! You should just use a trusted site like amazon or Ebay.


Can teens use penny auctions if so then where?

I believe you need to be 18 above to be able to participate on programs like this.


What is the best penny auction site?

No doubt the best penny auction site is Smokoo. I say this because they've are amazingly transparent and have the best customer service. Their lineup of auctions is by far the best in the world. I have only been on www.tbinnovate.zeekler.com plus we give free bids that work for most auctions.