answersLogoWhite

0

Penny auctions are NOT traditional auctions and more akin to gambling and gaming.

You purchase 'bids' and this allows you to bid on an item. There is ABSOLUTELY NO GUARANTEE that you will win anything and each time you bid you have to pay.

This new breed of website has come in for a lot of criticism with a number of these sites being closed down for 'automating' bids ensuring a real person bids against a computer script.

Legitimate websites remove any penny auctions websites from their listings. A good directory will manually verify auctioneers in their database. However it must be stated that there are very few 'quality' auction databases. Many list old and recycled information so always ensure there is data you can search publicly and without parting with your money. If you want a real bargain, then go to a reputable auction house.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Is buy low auctions safe?

no


How can I be sure it is safe to buy penny stocks online?

You can be safe to buy penny stocks online at http://www.ehow.com/how_2316381_buy-penny-stocks-online.html. Another good site is www.pennystock.com


Are the toll roads legitimate and safe to use?

Yes, toll roads are legitimate and safe to use. They are maintained and regulated by government authorities to ensure safety for drivers and proper upkeep of the roads.


Is it safe to put a penny in a fire?

You can put a penny in a fire, however it is illegal to destroy money. Also do not attempt to get the penny out of the fire or you will likely be burned.


What may be considered as special about Heritage Auctions?

Heritage Auctions is known as the world's largest collectibles auctioneer. It's safe to assume that them being the largest in the world is something special.


Is downloaded Windows 7 free safe and legitimate?

yes i think so


Is sesile com a legitimate dating website?

I'm not quite sure. I recommend daterichsingles.com to you. I'm a gold member of this website. It's legitimate and safe.


Is Spy Hunter safe?

Spy Hunter is a legitimate anti-virus software. It is not as safe as other software such as Malwarebytes and Comodo Firewall.


Is it safe to give out your account number?

No, it is not safe to give out your account number to anyone unless you trust them and are sure it is necessary for a legitimate transaction.


What is a legitimate receiver for free to air tv?

Any receiver that is safe to use and does not act as a re-broadcaster to other areas is legitimate for free to air TV.


Where can I find information on motor car auctions?

Usually Classic Motor Auctions is a good website for that and I've heard many say it was safe. But If you don't believe me, you should ask some friends with more experience.


Is pokerstars.net a safe website?

Pokerstars.net is a company that has been around for years, they are legitimate which confirms that they are a safe company. Information released to them does not get used with other companies.