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Schweb's Lounge Forum for general conversation, chit chat, or most topics that don't fit in another forum. legit?

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Qua Sar

Member Since: Sep 23, 2006
Posts: 246
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I recently tried a online penny auction called I won an item and I am wondering if anyone else here has won oon this site and if it was legit or i should expect to be screwed over and prepare.
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Member Since: May 30, 2010
Location: Utah
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I haven't heard of it. Many penny auction sites are scams, though, so you may want to beware.

Proud PC owner.
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Penny auctions aren't scams, but they can make the unsuccessful bidder feel like they have been scammed. The majority of people who use it don't understand what they are even doing. You pay for each bid regardless if you win or lose. So, an ipad might sell to the successful bidder for about 70-130 bucks, but there might also be 20 other people bidding that much for it. With each person bidding that much, and having to pay for each bid a certain amount, which is a set $ per bid, you can imagine the huge profits the companies make. Scam? No. Huge profits? YES! Will costumers come back? NOPE! That's why you see these companies coming and going like flies!

“If you are distressed by anything external, the pain is not due to the thing itself but to your own estimate of it; and this you have the power to revoke at any moment.” Marcus Aurelius
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