Easy Tips for Bidders Who Want to Avoid Penny Auction Scam

Posted by juliabennet on October 20th, 2011

Penny bidding offers great opportunities for you to get top branded premium products at a fraction of their original prices.  There are lots of items available on a penny bid auction site.  These items may include flashy gadgets, cameras, furniture, and other high end electronic products.  But you have to be careful when you play penny bidding especially if you are a newbie.  You have to avoid penny auction scam sites at all cost.  So here are the crucial things you need to do to avoid the scammers.

The first thing you need to do is to verify the legitimacy of penny bid websites.  You should investigate the level of traffic and user engagement generated by the auction site.  Legitimate sites normally get huge human traffic.  If a particular auction site has a dynamic user base, then it only means that more people are satisfied with the service.  It is also important to determine if the penny auction website is run by a legitimate company.  You can verify company information by performing a domain ‘whois’ look-up.  Legitimate companies provide complete information for their domains.  You will be able to get the name of the owner, company addresses, and contact information by doing a domain look-up. 

It is best to become a member of a penny bid community.  This kind of online community provides relevant and reliable information for bidders.  It is easier to avoid penny auction scam if you are member of an online community that provides reviews, ratings, and real time analytics.  Make sure to join an online penny auction that receives positive reviews and highest ratings.  It is also important to choose relatively established and older penny auction sites.  You have to be careful when dealing with relatively new sites that offer high end expensive products.  In this industry, legitimate new sites usually offer small items first and they upgrade their inventories over time.  On the hand, new scammer sites will immediately offer high end products at the auction blocks to entice you to place bids. 

Legitimate penny bid websites always ensure that their websites have the latest encryption technologies and verified by security organizations.  Site security certification is a good indicator of legitimacy. The usual penny auction scam site does not make an effort to secure their website and payment platforms.  And lastly, legitimate penny bidding websites offer multiple payment methods for bidders.  They are verified by the leading online payment processors and e-wallet services.  They can also accept credit card payments as well as bank transfers and wire services.

You can get amazing electronic products, gadgets, and other high end items from penny bidding.  This kind of online auction can bring good savings for you.  Most importantly, penny auction offers one of a kind excitement for bidders who want to engage in competitive bidding.  But to enjoy the best benefits of competitive bidding, you have to avoid penny auction scams.  Make sure that you are dealing with a legitimate company with a solid and positive track record. 

Learn how to avoid penny auction scam sites. Get the best products for pennies by joining legitimate penny bid websites.