Type Private
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Defunct October 11, 2016
Headquarters Montreal, Quebec , Canada
Area served United States, Canada
Products Online Bidding Fee Auction with "Buy It Now" option & Store
Are online auctions legitimate?
While many Internet promotions are legitimate, unfortunately, Internet auction fraud is very common. Reporting fraud helps law enforcement do its job and keeps other people safe. Online auction scams are a nationwide problem. Watch to see how Postal InspectorsPostal InspectorsPostal Inspectors are federal law enforcement agents with investigative jurisdiction in all criminal matters involving the integrity and security of the U.S. Postal Service®. Postal Inspectors investigate criminal, civil, and administrative violations of mail-related laws.https://www.uspis.gov › about › careersUSPIS - Careers with The United States Postal Inspection Service tracked down this culprit.Feb 5, 2019
What is the best penny auction site?
#1 DealDash Founded in 2009 and the largest penny auction website and claims to have 8 million users, DealDash offers a wide variety of product categories - gift cards, electronics, computers, smart phones, and even automobiles.
How do penny auctions work?
With penny auctions, you will pay some money for every item you bid on whether you win the auction or not. ... Once the auction starts, the price of the item starts at zero. Each bid bumps up the price a penny and resets a countdown clock. The end game is to be the highest bidder when the clock runs out.
Is Beezid legitimate?
"Beezid is legit. ... In the end Beezid.com is not a scam, but it does provide a very easy way for its customers to lose money with no reward. It is a website with specific rules and procedures that people should understand fully before spending money to take part in its auctions.Mar 23, 2015
What is the best online auction site?
- Best Overall: eBay.
- Best for Real Estate: Auction.com.
- Best for Auto: Copart.
- Best for Business Equipment: BidSpotter.
- Best for Luxury/Collector Items: Sotheby's.
- Best for Government Surplus Items: GSA Auctions.
Are penny auctions legit?
Problem is, penny auctions are still a big time scam for consumers. ... Often times, the final bid is a pittance compared to the actual cost of the merchandise sold, allowing penny auctions to easily advertise the amazing deals. But it's not free to bid you see, as most companies charge between $0.50 to $1 per bid.Dec 22, 2020
What is the number 1 auction site?
eBay is the best overall online auction website because it's free for buyers, both seller and buyer have protections from fraud, and you're not restricted to just the United States.Mar 8, 2021
Can you win penny auctions?
A big misconception of penny auctions is the “one cent bid” where bids cost only one cent. They do not. While every bid placed increases the auction price one penny, the cost of each bid is $0.40. ... He/she got a great deal on the camera as the total dollars spent on bidding was $240 to win a $650 item.
What is a penny auction site?
A bidding fee auction, also called a penny auction, is a type of all-pay auction in which all participants must pay a non-refundable fee to place each small incremental bid. ... Such auctions are typically held over the Internet, rather than in person.