Over the past year, we've seen a number of penny auction website implement a winning guarantee of some kind. In general, the penny auction winning guarantee is something offered to ensure (or at least improve the odds-of) a new bidder wins at least 1 auction. From the Penny Auciton's standpoint, this reduces refund requests and [...]
The penny auction industry is no stranger to scrutiny. From consumer protection groups to almost every media outlet, penny auctions are often criticized for their business practices. Below, we've summarized ratings of penny auctions by one of the most-respected sources, the BBB (Better Business Bureau). Please note that the below does not mean that these [...]
Quibids Buy Now Most penny auction websites operating today offer Buy It auctions in one form or another. Buy It auctions are auctions where the auction losers can purchase the item at hand (often at retail value) and either receive a credit or refund based on the number of bids they have [...]
