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 businesses are Accredited (ie they pay $$ to the BBB), it only represents their overall rating. This list was last update on 9/23/2015.
(sort order by rating good to bad)
- HappyBidDay’s BBB Rating: The Better Business Bureau gives HappyBidDay (aka Razzle Enterprises) a BBB rating of A+, the highest among the small/medium penny auction websites.
- DealDash BBB Rating: DealDash has had over 300 complaints (all resolved) with the BBB and has a long track record giving Deal Dash a BBB Rating of A+.
- Quibids BBB Rating: Quibids has had 604 BBB complaints (and as many resolutions) giving them a BBB rating of B.
- Beezid’s BBB Rating: Beezid is not technically a US company and does not have a BBB rating, although there is an alert for this company.
- OrangeBidz BBB Rating: We could not find a profile on the Better Business Bureau’s website at the time of writing this article.
- MadBid BBB Rating: We could not find a profile on the Better Business Bureau’s website at the time of writing this article.
More to come, we’re working on compiling additional information for the most notable penny auctions websites.