Friday, December 28, 2012

Putting the Odds in Favor of Penny Auction Bidders



Putting a friendly face on the statistics of winning at penny auction sites, the Penny Auction List hired a Probability & Stat major at the College of William and Mary- Emma Stebbins to give us the lowdown if we can really win big on Penny Auctions with the right strategies. Emma is hardcore on the data and believes getting the right penny auction strategies out there to avid bidders. For the great strat advantage head on and read their articles at the PennyAuctionList.com

Thursday, September 20, 2012

The 3 Most Popular Ziinga Complaints

Curious about Ziinga Penny Auctions? Been reading about the website but all you see are complaints? But all Penny Auction sites have complaints. So let's sift through issues most penny auction addicts have about Ziinga:



1. The Three-Month Membership Charge- this is called Ziinga's Platinum Membership. So does this mean there's such a thing as a Gold and Silver membership? If so why does anyone who sign up automatically fall under the Platinum membership? The main reason is that its the most expensive one and it gets you into a 3 month binding contract. Now if you didn't read Ziinga's terms and conditions, for sure this will come as a shock. Hence, all these Ziinga complaints from surprised consumers.

If you love Ziinga, this should be no problem especially if you are addicted to this penny auction site and actively bidding for three months long, this should come as a bargain. However, if you were just looking to browse and try bidding, there is a way to squirm out of this binding contract.

Call Ziinga- ask for a cancellation which will surprisingly cost you £30.00 - why? because the transaction will require the services of Ziinga coordinating with your bank. Well, it should be free to cancel right? But it is isn't so because as much as possible Ziinga wants to keep you as a member.

You can also Open a Dispute Claim with your Credit Card Company or ask for a Chargeback.



2. Email or Text Notifying You are a Winner of a Prize- This may include a Free iPod Shuffle, a digital camera, a Debenhams voucher. With this, you have 24 hours to claim yourprize, if you click on the link they provided you will be ask to sign up to register your credit card. To claim your prize you may be ask to pay £2.00 or so, but after a 7 day trial, there will be a monthly charge on your card, if you use any of their bids.

3. I Can't Claim my Prize without Sending a Photocopy of Personal Details- Ziinga will ask for your passport, driver's license and credit card copy as Ziinga states is a counterfraud measure. This is to ensure that you are who you say you are. But then again, you can't blame people if they are not too trusting. Ziinga will not send you the prize that you won unless you pay for 1 month's membership. So that £2.00 iPod Shuffle is a bait for you to try their website for 1 month and pay them £59.99

Most of the complaints with Ziinga has mainly to do with their registration, subscription and membership process. So far, Ziinga is not known as a penny auction with shills or bots. In fact, I think they have a very good auction system at place where you can actually win prizes with their bidding agent. You can count on Ziinga to be shill-free. However, their membership contract is something of an inconvenience, but Ziinga is a penny auction site to begin with, if you are used to playing around  Adult entertainment sites you know that they do operate this way by asking advanced fees upfront.

Monday, May 21, 2012

Are Penny Auction Sites a Scam?

The Internet has many ways of having people part legitimately with their money, though not always amicably, websites that get the most complaints of this sort are usually the Penny Auction sites.

Google any Penny Bidding site and the first thing that will pop up on the searches are the words SCAM and Fraud. So are Penny Auction sites a scam?

I don't think these penny bidding sites, both old and new- are out to scam people. They would make more money by staying legit than ruining their biz reputation by scamming people. I don't think they actively manipulate the numbers and up the bids through shill bidding. I'm not saying these bad business practices don't exist. Of course, they do. But most Penny Bid sites are just like any tech startup, they have a brand name to protect. If they do get any bigger and can go head-to-head with auction giants like eBay.com - the last thing they need is a bad rep and being called out as a SCAM.

I would simply attribute the SCAM part as some whiny cry for help by a couple of sour losers (those with big losses from penny bidding and unluckily haven't won anything substantial from any penny bidding site). But why bother complaining? You can skip the bidding part on any penny auction site and just buy the product as is. The bid site will offer you a specific deal price for the item you want. You can actually get better deals off Penny Auction sites than in eBay.com or Amazon.com

So why not give Penny Bidding sites some love? If you get to dislike it, you can always sign out!

Tuesday, May 15, 2012

Bidder Beware: Know Thy Penny Auction Site First

There are a lot more online penny auction sites in the internet today. Before you try and bid on a specific website, it is very, very important to do a little background check, as well as find out the pros and cons of that penny auction site. Search also for common complaints and bidding strategies, and for sure you would have an exciting new way to shop online!

Tuesday, May 1, 2012

Penny Auction Tip of the Day

Always remember that it is very important that we know the pros and cons of each of the penny auction sites to be a step ahead of the Penny Auctions. Though only the knowledge on the pros cons of each site isn’t enough because you need to have the right skills and strategies in order to win the prize.

Saturday, January 7, 2012

Penny Auction Site Reviews: Ziinga.com

Ziinga.com
PROs:
  • Offers various membership types to choose from, and each with its own attractive privileges (eg., more free bids the better the membership package)
  • A lot of attractive, brand new electronic items at very low prices
  • Very quick membership registration
  • Offers the option to have multiple membership
  • Membership can be cancelled anytime

CONs:
  • Difficult to win in bidding
  • A member can only win one item within 14 days
  • One’s savings may be offset by slightly pricey delivery rates
  • Items are reported to be delivered after 5 weeks
  • Reports of unauthorized credit card billing of $127