As the shopping season is upon us, we may turn to other alternative shopping sites for our stocking stuffers. We may even want some fun out of it like when signing up with Penny Auction sites. Penny bidding sites offer great deals and promos, but they can also pose problems for the average consumer or penny auction newbies.
For example, if you won a gadget for less than $100 which might seem like a steal, but if you placed 500 bids for $1 each, your overall cost may actually be over the retail store price– plus shipping and transaction
fees, your bill may end up way over $500. But over a course of a few days or months, some do get lucky and win high-end gadgets like Apple products and mobile phones for as low as $20. But that's just being lucky!
Penny sites do charge a considerable fee just to sign up, and they debit money from you each time you place a bid, whether you win or lose, you might even end up with nothing.
For example, if you won a gadget for less than $100 which might seem like a steal, but if you placed 500 bids for $1 each, your overall cost may actually be over the retail store price– plus shipping and transaction
fees, your bill may end up way over $500. But over a course of a few days or months, some do get lucky and win high-end gadgets like Apple products and mobile phones for as low as $20. But that's just being lucky!
Penny sites do charge a considerable fee just to sign up, and they debit money from you each time you place a bid, whether you win or lose, you might even end up with nothing.
