beezid.com - With the rising popularity of penny auction sites, it is only reasonable to think that there will be those out there thinking to cash in and scam innocent bidders. However, we cannot let the few spoil the fun for the majority. Instead of thinking all penny auction sites are illegitimate, you must be more diligent in your research before bidding on such sites.
You should always be able to find out more about the site you are on through their terms and conditions. If a site does not have T&Cs then this is what should make you start to doubt the site’s legitimacy. There are also a huge number of articles online that can advise you as to whether or not a penny auction site is legitimate.
beezid.com - Wiki articles are also a good route of information for they help to clarify all the differences between penny auctions and other gambling sites. Those who run legitimate penny auctions honestly state that penny auctions are not a form of gambling, however, not every auction site claiming to be legit is as honest as they make out.
Before placing any bids, be sure to do a bit of digging around on the name of the site. Search for the site on your favorite search engine to see what others have to say about it. You will soon see if they have been around for a long time, in which case they are more than likely to be trustworthy and legitimate. It is the extremely new sites that are popping up that people must be more wary of.
As long as you are aware, then you should be OK, after all no one wants to just give away their hard earned dollars to a scam artist. Although you would be surprised at how often people are fooled into thinking they are on a legitimate site, when they are not.
A few tips for those who want to see quickly if a site is legitimate are to see if the seller will accept payment via PayPal. If they do then your money will be protected via PayPal’s Buyer Protection. You can also check that the site has https in its address, as this will mean they are a secure site (instead of the more common HTTP).
beezid.com - Penny auctions sites should not all be tarnished with the same brush just because some sites are scams. Many are run by honest people just trying to make a legitimate living. Your money is in your hands so it’s up to you to do the research.