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Pennycave.com / Warning

1 United States Review updated:

I just wanted to warn everyone who might be interested in placing bids to purchase items. There is a site called pennycave.com that is cheating people who want to bid on items to purchase them. They don't tell you that you lose your money each time you bid on an item. They know that you think that you don't lose any money until you actually win a bid.So, they take advantage of your already fixed idea of an auction and the bid, and get your money when you buy credits to bid, you can't get your refund. The information that they give for customer service is false, because I could never get in touch with anyone there. This pennycave.com is a fraud. If you are one who don't care about giving his or her money away just to place a bid, then this site is the one for you.

Ol
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Comments

  • Bi
      30th of Aug, 2009
    +1 Votes

    I had the same nightmarish problem with this fradulent site. They are not in New Jersey as stated, as I did an extensive follow-up on them. From what I uncovered, they are overseas and are affiliated with BidOneDollar, which was a large scheme in which many people lost big $ in penny stocks. I agree with the poster...Stay away and keep your money! If you have been scammed by these people, contact your credit card and dispute the charge.

  • Bl
      3rd of Sep, 2009
    -1 Votes

    read the rules. I don't like the site, however, thats why I don't use it. Try reading the rules first... the site tells you that you'll be charged one credit per bid. Its a different type of auction style site. Don't be lamish b/c you don't take the time to read the rules. Thats your fault.

  • Bi
      4th of Sep, 2009
    +1 Votes

    They don't tell you in their rules that they are an outright scam and fraud! They don't tell you that they are NOT in NewJersey but rather overseas. They don't tell you they are affiliated with BidOneDollar, another scam fraud company, and the list goes on!

    But, if you don't like the site, then why did you take the time to sign up on here to stick up for them??

    Anyway, stay far away from pennycave.com. It's a total scam and fraud gambling site trying to look like a penny auction.

  • Bi
      6th of Oct, 2009
    +1 Votes

    Just wanted to warn anyone who is considering using this site or has been taken by www.pennycave.com that this site is a total scam. They are advertised everywhere you can imagine on the web as an online auction. However, they are a penny auction site that is scamming many people.

    After a lot of researching and calls, I found that this site is NOT in New Jersey as they claim and, in fact, is an overseas company. Pennycave is associated with BidOneDollar, which was an overseas company that has also scammed many people out of life savings and big bucks with a Penny Stock scam.

    Pennycave.com is already listed through the Better Business Bureau of New Jersey as being a fraudulent site with no contact information whatsoever.

    If you have been scammed by them, dispute the charges with your credit card, as they are advertising as an "auction" when, in fact, they are a gambling site. In their rules, they even list certain US states that they can't do business with and these are states that prohibit gambling.

    In short, stay far away from pennycave.com. You won't win anything and they will take your money!

  • Cr
      12th of Oct, 2009
    0 Votes

    i haven't had any issues with them and i have been bidding on the site since October of 2008. i have been there for over a year. when i did have a problem with a shipment of an item they responded that day and they sent the item again. not sure why people keep saying that they are a scam cause i have won 11 items with them and i have got every item from them that i had won. oh and btw when you are at checkout it does say that it goes to BidOneDollar pay pal account

  • He
      20th of Dec, 2009
    0 Votes

    They rake in a huge amount of money. ALso, some website are complete fraud. They place their insiders to bid and at the end their people win with the Genuine members losing. Having some pity on genuine members they let them win some cheap items like Wii remote controller, Gift cards, etc
    Also, I visited at http://www.pennyauctioninfo.com and there too I found the reviews about various website.

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