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This website places desirable products and services for its members to "bid" for.
On first glance, the prices at which previous winning bids have secured for items seems ridiculously cheap.
Hence you will be tempted to purchase bids from them once your free bids from joining are used up.
BEWARE OF THIS SCAM!
There is no notice what the minimum bid price is that they are looking for, or even if there is an existing one.
So when the last few seconds of the bid arrives, and you place what you think is your winning bid, THE TIMER RESTARTS AGAIN!
This is a complete scam, it tricks you into buying more bids!
I've wasted $10 trying to bid for the Apple Ipad. There is no indication when the timing of the bid will end. It was supposed to have closed yesterday evening. It is still going on now! Go to the website and observe the last minute of the item's closing bid.
There is also a function called BidKaki on their site that bids automatically for you if you have to leave your computer.
Again, another scam tool!
The complaint has been investigated and resolved to the customer’s satisfaction.
Take note of www.pennyauction.com.sg.
They claim that only Singapore residents can take part in the auctions, but if you go to www.pennyauction.com.my, you will find a mirror site with the exact same content, except that the currency used is ringgit. If an item is sold at SGD$100 in Singapore, it only costs $100 ringgit across the causeway. Not to mention that the pool of bidders is actually much, much more.
The Malaysia site also stated that only Malaysia residents can take part in the auctions.
This is gross misrepresentation.