One of the big questions about penny auctions people want to know is, are they scams and more specifically is SaveBig.com a scam? While some people have complained about SaveBig penny auctions that they paid more for an item than they wanted to or that they paid so much to try and get in on the great iPad auction deal they found, but they didn’t win, this usually comes from people not reading the fine print and not understanding how penny auctions work.
My first piece of advice to you in answering the question is SaveBig.com a scam is, don’t join any penny auction website with out reading the rules and terms of service first. I can’t stress this enough! You wouldn’t buy a car without reading the fine print, you wouldn’t join eBay without reading the fine print and you wouldn’t buy a game console such as an XBOX 360 and not read the instruction book, so why would you join a penny auction site and not read the instruction to figure out how it works and how to win the items you want without spending too much money?
Another area where people go wrong with penny auctions and at SaveBig.com is that they think these sites are like eBay when in fact they are not at all like eBay. On penny auction sites like Save Big when you join you purchase a bid pack in quantities ranging from 100 up you to either 300 or 500 bids (they differ with all penny auction sites), each bid costs 60 cents, that means every time you place a bid it costs you 60 cents, and the price of the item being bid on goes up by 1 cent every time a bid is placed on that particular item.
The secret to winning auctions at a penny auction site is to wait until the auction price starts to get close to the price of preciously sold items of the exact same kind or similar items and then start bidding. Another penny auction trick is to never bid on any item until there is less than 20 seconds left to go. Think about it why would you place a 60 cent bid at a penny auction when there is 3 or 4 hours left to go in the auction? That’s just a wasted bid.
I’ve been watching SaveBig.com auctions for a few weeks now and I personally don’t see any evidence of a scam going on there. But some people simple don’t read the terms of service at these kind of sites and don’t do their due diligence in investigating how these sites work and then they cry about some hard luck story. I’ve even had someone try to leave a comment on this blog stating it is a fact that SaveBig.com is a scam because they use bid bots, and then they don’t offer any facts whatsoever. If you want to leave a comment such as that on this blog, you need to state the facts to back up your alleged facts.
if you want to get in on the deals a SaveBig.com you can join here but, don’t join before you read all about how the site works.