Auction Today Review Is auction-today.com Scam or Should I Invest

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Auction Nation Reviews

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Reviews 2,216

I love the convenience

I AM NEW in this side and i like it. everybody ower bid me Hahaha

i really don’t want to.

The site is great !

The site is great . It’s the first time I used it. But here’s the deal . I bought a cordless lawn mower. Went to pick it up , took it home and it wouldn’t start. I returned it complete to the warehouse in TEMPE and was told my refund would be 3-5 days. On Monday it’ll be 7 days !

The product that I purchased did not…

The product that I purchased did not work

I just want to say that the people were…

I just want to say that the people were polite and efficient considering the circumstances ! Love them at the air park location. Kuddos to Sonja she is taking a abusive beating and still smiling and be very professional . people please don’t bring your kids or additional people then complain! You guys have a 2 thumbs up from me! Thank you for being open.

Had a good as experience as possible…

Had a good as experience as possible during these times. ATLEAST locations are trying to stay open. I just left Glendale Airpark and they helped me quickly and efficiently. They were a lot of people grumbling in line but it’s the sign of the times so people need to be patient too.

Did not realize that the Glendale…

Did not realize that the Glendale location don’t have curb side pick and with the Virus that is very dangerous. I tried to arrange other options but they didn’t response. Will do change back on credit card. Will NEVER do business again with you. Nellis is a better option and they are responsive.

The Glendale air park location load…

The Glendale air park location load times are ridiculously long i purchased 3 items and every time they made everyone wait outside for 2 hours minimum just to get your items the second time i went the line didn’t move for 1 hr & 30 minutes it went past the loading ending time at 3pm all three times when i finally got my items they were all broken or Bent so they took it back and credited my account therefore it was a waste of time outside waiting bidding online to not even get the items i purchased. Only reason I’m giving 3 stars is the location on bell road we’re fast friendly and my lamps that i purchased were just how the pictures showed you guys need to reconsider keeping or removing Glendale air park auction on your website

I was shocked at the lack of social…

I was shocked at the lack of social distancing. No precautions were taken to prevent the spread of the virus. We should not be signing things with community pens. You could learn a thing from the Nellis Auction and their curbside delivery

The pallet purchased was mostly trash…

The pallet purchased was mostly trash seems someone should have done a better job not selling such trash.

Could be better

The auctions are kind of hard to get into, and the gallery view has never worked for me. Having to scroll thru each item is tedious and is kind of a turn-off, especially if there is multiples of a single item. If there are such things, they should be listed under one photo stating multiples are available. I also found it hard to see what all I’ve bid on, won and lost. It just seems clunky and outdated

Lost a helpful tool

Lost my item due to change of process picking up items. People were forced to stay outside and congregate in close proximity to each other for long periods of time. The process was extremely slow and non efficient. I tried 3 separate times to get my item to only turn away because the line was so long!

Love the entire site,made a call and…

Love the entire site,made a call and the staff is outstanding,friendly,very very helpful. Made the whole buying experience worth it,and I’ll definitely be buying again.

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What I think

Easy to use and variety of products.

Horrible Service

I spent a lot of money on high end items. Your customer service is lousy. Not impressed at all.

Sad day! Horrible customer service when it comes…

Horrible customer service when it comes to “independent sellers!” I will say auction nations main facility is great, they allow 3rd party sellers to use their platform and do not back up the buyers at all when it comes to any dispute with a 3rd party seller, the sellers to them are much more important than the buyer or the buyers health! I was at the Glendale Airpark today being the 31st of March 2020, Covit-19 is wide-spread and they had us sitting out of the building in a line that didn’t move but when people left from waiting too long(over 45mins before I left) had no moved but 2 customers had come out and it was already 2pm and this location shuts down at 3pm! I was in a line that had over 30 people waiting about 5 feet apart rapped around the building. I also needed to check my products once in which I don’t even know since this 3rd party wouldn’t pick up their phones or answer an email or text however auction nation decided to refund me(only after me saying what we as customers were being put through to get our products was not right, healthy or safe. As of 5PM today our governor of AZ put a stay at home order and there was no way I would even get my products by 5pm) I kept asking for them at Auction Nations customer service to help and do something. Their answer was to black list me and refund me. I’m happy for the refund however they weren’t trying to help me out in a situation that was not good for anyone to be in, let alone defy an order by our governor while people are dying from Covit-19 makes little since to me. I would rather be black listed on a $781 order than risk mine or anyone else’s health! The location has a 50% return rate on products, I have invoices to prove it even though they shut my account down already have them printed for records and also have pictures, call logs and all the proof in the world to back up what I’m saying. I did enjoy using them, however buying from any 3rd party is VERY RISKY AND NOT WORTH IT EVEN IF THEY HAVE THE PRODUCT YOU WANT!

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Penny Auctions Are Scams

Modified date: December 9, 2020

The way a penny auction works is simple. An item is put up for bid at a starting price of $0.01 and a time limit of a few hours. For example, let’s say a site like Quibids is offering a 55″ plasma TV. The price starts at a penny and the auction is timed for four hours. As time winds down, customers can place a bid, which will add one cent to the auction price, as well as 15 seconds to the time remaining. Once the time runs out, the highest bidder wins, no matter the price. Often times, the final bid is a pittance compared to the actual cost of the merchandise sold, allowing penny auctions to easily advertise the amazing deals.

But it’s not free to bid you see, as most companies charge between $0.50 to $1 per bid. So using the TV example above, let’s say the final auction price was actually $88.50. The winner of the auction, depending on how many bids they placed to win the TV will usually walk out a winner. If the cost of making a bid is $0.75, the penny auction website has raked in a total of $6637.50 plus the $88.50 the winner has to pay. A 55″ plasma TV was just sold for 2x-3x the actual cost and the person who bought it is thrilled. The people who aren’t thrilled are the ones who paid hundreds of dollars and have nothing to show for it.

Make no mistake about it, this is a scam and I don’t use that term often. In fact, this is the first set of sites I’ve ever deemed a scam and even though some people can walk away from these auctions on top, the odds are stacked against you. You wanna know why it’s a scam?

  • Insider Bidders can Guarantee Failure – What’s stopping employees from bidding when the time is about to run out? Absolutely nothing. One of the major complaints from bidders about Swoopo was the time would make it’s way to zero, then miraculously jump back up to 0:15 even though it appeared time ran out. If a site was about to lose money on a big ticket item, why not place a couple of phony bids to keep the auction going?
  • Hundreds of Complaints Filed with the FTC– As it stands today, the FTC has received roughly 350 filed complaints from consumers this year about the penny auction scam trade. Two class action lawsuits have been filed, one against the aforementioned Quibids but no momentum has been gained on shutting these sites because the FTC has yet to take any action (yet). Penny auctions are still fairly new so it will be a little while before the FTC sinks their teeth into this problem.
  • The Better Business Bureau Shows a Grade of A- for Quibids – You might be confused as to why this would be a bad thing but the BBB is nothing more than a paid service. I could open a company tomorrow, pay my annual membership fee to the BBB and have an A grade tomorrow. Even though so many complaints have been filed with the BBB, they only grade the company based on responses, not outcomes, so as long as Quibids responds (not resolves) to the complaints, a high grade is still provided.

As I write this post, I’ve been watching a $200 gift card auction continue to climb in price. Currently, the auction sits at $24.13. At $0.60 a bid, the total value Quibids has made on this auction so far is more than $1,450 for a $200 gift card. Wow.

You can’t argue with the penny auction business model and you can’t blame all of these new sites saturating the market. With the amount of profits these sites make on a daily basis, everyone wins except the consumer. Don’t get me wrong, the idea of winning merchandise for 10% of the retail price is very attractive, but for all sans one consumer per auction, this is a losing venture.

By the way, the above auction is still going, another 400 bids and $240 made by Quibids. Two poor saps bidding against each other for the last 20 minutes. Hopefully, they’re both Quibids employees.

Article comments

Penny auctions require a lot of time to fully understand. It’s a broad learning curve, and many of us thought the same thing until we completed that learning curve…

Here are some pointers:

1-You cite QuiBids.com as making over a $1,200 profit on a small $200 gift card, and say that the auction was still going. Well, that is just wrong. If you had bid at QuiBids in the past, you would know that they are a 100$ buy-it-now site, meaning that you can take the accumulated cost of your purchased bids, and apply that to buying the item at retail price. This virtually eliminates substantial profit from the site, and allows for every consumer to walk away with the item they were bidding on, albeit, without the “99%” savings a lot of penny auctions advertise.

Let’s look at the auction you cited
http://www.quibids.com/auctions/885918589:
Value Price:$200.00
Real Bids (137):-$82.20
Voucher Bids (0):-$0.00
Final Price:-$56.35
Savings: $61.45
The winner here saved $61.45 or just under 31%.

If they placed 137 bids, that means that 5,498 bids were placed as well. Here is where you need to understand how the buy-it-now process works:
Assuming I placed 333 paid bids (not voucher bids, which expressly do not count towards a buy-it-now) I can have QuiBids ship me that item, after paying the $1.99 shipping fee. I lose $1.99 or so, instead of all of the bids I placed up to that point.

If we divide the 333 bids needed to equal the buy-it-now by the 5,498 bids remaining, we can see that it was possible (and likely) that 16 people went this route, bidding up to buy-it-now, then simply buying the item once reaching that point.

That still leaves about 165 bids which could have been spent and not used towards a buy-it-now. These very well may have been bids given upon registration, or won in a promotion, either of which would not apply towards a buy-it-now. This is a very likely out come, considering the amount of traffic QuiBids has, which can be investigated on Alexa, SpyFu, and other traffic & advertising monitoring sources. It’s also likely, that some bidders, unaware of the buy-it-now, or how it works, placed bids and left the auction.

2-Swoopo is a different can of worms. In your article you said that Swoopo was “the most popular and well advertised penny auction website around.” Says who? The last year they were falling in all of the traffic rankings available. Furthermore, they were HORRIBLE at advertising, and were simply out-competed. Beezid, QuiBids, and BidRivals are just a few sites that did it better, and have been around for 2+ years. Compare that to Swoopo being the grandfather of the penny auction world, starting it all 6 years ago.

3-The plethora of sites, which saturated the market space actually peaked last year, as mom & pop styled sites popped up out of no where, and quickly failed to regress to whence they came.

4-The assumption of these larger sites have employees fraudulently bid against customers is baseless. Many of these sites lose money more often than making money, and rely on bidders (often whom are on non-affiliated forums, blogs and FaceBook) to get into heated battles, and drive the ended price up, with paid for bids.

Has there been fraudulent activity by sites in the past? Yes, but there has been less and less claims made of this, and by our measure the smaller sites which were operated out of their home were the biggest perpetrators of this crime. (We’ve busted many sites doing this, and forwarded all information to authorities). Lately, there just have not been plausible causes of this practice, and especially not from the larger sites.

Penny auctions are entertainment, NOT shopping. They have been branded “entertainment shopping,” and “competitive shopping” which means that there is a gaming/competitive requirement to win, or get to, the shopping component. I wish some of the advertising would change, to make this distinction more clear. If you do not already spend money on entertainment each week or month, penny auctions are not for you.

You stated that this “is a losing venture” linking to Kim Komando’s article. Isn’t every game a “losing venture?” Especially starting off? Do you win every video game, football game, or squash tournament the first time you play? Is “one winner” a new concept in games, or competition? Are not all contests, that have a monetary buy-in, “losing ventures” by this definition of only one party being the ultimate winner? (Think NASCAR, Golf, Poker, Football, Baseball)

I would be happy to discuss penny auctions with you over email, skype or a phone call. I look forward to hearing from you.
Nicholas Boccio,
Administrator of PennyBurners.com / PennyTalkRadio.com

Make no mistake. I’ve studied penny auctions well. No learning curve is necessary … some win, many lose. In regard to your comments, I appreciate your attempt to make me believe that penny auctions serve a purpose in finance, but they don’t.

To suggest that most penny auctions lose money from the site’s perspective tells me your interest in keeping up the penny auction trade. In time, penny auctions will cease to exist and I won’t see a bundle of television advertising for them. To classify this as “entertainment” is like to classify craigslist as entertainment. Call it whatever you want, it’s gambling with a rigged deck.

When people associated with the site bid up auctions, which you admitted occurs, how can it be deemed anything but a scam?

If you studied QuiBids, then why did you lie about the profit the site earned on the auction you cited? Why did you willingly ignore their buy-it-now feature, which by the way, removes any gambling aspect what so ever.

My interest is in educating people. This is disinformation, as you clearly have not participated in auctions at QuiBids.com, or even read about how their site works. I would never give a first hand account of how football works, without playing a few games, and knowing the game. This article is like the equivalent of that girl back in high school who knows all the right words, but none of their meanings when describing football.

Calling 100% of businesses in an industry a “scam” because less than 1% of them did something wrong is the definition of baseless. I ordered Valentine’s Day flowers from an online merchant, and they never came, should I claim that ALL online flower peddlers NEVER deliver flowers? Aside from saying it, should I also continue to spew such illogical fallacies on a blog that gets moderate traffic?

Please explain, or even do a blog on, how penny auctions are gambling. I am very interested in hearing your response to this, in specific.

-With gratitude,
Nicholas Boccio

Kinda sad to see how many shills are commenting in defense of their obvious scams.

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