Ranking of fair penny auctions
| fair penny auctions | Opinions | Status | Payments reported on FoxyRating | Payment Solutions | Entry on FoxyRating | Referral rate on sale | Delivery charges | Cheapest single offer value |
|---|---|---|---|---|---|---|---|---|
|
1 1 Zeeprice
|
6
| New | IIIIIIIIII | 14 years | 0% | 0 $ | 0 $ | |
|
2 2 Lucky Bids
|
2
| New | IIIIIIIIII | 3 years | 5% | 0 € | 0.01 € | |
|
3 3 BidRivals
|
5
| Scam | IIIIIIIIII | 13 years | 0% | 1 $ | 0 $ |
This kind of site was subject to controversy and is still sometimes now, including about their mode of operation, which are sometimes opaque. But since 2014 it has largely settled: the solution leaving the reverse auction as the auction site by private sale.
How does it work?
Each site operates atypical but in general the user must purchase a pack of virtual currency which will participate in the auction. Filed a bid means that if after so many seconds nobody outbids the lot is won.
Each time (always a sum equal: often equivalent to 1 cent) increases the price of the lot.
Besides the pack virtual currency to buy, the final price of the lot is of course the responsibility of the winner.
ééEverything is so good to be dosed winner: it should be a clever calculation between the money invested in the pack and that it will cost if you win an auction. With this in mind it is often advise waiting until the auction is scarce in time to start playing. Otherwise it's like throwing money out the window as it rarely happens that a lot parte quickly.
Some providers offer the opportunity to purchase the coveted losers in return for repayment of their investment on that particular lot object.
This ranking is therefore to identify sites where all is well in order to develop it but also to warn users about the thus offering decried service.