Pennygrab.com Review – Is Pennygrab Legit or Scam?

 

 

Pennygrab.com Review – Is Pennygrab Legit or Scam?  

 

The Pennygrab.com review shows that this is another penny auction site. Penny auctions are billed as entertainment shopping for a reason. You pay up front to bid! Each bid increases the auction by one penny. At pennygrab.com the cost of each bid is $.75 which means you LOSE $.74 on each bid. 

 

Penny auctions are an exciting way to shop. You can grab some real bargains up to 90% off of retail in some cases. Penny auctions are called entertainment shopping because there is some element of chance to the bidding. It really has nothing to do with skills. While there are deals to be had at just about any penny auction, most people prefer using a service like Auctionresource.org for find deals online. 

 


Here is How it Works
 

 

Registration is free but to participate in the auctions you have to buy bid packs. To get started expect to spend around 15 dollars to get a minimum number of bids. Basically penny auctions work like any other auctions. You find an item that you are interested in bidding on and place your bid. 

 

Penny auctions are a bit different in that each time a bid is made the clock is reset by another 10 seconds. This resetting of the clock can go on indefinitely. It can get a bit frustrating and it can help your bids fly out of your hands. 

 


Some Things You Should Know
 

 

Most penny auction sites offer bonuses in the form of free bids to register. Pennygrab.com does not offer free bids or any other incentive for joining up. This is a bad idea on their part. There is a lot of competition in the penny auction field and offering freebies is a great way to get people interested in a site. 

 

You also should know that like any penny auction you are going to lose some money. Oh sure you can save some money IF you win, but don't gamble with what you can not afford to lose. 

 


The Site
 

 

The site was well laid out and easy to navigate. I found the answers that I was looking for quickly and easily. As far as penny auction sites are concerned this was one of the easiest to use. They do offer a buy it now option that is nice and that you can use losing bids to help purchase but you will still be paying close to retail on the item. 

 


Inventory
 

 

Penny auction sites are notorious for offering slews of items that are not really worth much, like gift cards and offering a few high dollar items to get your interest peeked. I hate to say this but this site does not impress with their inventory. 

 

This is an ok site. The bids are a bit higher than industry standard and you really do not get anything in return for the extra amount you are paying for the bids. There are other sites that you can use that will offer free bids for registering and the bids are actually cheaper on these other sites. 

 

Subscription Price: $0 

Number of Items: hundreds 

Geographical Location: Nationwide 

 

Overall, the Pennygrab.com reviews show that this is a legit site and is not a scam, however most people prefer using a service like Auctionresource.org for finding deals on big ticket items.  

 

 

 

 

 

 

 Reviewascam.com