We hate seeing this type of news, but it looks as though there may be another scam in the penny auction world. This one broke on PennyAuctionWatch.com this week, and all the signs point to an illegitimate operation.
At first, there is nothing truly out of the ordinary. Loud graphics, lots of auctions, good variety. The penny auction looks like many others we’ve reviewed here. But doing a little digging, some of their advertising doesn’t add up.
Inconsistent closed auctions: On a top banner, WellBids claims to have facilitated some 386,000+ closed auctions. Yet on their ended auctions paginated index, it only shows about 17,000 (give or take). This is about 4% of their claim.
Odd blog: Their blog is supremely weird. Not weird like quirky, weird like suspicious. The entries are posed as if they’re written by users. Each entry has a similar outline. “I was skeptical, but tried anyway, and I won!”
Scam complaints: According to pennyauctionwatch.com and Scam Book, at least one person has won with no item to show, and has not had so much of an acknowledgement email from the company.
Overall outlook: This stinks of something fishy. Until you can gather confirmed reports of legitimacy, we recommend staying away.