Penny auctions are still a popular way to get items at a reasonable price. The auctions have suffered after website fraud and auctions that just conned people out of their money. However, these times are in the past and penny auctions are slowly recovering. Unfortunately, the problems have a negative impact on the risk of businesses and for this reason,...
Penny auction sites have not managed to recover from their downward spiral in 2011 Big name companies started leaving the scene, as well as a few scams that ripped off consumers, making them cautious of the penny auction scene. However, this is great news for those people who still use the sites, there is reduced competition meaning better results and...
Penny auctions have seen a decrease in their popularity due to the potential fraudulent activity which some of these sites were choosing to participate in. Some penny auction sites have stood the test of time, and have moved forward with the business concept. Looking at ways to ensure their customers have the correct information and the process involved in winning...
