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
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
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 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
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
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.
Number of Items:
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.