ZBiddy.com is a penny auction site where users can go to find popular, expensive items for much cheaper than they would in a retail setting. ZBiddy is very similar to other popular penny auctions, in that their bids cost users 60 cents a piece in order to raise the price of an item by 1 cent.
Generally, when assessing auction websites, the criteria you would use to determine whether or not they were a legit site would be whether or not the site functions as they say, and whether you receive the items you won in good condition and in a reasonable time frame.
Going by these standards, almost all penny auction sites would be considered legitimate sites and worth using. But, when it comes to penny auction sites, there are some issues that need to be considered further.
Penny Auction Complaints
Since penny auctions were established, there have been many complaints lodged against them for their set up. In no particular order, the most prevalent complaints are the following:
- The length of auctions, including the use of auto bidding features.
- Accusations of sites using bots to increase the item cost.
- Bidding on an item costs money whether you win or lose.
- Whether or not penny auctions should be considered auctions or gambling sites.
First, because every bid on a penny auction site extends the clock, these auctions can go on for hours, sometimes even for a day or longer. Penny auction sites added auto bidding features to try and stop this from becoming a serious drawback to using their sites, except that the auto bid features just contribute further to this problem.
Also, there seems to be an inordinate number of users suspicious of penny auction sites using bots to bid up the price of items. This can always be chalked up to sour grapes, but there is a vast number of users who complain that clocks freeze up right when they are about to bid, or that the auction closes out sometimes when there should still be time left on the clock.
There is no proof that these glitches come from dirty dealings, but the complaints about them just highlight the issues with having an auction system with a potentially never ending clock.
Finally, unlike standard auction sites like eBay, in order to place a bid on ZBiddy you must pay 60 cents for each bid in a set package of bids. This means that if you lose the auction, you end up losing money with nothing to show for it.
The situation of paying simply for the chance of winning has caused many people, both supporters and critics, to say that penny auctions are more like gambling sites than they are auction sites. Some people have no problem with this, while others are extremely upset that a website promoting itself as an auction site is more similar to a gambling site.
Is ZBiddy Any Different Than The Average Penny Auction?
Zbiddy.com is a little different than the average penny auction, but not all in a good way. For example, many, many users complain that they are not clear about the fact that they will charge you $159 immediately for signing up. You are provided with the bids for that cost, but there is no option to start at ZBiddy with another package.
In addition, if you quickly decide that ZBiddy or penny auctions simply aren’t for you, that $159 is non-refundable, so you really have no choice but to attempt to use the bids and hopefully get something out of it.
On the other hand, ZBiddy has the penny auction option, but they also have auctions where the bids increase the price by 10 cents, meaning that the cost of these items will rise far more quickly. This may work to bidders’ benefit because the price will rise more quickly to a realistic value, meaning bidders will have to invest less money during the bidding process.