"The purpose of our penny auction rating system is to give people the tools they need to avoid questionable sites," continues Spry. "There are definitely reputable sites out there. The problem is that there are a lot of bad sites that can ensnare bidders.
(PRWEB) January 25, 2012
PennyAuctionSites.com recently released a rating system that allows bidders to rate penny auction sites based on several criteria. The ratings are updated in real time and serve as a helpful guide - and in some cases, a warning - for other bidders.
The penny auction industry has attracted substantial criticism for numerous reasons. Some of the negative commentary is directed at actual scams. Many sites are launched with scripts that populate auctions with bids submitted by "shill bidders" (automated programs). Other sites fail to ship the items won by bidders. Much of the criticism also stems from confusion about how the sites work.
The new rating system at PennyAuctionSites.com was designed to help bidders avoid scams, and identify the most trustworthy penny auctions based on others' feedback. Visitors can review positive and negative comments left by those who have used the sites in question. They can also see ratings in specific categories, such as customer service, shipping speed, and auction volume and variety.
"The penny auction industry has needed a legitimate review service for a long time," said PennyAuctionSites.com founder Jason Spry. "Our bidder rating system gives bidders the power to highlight key features they like and dislike about the auction sites they use. That helps everyone."
Those who are familiar with how penny auction sites work typically enjoy the experience of participating, and continue to do so over time. They have realistic expectations about the bargains they'll find. The challenge is weeding through the hundreds of questionable sites in the industry to find those that are safe, reliable, and accompanied by a longstanding track record. The bidder rating system at PennyAuctionSites.com aims to streamline this process.
Each comment is time and date-stamped so visitors can observe trends. For example, if bidders begin to leave poor reviews for a once-popular site, others will be forewarned. The reviews and ratings will serve as "red flags" regarding possible problems (slow shipping speed, lack of support, etc.). Conversely, those who use the bidder rating system will learn of little-known penny auction sites that are quickly gaining momentum.
"The purpose of our penny auction rating system is to give people the tools they need to avoid questionable sites," continues Spry. "There are definitely reputable sites out there. The problem is that there are a lot of bad sites that can ensnare bidders. Our system helps to resolve that issue."
The key features of PennyAuctionSites.com's bidder rating system include:
- actual bidders can rate sites in 9 specific categories
- each bidder's individual ratings are attached to his or her comments
- top-ranked lists can be created for each category
- bidders can leave detailed comments about the sites they have used
- reviews, both positive and negative, are date and time-stamped
- rating system is updated in real time
PennyAuctionSites.com is fully committed to delivering high-quality information and advice about the penny auction industry. The site provide detailed penny auction reviews, bidding tutorials, and site-specific bidding strategies. Visitors can also receive a free newsletter with additional tips and news.