Plundr.com Review Is It a Scam
Another day another Penny action website, It seems as though a different penny auction arises every single day with a new name. As soon as one shuts down two more pop up. Plundr.com compared to other Penny auction websites i’ve seen actually has lower bid prices which makes some people wonder if they’re using bots. I’m personally not a fan of penny auction websites. Unlike most people who write reviews about penny auction websites i’m not here to refer you to my favorite Penny auction website instead I will inform you how these penny auction websites work from my perspective.
Non Refundable Credits
There’s a few things to know about penny auction websites. The first thing is that the Penny Auction website is the owner of the goods being auctioned off. Unlike eBay or Amazon where there are different vendors selling items, Penny Auctions are like online stores with a marketing gimmick. The marketing gimmick is the auction they place items on their website for cheap and make it appear to the consumer that it’s real easy to win. That being said the consumer will usually purchase a bid pack.
In the case of Plundr.com used credits can be used towards the retail “buying it now” price. Which should make the marketing plan of Plundr.com more transparent to people. In any auction website remember there can only be one winner. There are way more losers than winners in Penny auction websites. That being said lets do some quick math although the price of a desired item only increases by a penny the amount spent by a user is actually in the case of plundr.com 0.50. That being said all a person has to do is watch the amount of bids being placed to understand the amount of money a penny auction website makes.
Is This Fair To the Consumer
If you go into a penny auction website with the same mentality you would a casino which is basically to just have fun then give Plundr.com a try. Otherwise don’t waste your money or don’t waste your time. Did you know if you are winning to much at a casino the owners of the casino can tell you to leave… Well the same thing goes for penny auction websites the owners of the penny auctions have full control over of their website. They can shut it down when they want they can re-open it using another name if they want.
I personally feel as though penny auction websites make sense only if you’re the one who owns it. Penny auction websites are both costly and time consuming so if you’re going to sign up my advice is to do it because you want to have fun. I don’t feel as though penny auctions are in anyway fair to consumers. I think the idea in itself is a good idea for the owners, but i would personally never join one as a member, if i am going to gamble it will be for money not for electronics or gift cards? on that note if you want to sign up for Plundr.com don’t let me stop you just don’t say i didn’t warn you my advice is don’t get involved.
Please share experience or thoughts regarding Plundr.com by sharing you help others in their decision making process
Great post.
Perhaps I can just add to this that the best way I know to guard against being ripped off by online sales or auctions of any kind, Craigslist and eBay included—and whether seller or buyer—is to use a *bona fide* online escrow company. Especially for pricier items like antiques, jewelry and autos. Although it does add some cost, it takes the uncertainty out of the transaction, and that’s a small price to pay for peace of mind.
For my money, the best bona fide online escrow (and there seems to be ten fraudulent escrow sites for every bona fide one) is probably Escrow.com. In fact, it’s the only one that eBay recommends, and is the only online escrow company that is licensed to provide escrow services all across the United States.
PS. For more information about avoiding online scams and frauds, go to Online Escrow at WordPress.com
Just don’t do it. There’s no way to “win” the items unless you have a bot and keep bidding. the bidding never ends! Save your money. And there’s no refund of the prepaid bid cost. $75.00 to buy in and then no end to the bidding is not cool. Don’t waste your money.
It appears no one understands the value of each bid. I was watching a bid for a 10 pc cookware set and the current bid was $16.60. Pretty cheap for that product, however that relates to 1660 bids worth an average of $.50 a bid. That means plundr.con has gotten $830 so far and the bidding hasn’t stopped yet. If the LCDTV’s go for $150 (a great buy) plundr.com get $9000 for the TV. The price when the time was at 15 seconds was $4.71. With only being able to bid one penny per bid, it is going to take 16 hours to get to $150 at 15 seconds per 1 cent bid. Sounds exhausting to me.
Why not wait until the last minute or several seconds to bid at all. Just like ebay, there is no need to bid early if it is timed. Just sit back and wait until the end and then bid away. Am I missing something here?
I’m relatively new to the site (a few weeks in) and I am getting a little frustrated. I have won a few bid packs for extra bids but something feels wrong. For instance, I would be bidding against one person and the exact second I clicked to bid the same one person “clicked” too and bid over me. How would this user know I was going to bid a fraction of a second later? They had no reason to bid at all because before I bid they were winning. I suspect fowl play…
Vito, that’s exactly what people do, they wait until the end to start bidding. The only problem is every bid adds 15 or so seconds to the auction time. One good thing is after the time goes below 30 sec it stays below 30 no matter how many bids. But if you’re bidding on a popular item you could be there for hours watching the timer count down to 2 or 3 then up to 30.