Penny Auction craze is taking America by storm. However, market research suggests that over 90% of penny auction website users are often unaware of what they are getting into.
Online PR News – 10-June-2011 – – Penny Auction craze is taking America by storm. However, market research suggests that over 90% of penny auction website users are often unaware of what they are getting into. Especially since the penny auction industry has recently been plagued by scams. With a view to address this lack of information and help fellow Americans make intelligent decisions, a new website with reviews on Penny Auction was launched in the month of May this year.
“There are increasing numbers of Penny auction users who are getting scammed by these online penny auction websites and getting the right information about these websites is crucial for users. With our new site, we offer a dynamic way for readers to filter through the good and bad penny auction sites that have in recent time mushroomed all over the internet. “Says John Smith, Founder of Penny Auction Reviews The founder of Penny Auction Reviews, John Smith says”There are a growing number of people who use Penny Auction. More often than not, they get cheated because a majority of these penny auction sites are online scams. There is an urgent need to educate users about the right methods by giving them adequate and correct information and out website is an attempt made in this direction to help people filter the good, the bad, and the ugly websites that are growing like crazy in the market today.
According to Smith, This Penny Auction Reviews website is the only site that is impartial in its reviews, and offers in-depth real life reviews covering all currently operating penny auction sites. John and his team signs up personally to these penny auction websites and use them extensively for over 3 weeks before writing an in depth review of these penny auction websites
There is little or no information on the 100 or more online penny auction businesses that operate through these websites. An astounding 70% of these penny auction websites are online scams with their operating agencies based in the United States and Canada.
The concerted efforts of John and his team are geared towards updating their website pennyauctionsreviews.com with reviews and information on a number of penny auction websites and he strongly recommends reading them before signing up.