DealCent.com is a penny auction website that claims to sell brand name, factory sealed items at up to 95% discount, including in demand electronics like HD TVs and iPads.
Penny auctions are becoming more and more popular, with new sites and new users popping up everyday. Especially in a tough economy, the idea that a new TV or computer could be purchased for a fraction of the price is very attractive to people.
But if you have never used a penny auction website, you should know that there are many differences between penny auctions and regular auctions that new users should be aware of before they bid.
What to Know About Penny Auctions
First, every bid you place during a penny auction costs money. Bids at DealCent.com range from 50 cents per bid, if you purchase the largest bid pack of 500 bids, to 70 cents per bid if you purchase the smallest bid pack of only 75.
This means that if you lose a penny auction, you lose money as well. Because of this, many people have said penny auctions are more like gambling than like a traditional auction.
Another important difference is that every time a bid is placed during a penny auction, the clock is extended by a certain amount of time. This means penny auctions can go on for much longer than traditional auctions.
Make sure you have the time to participate; otherwise you may have to walk away from an item you have already invested a lot of money in.
More Concerns About Penny Auctions
With the large number of penny auction websites online, there are a wide number of complaints and issues that have arisen. These websites have been accused of everything from having bidding bots to raise prices to auctioning off merchandise they don’t actually have.
Before you commit to any penny auction website, you should search online to see what kinds of problems their customers are experiencing, if any.
What About DealCent.com?
DealCent is a very standard penny auction website. Whether or not they provide good customer service or have issues with merchandise delivery has not been established.
However, if you win an auction at DealCent.com and need to request a refund for any reason, you must do so within 7 days of receiving your item. DealCent.com will refund the final auction price you paid for the item, but the cost of the bids will not be refunded.