I was fairly diplomatic in my earlier blog post about penny auction site grabaid. While it looked a bit sus, I’m wary of jumping to conclusions and calling something a scam when it could be legitimate.
I’ll not make this mistake twice.
Penny auction sites, which seem to be popping up all over the place these days, are little more than a scam. If you bid, you will lose. This includes, but is not limited to:
- grababid.co.nz (and .co.uk .com etc)
If you’re considering bidding on one of these sites, I highly recommend you read the following posts:
- Profitable until deemed illegal – Jeff Atwood
- Planetbid, Swoopo & bidding not to lose… – Dyland Bland
Don’t be sucked in.