Recently there is a PennyAuction site developed by Malaysian. Not going to mention the site name here.

Why would I say beware of Scam? Here is some calculation that I want to show you.

The site selling bid by package. The cheapest bid is about RM 1.50/ bid.

Every bid you click on an item would increase the bid price by RM 0.01.

Imagine a Sony 32 inch LCD, the site has shown that price being raised to RM 30.00 +-.

Which mean you guys has at least paid RM 30 / 0.01 x RM 1.5 = RM 4500 to get the item!

SMS bid cost you RM 3/sms. Assuming 50% of bidder bid via SMS, you would have paid another RM 30 / 0.01 x 3 = RM 9000!

Do you think an Sony 32 Inch LCD worth RM 13,500 ?? (Market price would be RM 2000+ only buddy!)

Okay, you might think that I’m just jealous how much the owner have earn.

Think again…. what if they have set a AUTO BIDDER by their own. Whenever you bid, they will be the last bidder…. End up, the store could be an empty store because they dont expect to give you anything!

Try google “pennyauction”, you will see tons of sites selling the SCRIPT or even the WHOLE WEBSITE with TEMPLATE.

The Malaysian maid pennyauction is actually just another copy from there.

Okay, you said u saw many testimonials there? Erm… I seldom trust testimonial which is placed in the owner site, because it’s changed able.

Nowadays, you cant even trust the review on Internet, because many author are Pay to Write.

Just my 2 cents….think again!