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Online shopping, since the arrival of penny auction has become the truest blend of fun and excitement. It has benefited people who love online shopping and enables them have chance to buy their favorite products under minimal charge. Thus, penny auction is one of the best online platforms where buyers have chance to purchase goods which are relatively cheaper than those being sold in offline market. Unfortunately, purchasing goods through penny auction sites has now become a potential danger. There are many fraud live auction sites involved in illegal auctioning practices and swindle money from legitimate customers. Given the importance of penny auction sites on the internet, there have come many malicious websites which are involved into dishonest business practices and swindle money from customers. Even customers don't have idea about such sites and they invest money on them and eventually suffer huge financial loss. There are some internet techniques used by such live auction websites by which they swindle money from legitimate bidders. Shill bidding is one of such dishonorable practices adopted by fake penny auction websites. According to this practice, the live auction owners, with the help of their friends and employees unlawfully promote bidding wars with genuine bidders. Consequently, the practice leads to abetting hikes in sale of items auctioned thereby giving the site owners chance to extend bidding time to collect more paid bids accordingly. Another illegal practice known as bidding bots involves creating automatic script into the penny auction sites to create false users accounts which they use in fake bids. For legitimate bidder, it appears that they are bidding against another person. With easy accessibility and chance of winning many fantastic prizes, have made live auction site an irresistible delight for many people. This has consequently resulted dominance of several live auction websites including those that run their business unlawfully. Most of such sites don't provide delivery of the items won by bidders. Another malpractice adopted by fake penny auction sites is that they infringe privacy and confidential information about registered users such as their debit and credit numbers. Many people naturally get attracted to those newly created live auctions sites just for the purpose of winning prizes and goods by low cost. They don't consider their backgrounds and don't dig out some relevant inputs regarding the websites. What they think is to win prizes. Further, these fake penny auction sites with their fabricated advertising campaign create such illusions to customers that they believe them honest and trust worthy. They hand over all confidential information including debit and credit cards information to such sites. Since, these
sites don't make lucrative growth on the internet, safety related to infringement of debit card or credit card information to third parties always remain under question. To avoid such live auction scam, you should opt for site that allows its users to use PayPal. By following certain penny auction strategies, you can avoid penny auction scam which is abetted by fake sites. http://www.Bidwat.com is one of the most reputed live auction sites with strong market reputation as providing spam free auctioning service to users.
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