Total scam for sure. They use fictitious bidders who keep pumping up prices and it costs 61 cents for every penny increase when you bid.
Stay FAR away from that website! I researched them about a month ago and they’re definitely NOT a legit and honest business.
Clarification: The fictitious bidders are either employees that get paid to keep pushing up the bids or robo-bidders that are built into the website’s program. And numerous people have complained about problems with the countdown timer on the auctions. Either it gets a fresh robo-bid right before it times out or it freezes and the auction simply disappears (with no refund) or one of the fictitious bidders is on to win the item and the clock immediately dumps to zero and they win it.
I’d assume most if not all penny auctions use fraudulent means to maximize their profits in similar ways.
Caveat Mother-f’in’ Emptor! Fo Shizzle!