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Bidpigs has a rating of 1 stars from 1 review, indicating that most customers are generally dissatisfied with their purchases.
I went to this site because of a few good reviews here on site jabber. I'm not at all thrilled with Bid Pigs. First of all, you have to pay just to bid. I purchased one of their discounted bid packages for $30.00 which gave me 50 bids. Each bid cost me $0.60. I decided to bid on something and had to continually bid because someone had automatic bids on this item. I ended up spending over $15.00 in bids, not counting what I would have had to pay for shipping of the item, to receive a $25.00 retail item I could have purchased locally without shipping and I STILL hadn't won the bid. I calclulated the odds of me winning this item for just a bit less than retail and it just wasn't worth the stress of continual bidding.
Since I had already wasted $15.00 or more on bids and having nothing to show for it, I ended up using the "Buy Now" feature for the item. I didn't lose my $15.00 but, between what I paid for the item and its shipping cost, I ended up paying more than the item was actually selling for at my local stores. Calculating this, I paid almost $28.00 for an item that retails for $25.00. I was a few dollars in the hole instead of $15.00 in the hole and nothing to show for it.
I am not sure if this is the intention of the site owners. Also, I'm a little suspicious of the 'bidders' who are bidding so highly on things.
The purpose of a penny auction is to buy things for pennies on the dollar. It doesn't seem to be working out that way for most.
Also, there are so few auctions, maybe 3 a day. Some of the items are good but others are meh. I don't think this site will last too long.
I MUCH prefer ebay. I can bid there and if I don't win anything I don't have to pay anything. I can get a much better value over there.
Answer: All penny auction sites are scams. You might as well be playing craps in vegas as at least then you can get a comp room when you lose your money. In an auction, you only pay money if you WIN. In these penny auctions, you pay money when you LOSE. That my friends has a word... gambling.
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