After reading how a penny auctions work, and after reading all the tutorials at their site, on what to expect "These auctions are high risk/high reward and they should be treated that way" (http://tinyurl.com/28eqfy6)... I enter a bid expecting to pay if I have to the full price on the product that I wanted... The problems was that I ended paying $333USD for a TaylorMade R9 Driver, that the Manufacturer (Taylor Made is selling at $299. The Value price for this auction was $399, $100 more than the actual price that all the respect seller are selling them. When I ask for my money back, or at least consider the possibility to refund the overprice paid ($33USD), they answer "if you would like, you can return this item for the transaction price... Erik QuiBids Customer Support" this money will be $16.48. So I had to swallow my loss and accept my error on trusting this company,. When I ask for the product even after is overprice, they answer "I spoke to the vendor concerning this order and it appears this item is on back order. I apologize for any inconvenience this causes. Sincerely, Carly QuiBids Customer Support". Once again. All other respectable sellers have them on regular 5. Day delivery time. I ended buying from golfsmith.com the same driver, received 5 days after and I pay $299. As for the driver "won" in the auction, Im still waiting from this despicable company to ship it, so I can sell it back and recover some money... If some one is planning on trying penny auction, I´ll urge you to use your money some other site.
This is the auction http://tinyurl.com/2a2c9ko, and this is the price from a trully respectable company..