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moloyo.com has a rating of 3.56 stars from 9 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with moloyo.com most frequently mention penny auction. moloyo.com ranks 11th among Penny Auction sites.
Highly recommend this site, customer service is outstanding. This is a young site, though, I can say from experience, auctions are carried out well, the look of the site is innovative & clean, & customer service is highest I've seen in the penny auction world. There is a forum implemented just for the users' take on how to change/better the site. The user data coming into the site is open to the public, displayed on a stats page, unique. -Quite promising.
After reading the reviews here on SiteJabber, I decided to give this site a try. When I went in I didn't find any actual auction information; I registered, thinking that they don't share this information unless you are a registered user. Still no auctions. The page that they provide has links for FAQ and a Wiki, but none of them are working. It looks as if it's closed down or something.
Moloyo is a new twist in the Penny Action genre. In this implementation, you can be either a buyer or a seller. Sellers but reserve amounts on their product, and then buyers bid like other penny action sites, buying bids but winning the auction based on the final bid price. If the reserve isn't met, the bids are returned to the buyer.
It looks right now like there isn't enough activity to support the model. What I have seen so far is a lot of bids where the reserve hasn't been met. I don't think I have seen a winning action. But, it is different.
Ok here goes, I have been an avid "Ebayer" for quite some time now both as a buyer and a seller. Recently I was turned on to penny auction sites & found Moloyo. I will admit at 1st I thought it was another typical scam and I was leary. I also have to admit that I was proven wrong! The site seems to be honest and up front, and the folks I have talked with that run the site are good people. Hats off to you Moloyo- job well done. The only con I can see right now is that it is rather new to the market & is dealing with some growing pains. That could effect your bidding on items with a reserve set until word gets around and the popularity grows. But the worst that happens if the item doesnt meet the reserve is that you get your bids back! Pretty cool in my book.
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