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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.
Louis M.'s review of moloyo.com earned a Very Helpful vote
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Highly recommend this site, customer service is outstanding. This is a young site, though, I can...
Ok here goes, I have been an avid "Ebayer" for quite some time now both as a buyer and a seller....
