Has anyone ever heard of a site called Pennyburners.com, it seems like a scam I just want to know if it is?

Penny auction sites are not really auction sites. They are expensive entertainment. With these sort of auctions, you purchase bids (which can range from forty cents to a dollar each). The basic premise is that a product is on "auction" with a set time until the game ends. A the end whoever is the bidder wins the product at the price of the bid. The bid will start at something low and go up by a small increment every time somebody bids. With many of them, the time goes up by some number of seconds also. To make them more maddening, if a bid is made in the last 10 seconds, the time is extended by another increment. The real problem with these sites is that they are a great disservice to the customer. If you want to throw away money by bidding on them, have at it, but don't enter bids with the expectation of ever winning anything. The only clear winner in these schemes is the seller, the site itself. They collect an incredible number of bids before the game ends, and could more than afford to just give you the product at that point. On a television I looked at recently, the site gained about $5000 due to bids, and the tv finally went for about $600. It was a bargain for the winner (maybe) but a LOT of other people along the way spent tons of money without any return. I wouldn't play any of these, but if you must, don't bid at all until the very last second. Only bid when there is very little traffic. You may find you will be able to grab the product if the game ends sometime in the middle of the night when everyone else is asleep. Be aware that this is a fleeting time, as the US has time zones spanning 6 hours. Hawaii is 6 hours behind East Coast, though a lot of these places won't ship big things to Hawaii due to the cost. Oh, that brings up another thing. Most of the sites also charge you for shipping, even after all the money they've made. Most of them aren't illegal, but some do border on illegal practices. A place called PennyBiddr got nabbed by the Washington Attorney General, and I wouldn't be surprised to see more of these actions as time goes on. Remember, these aren't really auction sites, they are ENTERTAINMENT sites. If you are entertained by watching the action, fine, just don't get caught up in the excitement and spend the grocery money...

Penny auction websites make money, remember you have to buy the bids first before you can use them for a CHANCE to get the item. This doesn't mean that you absolutely won't win. But watch carefully on the winners, esp. pennyburners.com's websites they promote. Some winners win the auction either ridiculously low or they win them for more then what the item actually costs in a retail store. SCAM! All of the sites it promotes are SCAM sites. I wouldn't doubt it if all of the ones it doesn't promote are scams also. Like what the one guy said, just wait until the items go on sale in a store then buy them. If you want to chance it with the penny websites then definately don't choose the ones that pennyburners.com verified and didn't verify. hope this was helpful.

I like Donald's answer, dude stay away from that site its a SCAM! Not even kidding bro there is a website called ripoffreport.com that has a few reports of this website. The name of the dude is Nicholas Boccio, hes the site owner. I'ts run thru godaddy.com, whois.domaintools.com has more info about him.