ONLINE PENNY AUCTIONS: ARE THEY AUCTION, GAMBLING OR FRAUD?

Volume: 6 Number: 15 December 1, 2016
  • Abdurrahman Yılmaz
EN TR

ONLINE PENNY AUCTIONS: ARE THEY AUCTION, GAMBLING OR FRAUD?

Abstract

The increasing number of people who can access to the internet combining with the marketing strategies has increased internet shopping as well as created new types of it. There are some concerns about the “penny auction” internet sites claiming they are in fact a gambling sites rather than “newly emerging shopping style”. Unlike traditional auctions, a penny auction system generates most of its revenue from “bidding fees” expended by the competitors. With the “bidding fees” consumers buy the chance of buying a good in a big discount. While the winner is promised a “prize” in a gambling or in lottery the “penny auction” system names it “up o %89 discount”. Because of this, “penny auction” system mirrors the characteristics of “gambling/lottery” rather than “fun shopping”. In addition to this, if a “penny auction” websites deceives its customers on purpose with fake and false advertising in order to maximize its revenue, this can be regarded as a type of “fraud”

Keywords

Details

Primary Language

Turkish

Subjects

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Journal Section

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Authors

Abdurrahman Yılmaz This is me

Publication Date

December 1, 2016

Submission Date

December 1, 2016

Acceptance Date

-

Published in Issue

Year 2016 Volume: 6 Number: 15

APA
Yılmaz, A. (2016). “KURUŞ ARTIRIM” SİTELERİ: AÇIK ARTIRMA MI? SANS OYUNU MU? YOKSA DOLANDIRICILIK MI? Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi, 6(15), 23-36. https://izlik.org/JA35YD24HM

With the wish to be enlightened by the light of knowledge…

ODÜSOBİAD