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Penny Auction sites are everywhere on the web now, but for almost every one there are two or three sites or threads talking about how the site is using some kind of scam. In addition, if you search around for a list of defunct Penny Auction sites, the list is probably longer than the list of active sites. It is valid to wonder whether these active sites do indeed need to bend the rules to stay alive and be successful. There are some new penny auction sites, like BunPig.com, who are heading into market pledging 100% transparency and honesty, and they are a living test of whether the white hat approach can work. If they fail, it is worth wondering whether any surviving site is trustworthy.

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