Beezid.com
Beezid.com is legal, but it is somewhat of a scam!
- 12-28-2009
- 26
This beezid.com is legal I guess but it is somewhat of a scam. One example is they encourage you to use what they call autobeezid where the computer will automatically bid for you. You have a start bid # and a bid to #, then a place to put number of bids. The way it's set up you would think that if you put $10 in start box and $20 in the bid to box and 10 for the number of bids that it would raise your bid by #1 at a time but not so. If count down clock gets down to 1 sec from someone else bidding then your bid raises the bid by 1 cent. Now if someone else picks the same range that you have picked (a good possibility because of lots of bidders) then your number of bids will be gone in the blink of an eye, it doesn't wait for the clock to count down to 1 sec every time. The instructions don't tell you this.
The way they make their money is that you have to purchase bids in packages of bids. The cheapest packages you wind up paying about 60 cents per bid and the highest priced ones are 80 cents. Lets take an example of bidding on a $50 gift certificate from Wall Mart. Lets say someone bought it for $3.58 which would amount to 358 bids at 70 cents per bid, so they would get $250.60 for all the bidding plus the $3.58 from the LUCKY bidder.
Lets take another example of a laptop computer they claimed sold for retail at $849 and a bidder bought it for $42.22.in this example there was 4222 bids at 70 cents per bid (the bid price can be from 60 cents to 80 cents depending on the package you buy) for their intake of $2955.40. I use 70 cents per bid as an average. So in the computer example they got $42.22 from the winner plus the $2955.40 from all the bidding.
The bidding is in 1 cent increments so you can multiply whatever the dollar amount is by 100 to get the number of bids per item.in the above examples $3.58 x 100 equals 358 bids and $42.22 x 100 equals 4222 bids.
So yes you might get lucky and buy something very cheap but I went through 100 bids and never got ANYTHING, so you be the judge.
Company: Beezid.com
Country: USA
Site: beezid.com