Xbids.com is a online auction site promoting great deals on items bid for. You have to set up an account to be able to bid on items up for auction. The registration process is extremely vague regarding the amount of money needed to set up the account.
I personally thought the account setup was to register my info for a basic account profile. I was unaware money was actually being charged against my credit card ($75). I was thinking I was setting up a form of a Paypal account in order to actually purchase a bid item in out bid for.
After you realize you've just spent money to actually buy bids, you try to figure out how to recoup your loss. The bid process is very questionable. I never really figured out how long an item stays up for bid. I know I went through 125 bids (my entire $75 purchase) in about a half hour, with nothing to show for it. You can't possibly afford the chance to bid on items and endure the bid process without spending a boatload of money up front.
This site is really useless for the proposed purpose of auction bidding. You spend entirely too much money initially with no real chance of winning a bid.
The only winner is the site owner.
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