madbid.ie

Squatman

has anyone used this website, the prices seem cheap, but it looks like a complete scam, the only reason id give it a second thought, is because i saw a tv ad for it!

http://ie.madbid.com/

Simi

Ocean finance has it's own tv channel. Does that make it any less of a scam?

fl4pj4ck

It's a grey area, but the only people who are actually winning are the website owners:
Criticism

http://en.wikipedia.org/wiki/Bidding_fee_auction

Due to the possibility of participants spending a lot of money and still losing an auction, or spending more than the retail value of the item they end up winning, some analysts have criticized the model or compared it to gambling.

Some bidding fee auction sites have been shut down by state governments after investigations. Wavee US, LLC, settled with the Governor's Office of Consumer Protection in Georgia and agreed to close its web site after the office received complaints about merchandise not being shipped in a timely fashion. Washington state shut down a site called PennyBiddr after a lawsuit in which the state accused PennyBiddr of using shill bidding to drive up prices and extend auctions. In addition, several auction sites which claimed to be Better Business Bureau "Accredited" were not members of the BBB or had poor ratings with the BBB.

Some Craigslist users have fallen victim to scams where a "seller" of an item on Craigslist refers would-be buyers to sign up for a bidding fee auction site. These sites then charge customers an up-front fee for a pack of bids and pay a commission to the scammer who referred a new customer to the site. The CEO of one site implicated in an MSNBC investigation blamed this behavior on rogue affiliate marketers.

Eathrin

Its a complete and utter scam, as far as I remember you pay €1 for a 1c bjd then the timer resets and if its dying the owners will put in a new bid.

nxbyveromdwjpg

Not this again

http://www.boards.ie/vbulletin/showthread.php?p=73635330

Davy

Not a BA

closed!