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WTH is beedzid.com?
auctionplug
Member Posts: 1,399 ✭✭✭✭✭
WTH is beedzid.com?
Yeah I know its kinda like e-bay and the mighty GB in bidding for various items [although I assume NOT those items on beezid] and the winner paying the ultra low winning prices. How it it possible to obtain these things so cheaply?
I cant imagine anyone here wanting to sell a brand new 30k+ mustang GT for $800.
So how does it work out selling items like that anyways; and if by some universe where GB does not exist can you set a reserve higher than .01?
Yeah I know its kinda like e-bay and the mighty GB in bidding for various items [although I assume NOT those items on beezid] and the winner paying the ultra low winning prices. How it it possible to obtain these things so cheaply?
I cant imagine anyone here wanting to sell a brand new 30k+ mustang GT for $800.
So how does it work out selling items like that anyways; and if by some universe where GB does not exist can you set a reserve higher than .01?
Comments
Bids are made by using "tokens" worth one cent each, making it look like you're getting an item for just pennies. However, each "token" costs one dollar. Do the math.
OUCH! So that guy who claims he got that Mustang GT for $800 dollars actually payed $80,000???
Do not walk. . .RUN. . .away from that site as quickly as possible.
Bidding on that site (and others like it) is not free. You pay for each bid you place. Search about them on the internet. Many people accuse them of being a scam and it seems like it's mostly a way to spend a bunch of money and never win anything
+1
I looked into them months ago and found alot of bad reviews. Some claim to spend lots of money just on bids and never win, someone outbids them at the last second every time.
someone outbids them at the last second every time.
sounds like ebay
each time you bid, you just spent a dollar. if you bid ten times on an item, your fees are $10. if you win, you own $10+whatever your top bid was.
so you bid on a playstation 35 times with your max bid being say 125 bucks. if you win it, you get the ps for 170 bucks. if you dont win, on some sites you have the option of applying your bid money to buying the same item at retail.
it makes the site money because they made all that money off the people who bid and didnt win, even though you ended up getting the item for below retail.
its not an outright scam in the way that selling a .75 inch round copper washed engraving of lincoln on one side and the lincoln memorial on the other for $19.95 is a scam. that being said, its not really honest and forthright business. if you're thoroughly and completely versed in the entirety of the operation, you can do ok. you wont retire early on your profits, but if you're dilligent you cant get a bargain here and there. whether or not you'll end up on the + or - side of the ledger after all is said and done is whollly dependant on how smart you are about the process.
it goes like this. you buy block of bids for whatever each individual site charges(lets say a dollar per).
each time you bid, you just spent a dollar. if you bid ten times on an item, your fees are $10. if you win, you own $10+whatever your top bid was.
so you bid on a playstation 35 times with your max bid being say 125 bucks. if you win it, you get the ps for 170 bucks. if you dont win, on some sites you have the option of applying your bid money to buying the same item at retail.
it makes the site money because they made all that money off the people who bid and didnt win, even though you ended up getting the item for below retail.
its not an outright scam in the way that selling a .75 inch round copper washed engraving of lincoln on one side and the lincoln memorial on the other for $19.95 is a scam. that being said, its not really honest and forthright business. if you're thoroughly and completely versed in the entirety of the operation, you can do ok. you wont retire early on your profits, but if you're dilligent you cant get a bargain here and there. whether or not you'll end up on the + or - side of the ledger after all is said and done is whollly dependant on how smart you are about the process.
the auction time continually resets as long as someone is bidding too...
quote:Originally posted by legear
someone outbids them at the last second every time.
sounds like ebay
I love that about ebay!!! got some screaming deals sniping an item...not my fault someone doesn't set a high enough bid, they obviously didn't want the item that much.