Anyone familiar with this site? They brag absolutely ridiculous auctions won (XPs for $3.00, MP5 .22 for $4.70...really?!?) with no explanation of the "catch". It looks like you pre-purchase quantities of "bids", and I assume you exhaust them trying to win. But the Winner's List had prices that made no sense.

 

Has anyone here gone on?

This place gave it a 0% on a trust scale:

 

http://www.scamadviser.com/is-outlawbidder.com-safe.html

Each bid costs money. So, the seller makes money off the bids as does the site. If each bid costs a dollar and the seller and site split that and the auction goes to five dollars, that's 500 "penny" bids at a dollar a piece. 250 dollars to seller and site.

 

I probably screwed up the explanation, but I'm hoping you can extrapolate my meaning.

 

C

So you burn through $500 worth of "bids" to win, even though the actual auction might look like only $5.00 won the penny auction.

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Probably just like bidgunners.com. the biggest catch is that as the clock ticks to under a minute, each bid thereafter adds anywhere between 5 and 25 seconds onto the auction. So it becomes a test of futility between the people willing to bid until the others give up.

So you burn through $500 worth of "bids" to win, even though the actual auction might look like only $5.00 won the penny auction.

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Exactly...There are quite a bit of the so called "penny auction" sites around now and they all rely of the fact that some people get so caught up in the excitement and rush of the bidding that they forget that even though their bid is for penny's, it sometimes cost them quite a bit more than the item costs in a store.

So you burn through $500 worth of "bids" to win, even though the actual auction might look like only $5.00 won the penny auction.

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Yup. They ain't lyin' as the auction is won for 5 bux. The only folks that make out on sites like those are the site owners and the seller(maybe),

 

C