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Idle Banter For non SV and non bike related chat (and the odd bit of humour - but if any post isn't suitable it'll get deleted real quick). There's also a "U" rating so please respect this. Newbies can also say "hello" here too. |
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30-09-09, 08:39 AM
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#1 |
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Guest
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Mad bid?
So i just saw an advert for www.madbid.com went on the website and theres auction selling ps3's and the like for stupidly low amounts...
to me something seems to good to be true, does anyone have any experience with this website? |
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30-09-09, 08:54 AM
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#2 |
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Captain Awesome
Mega Poster
Join Date: Jan 2007
Location: Hamble
Posts: 4,266
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Re: Mad bid?
"New Ford Focus, RRP: £14,945, Current Bid: £354.16, You save: 97%"
Yeah... Sounds legit... 
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Official "Dumbass of the Year" 2011 (•_•) ( •_•)>⌐■-■ (⌐■_■) Deal with it... Last edited by the_lone_wolf; 30-09-09 at 08:55 AM. |
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30-09-09, 08:54 AM
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#3 |
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Guest
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Re: Mad bid?
Something's deffo rotten in the state of Denmark here!
Why would someone auction £75 or £300 cash? http://uk.madbid.com/show/121863--75-Cash-EARLY/ http://uk.madbid.com/show/122033--300-Cash/ I would avoid this like the plague.... _____________________________________ Just seen the ploy! You bid in increments of 1p. So if something starts at 0p & 10 people bid the current bid is 10p. Each bid costs £1.50 whether you win or not. So for £75 cash, currently at £1.51, they've already got £226.50 (or £151 profit). Avoid like the pox as there's only one winner here! Last edited by Kinvig; 30-09-09 at 09:01 AM. Reason: Just realised the ploy.... |
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30-09-09, 09:01 AM
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#4 |
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Member
Mega Poster
Join Date: Jul 2006
Location: Sunny Croydonia
Posts: 6,124
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Re: Mad bid?
Its a great piece of business.
You have to buy the bids at about £1 each, but they only raise the bidded amount by 1p So, if 100 people bid on something the bid goes up by £1, and they make £100 profit. which means if they sell a £300 PS3 for £100, then they took in £1000, so made £700. So thats how it works. Is it a scam, probably not, but its borderline. Oh and if you look at the registration form they also farm your Mobile Number - they say its to send you confirmation of registration , but why not use the email address you are also asked for for that? Oh and if someone bids with less than a set amount of time left, the counter resets, so no sniping
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Sent from my PC NOT using any Tapatalk type rubbish!! █╬╬╬╬(•)i¯i▀▀▀▀▀█Ξ███████████████████████████████) Last edited by SoulKiss; 30-09-09 at 09:12 AM. |
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30-09-09, 09:03 AM
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#5 | |
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Guest
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Re: Mad bid?
Quote:
Hitler answer! |
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30-09-09, 09:05 AM
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#6 | |
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Guest
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Re: Mad bid?
Quote:
 well done that man, so thats how they make there money, where did you find it said that?
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30-09-09, 09:07 AM
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#7 | |
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Guest
Posts: n/a
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Re: Mad bid?
Quote:
_______________________________________ Edit: It's actually worse than that - everytime someone bids on an item in the last minute of the Auction End Time - the auction end gets another minute added onto it, so if you've got 2 bidders both trying to buy the same item they will continue to attempt to outbid each other. Jeez. Stupid people need only apply. Now, where's that 3D Pyramid scheme salesman.... Last edited by Kinvig; 30-09-09 at 09:13 AM. |
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30-09-09, 09:10 AM
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#8 |
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Guest
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Re: Mad bid?
Haha, can't believe i missed that, guess i will now go buy random rubbish on ebay where my bids are free
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30-09-09, 09:23 AM
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#9 |
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Member
Mega Poster
Join Date: Jul 2006
Location: Sunny Croydonia
Posts: 6,124
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Re: Mad bid?
I am SOO jealous of this site.
Wish I had thought of it...
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Sent from my PC NOT using any Tapatalk type rubbish!! █╬╬╬╬(•)i¯i▀▀▀▀▀█Ξ███████████████████████████████) |
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30-09-09, 09:31 AM
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#10 |
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Guest
Posts: n/a
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Re: Mad bid?
"
shinnanigans Aint there some one on here called that? |
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