I ran a across site and was wondering if anyone had ever tried it out. Anyone know any good or bad about it. I think it is run by someone in Austin. I's a weird way to bid on stuff but it may be on the up and up. Who knows???

If it sounds to good to be true, it is! I know the one that is on the TV all the time is under investigation.

You have to buy bids to place on items. Read up on it in google. It's more of a gamble then an auction. You can buy the stuff for pennies alright. But that $24.95 winning bid might have cost you $600 in fees.

Example:

I bid a penny on a gun. I had to buy that penny for 50cents from the site. Another person bids. So I place another penny down that cost me 50cents....and so on.

The gun ends after a auction that only stops when NO MORE BIDS ARE PLACED within a time limit. It ends at at 67cents. The 50cents I placed, ran me $500 having to buy penny "bids". Trying to out bid someone else.


You can get guns for cheap alright. As long as nobody else wants the same gun.

So you register you buy bids for like ten cents for 250 bids and you bid on a item?? I was curious so just watched the bids for a little bit and if I understand this right someone bought a glock for 13 dollars.... There has to be a catch somewhere and nowhere does it state in the terms how you receive the item where it comes from, who owned it, if it actually works or anything

Sounds a little strange

Everytime you bid you are paying, albeit not much, you are still paying for items that others end up buying. On ebay only the person that wins the item pays up. Here the items sell for pretty cheap, but how many items will you have to bid on before you finally win something.

Like someone else mentioned, more like gambling or a raffle.

I'd prefer to pay full price for an item that I want, than to spend $10 here and there and never win anything.

Ive tried it once. Every time u bid u pay. So if the bid is 10¢ and u bid 11¢ u pay those 11¢ and wen the bids get higher u still pay. Its only good if u stay in it to win. If u dont win u just paid to lose. The seller can make a lot of money this way. Do the math and u will see.

ive done a little research and this is what i figured.... so you join and pay $45 for 50 bids and so on, you find a item you want to bid on and you start bidding lets say the bid ended at $50 and you won but you used all your bids to get it so now you have paid $45 for bids, $50 for the item, $50 to ship, and your not a ffl dealer so it has to ship to him and he charges another $50 fee, the gun cost you $195 dollars. which may not be bad if the gun retails for over that but i knew there was a catch somewhere lol. The guns are new is what they say, but idk if its actually worth it my example is if things go good you could spend a whole lot more...

I've looked at that a couple of times. Seems kinda like Vegas, you pay to play and sometimes you might win.

EXCEPT, each of the 50 bids you get for $45 aren't $1 bids, they are $.01 bids. So to get to the $50 purchase price, you have to have 5,000 $.01 bids. If the bids are 50/$45 then the cost of those 5,000 bids is $4,500. If 100 people are bidding on an item and they all bid the same amount of times it would cost $45 a person to bid on the gun. One person would buy the gun for $45, but 99 people would be out $45 just for bidding. If few people are bidding on an item that sells for $50, the cost goes up exponentially.

this was how I understood it ( buddy who used a similar site to buy some electronics)

bids go up by 1 penny at a time but a penny bid costs say 10 cents.

so say you win at the last second with a bid of 121.27 on a gun your out what ever you spent on the bids you used and have to pay the final ammount 121.27 plus shipping and transfer. sure it could work out in the end but im not gonna try.