How can this auction site be so cheap?

Olly_Durwood · Joined: 03 Mar 2008 Posts: 8 Feedback Score: 0

Hi guys, I saw a Facebook advert for a new auction site this that has an introductory offer. You have to buy bundles of bids in advance and then place them on the auction you want to win. If you buy bids before the first auction ends you get 100% extra free bids, and there are bonuses for referring people. The items look good and I expect it wont be too busy at first – chance to steal a bargain while the site is young.

az4lyf · Joined: 01 Jan 2009 Posts: 92 Feedback Score: 1

There have been other sites like this before. I remember wanting to join, so after i did some research i found out that you loose out a lot more than you gain. This was a long time ago so i dont remember exactly what the trick is.

However, if its a new website then maybe ....maybe its good. though as far as i remember you are in a way playing against the site not other people so it does not matter that its "young".

brandmantra · Joined: 30 Dec 2008 Posts: 7 Feedback Score: 0

this is just a short term promotional strategy to enter the market.
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the803 · Joined: 25 Mar 2009 Posts: 6 Feedback Score: 0

I still don't understand these websites.

Wasabi · Joined: 17 May 2009 Posts: 23 Feedback Score: 0

I wouldnt really trust any auction websites other than like ebay.
Then again, ebay is getting really annoying with their like cuts into your profit : /

cupcake · Joined: 01 Nov 2009 Posts: 3 Feedback Score: 0

i've heard a lot of these websites are scams, you buy the credits for the bids and they run out before you can bid on them

coxie · Joined: 01 Apr 2010 Posts: 10 Feedback Score: 0

you never win on swoopo or low bid websites, i suspect they have bots that make sure you dont win