New auction site
09-02-2010, 09:15 AM
#11
Member
Join Date: Jul 2010
Location: Ohio
Posts: 97
I went to the website but did not find the tutorial. I'm not sure I like the idea of loosing my money if I loose the auction. What's up with that? Not for me.
Originally Posted by stewyscrewy
it takes a wee bit of getting used to. There is a tutorial on his website that can explain it a whole lot better then I can.Yes you have to purchase bids and each bid counts towards the price of the item and if you dont win the actual bid the funds you spent on bidding can be used towards the pruchase of said item. if not then you lose out on your fundings. like i say read his tutorial it realy helps.
09-02-2010, 09:48 AM
#14
Power Poster
Join Date: Jul 2008
Location: Northern Indiana
Posts: 20,306
Just my two cents worth BUT :
1- Not all the fabric has sizes or types
2-even thought you prepay for your "bids" you have to jump thru hoops after you "win" the auction or forfeit your money and item
AND the biggie for me : You grant them irrevocable access to your paypal account :shock: I don't even give that to my children !
This is truly a case of buyer beware
1- Not all the fabric has sizes or types
2-even thought you prepay for your "bids" you have to jump thru hoops after you "win" the auction or forfeit your money and item
AND the biggie for me : You grant them irrevocable access to your paypal account :shock: I don't even give that to my children !
This is truly a case of buyer beware
09-02-2010, 09:55 AM
#15
Super Member
Join Date: Mar 2007
Location: Central FL
Posts: 4,829
Originally Posted by stewyscrewy
it takes a wee bit of getting used to. There is a tutorial on his website that can explain it a whole lot better then I can.Yes you have to purchase bids and each bid counts towards the price of the item and if you dont win the actual bid the funds you spent on bidding can be used towards the pruchase of said item. if not then you lose out on your fundings. like i say read his tutorial it realy helps.
09-02-2010, 09:57 AM
#16
Power Poster
Join Date: Oct 2009
Location: Idaho
Posts: 11,375
Originally Posted by sharon b
Just my two cents worth BUT :
1- Not all the fabric has sizes or types
2-even thought you prepay for your "bids" you have to jump thru hoops after you "win" the auction or forfeit your money and item
AND the biggie for me : You grant them irrevocable access to your paypal account :shock: I don't even give that to my children !
This is truly a case of buyer beware
1- Not all the fabric has sizes or types
2-even thought you prepay for your "bids" you have to jump thru hoops after you "win" the auction or forfeit your money and item
AND the biggie for me : You grant them irrevocable access to your paypal account :shock: I don't even give that to my children !
This is truly a case of buyer beware
09-02-2010, 10:32 AM
#17
Power Poster
Join Date: Jul 2007
Location: Out searching for some sunshine :-)
Posts: 58,856
This site sends up many red flags for me!! I think if it seems to good to be true, it usually is a scam of some sort...
IMHO I think it needs to be investigated a little further...
IMHO I think it needs to be investigated a little further...
09-02-2010, 10:46 AM
#19
Senior Member
Join Date: Dec 2009
Location: Twin Cities, MN
Posts: 624
There is another penny auction site like this, I can't remember the name off the top of my head though. Basically, you buy "bids" for $0.60 to $0.85 per bid, you then bid on an item, and the price goes up by a penny. If you win the auction, you pay whatever the ending price is, plus you've paid the .60 to .85 per bid.
So, let's say I want an item, and so does someone else. So just the 2 of us in the auction.... The bidding (I think) always starts at $0.00.
I place a "bid" which costs me $.60. Then they place a "bid". I then place another "bid" which costs me another $.60 (the item price is now at $.03, because there have been 3 bids)
So on and so forth.... let's say the auction ends at $.11, and I win it. I have paid $3.60 for my bids (I've bid 6 times at $.60 per bid) and $.11 for the item, plus any shipping costs. (I realize most auctions won't end for $.11, but I wanted an easy way to try and explain!)
Also, most items have a "sticky clock" where if you bid in the last seconds of the auction, time will get added back onto the clock. (up to an extra 20 seconds I think)
I'm not saying whether I think the site is a good idea or not, that is up to you as individuals, I'm just trying to help explain how it works...
Hope this helps! :-D
So, let's say I want an item, and so does someone else. So just the 2 of us in the auction.... The bidding (I think) always starts at $0.00.
I place a "bid" which costs me $.60. Then they place a "bid". I then place another "bid" which costs me another $.60 (the item price is now at $.03, because there have been 3 bids)
So on and so forth.... let's say the auction ends at $.11, and I win it. I have paid $3.60 for my bids (I've bid 6 times at $.60 per bid) and $.11 for the item, plus any shipping costs. (I realize most auctions won't end for $.11, but I wanted an easy way to try and explain!)
Also, most items have a "sticky clock" where if you bid in the last seconds of the auction, time will get added back onto the clock. (up to an extra 20 seconds I think)
I'm not saying whether I think the site is a good idea or not, that is up to you as individuals, I'm just trying to help explain how it works...
Hope this helps! :-D
09-02-2010, 10:56 AM
#20
Power Poster
Join Date: May 2010
Location: Bakersfield, CA
Posts: 13,214
Originally Posted by PatriceJ
the activities of the website might be legal, but they sure aren't right.
i would never ... i repeat never join a site like that.
i would never ... i repeat never join a site like that.
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