swoopo.com

[JonB]

Just saw one of these sites selling things real cheap.

Gotta be a catch or scam? What exactly is the scam being used with these auction sites? Stuff like a new Nokia N96 going for about £20.
____________________
Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[Icey]

[Mr Hammers]

Looks like eBay on smack.

I'd imagine there are fewer bargains to be had on desirable items as people will continue to bid, especially if they've invested a number of bids beforehand, and the bigger bargains are to be had on the less desirable stuff.
____________________
A Guide To Powerbands

[Hetzer]

A dollar a bid? Do you have to pay that whether you win the item or not? If the former is the case you'll find a bunch of staff bidding-up the item relentlessly.

Pile o' sh!te.
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"

[Ariel Badger]

Swoopo is Albanian for scam.
____________________
Bikers make great organ donors, get 115 on your licence today.

[G]

As above, scam, basically.

Because you pay to bid, they get a massive amount of money from people bidding, way more than the cost of the item.
If you can get it with one bid, then you're in, but if you bid £21 for that N95, there's bound to be someone else who wants to just use their one bid to get it for £22.

[henryadam80]

Has anyone been to this website “Rockybid.com”? Basically it’s a reverse auction site. The bidding starts at $0. Then goes up by either 1 cent or 15 cents depending on the auction and most of these auction end up closing at 80 to 90% off retail. Basically if the clock goes down to 0 and no one else bids you win. If someone else bids it increases the clock by 15 seconds i.e. a new Nintendo Wii was sold for like $22 bucks. But they now have big things like Yanks opening day tix, Honda Insight, and some crazy Michael Jackson dream vacation package (also opening day) and lots of stuff. The one catch is that you need to pay for bids generally around 75 cents a bid. But it’s extremely tempting to buy them to bid on things you can never really afford or things you really want but are not going to just go to the store and buy. Before I buy these bids are there any opinions on this matter or website? Anyone?
Scam Site do not visit

[G]

That sort of site is basically a scam, because you pay each time you bid they get a lot more money that the sell the item for. You are very unlikely to win it and the in some cases it's been suggested that the site 'cheats' and adds another bid anyway, so no one really wins it.

I have edited your post to help avoid any confusion should anyone else click the link. It might help with the site's google rankings too .

[ms51ves3]

It's just a form of gambling.

[tutton]

Read all about it on moneysupermarket forums
Here
____________________
Past: '05 Peugeot XPS '99 Aprillia RS125 '94 FZR600R
Current: '02 ZX636 A1P '51 CCM R30