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Is bid4vouchers.co.uk a scam, or a genuine site?!
mrpointy
Posts: 17 Forumite
bid4vouchers.co.uk is a site that auctions store vouchers, with the winner typically winning a voucher at 75%-90% off face value.
To make a bid, you have to buy a pack of bids up front, which is how the site says it makes its money.
Your chances of winning a bargain seem very good, as each item shows a “previously sold for” price, which is ALWAYS way below the face value of the voucher. In addition, since finding the site, a few days ago & monitoring it steadily, I’ve watched most auctions complete with only one or two bids.
However, in ALL of my auctions (I’ve bid on about 9 or 10 now), I ended up competing against someone who just went on & on bidding! Never more than one person though! I’ve spent nearly £200 on bids, with the price on each auction going way higher than any of the “previously sold for” prices. For example, the last auction cost me 65 bids before I ran out of money! That’s £30!!!
Much like any auction site, there is no protection from the practice of bid shilling, in which the auctioneer uses a puppet to place bids in his own auction. This practice is illegal in legitimate auctions, but is particularly nefarious in bidding fee scheme auctions. Due to the risk of shilling, even after the players have spent large quantities of money purchasing “bids” in the auction, the auctioneer can still deprive any of the players of a winning bid by placing an additional bid of his own.
My results seem suspiciously high compared to previous auctions. There is no way to contact other bidders, so no way to check whether such bidders really exist. Whenever I wasn’t involved, the auction seemed to go for peanuts & rarely was I bidding against more than one person.
I don’t have enough evidence to say the site isn’t genuine, but I have suspicions, based solely on my experience & would like to know if anyone else has had the same results as me!
During the course of bidding for £100 Next vouchers, I decided the other person was going to go on forever & did a “buy it now”. The vouchers ended up costing me £150, but better than losing all my money for nothing I thought.
Today, the postman brought me a letter, containing £100 Amazon vouchers!!! So, even if you buy the vouchers at an over inflated price, you still don’t get what you paid for…….
I heartily recommend avoiding this site!
To make a bid, you have to buy a pack of bids up front, which is how the site says it makes its money.
Your chances of winning a bargain seem very good, as each item shows a “previously sold for” price, which is ALWAYS way below the face value of the voucher. In addition, since finding the site, a few days ago & monitoring it steadily, I’ve watched most auctions complete with only one or two bids.
However, in ALL of my auctions (I’ve bid on about 9 or 10 now), I ended up competing against someone who just went on & on bidding! Never more than one person though! I’ve spent nearly £200 on bids, with the price on each auction going way higher than any of the “previously sold for” prices. For example, the last auction cost me 65 bids before I ran out of money! That’s £30!!!
Much like any auction site, there is no protection from the practice of bid shilling, in which the auctioneer uses a puppet to place bids in his own auction. This practice is illegal in legitimate auctions, but is particularly nefarious in bidding fee scheme auctions. Due to the risk of shilling, even after the players have spent large quantities of money purchasing “bids” in the auction, the auctioneer can still deprive any of the players of a winning bid by placing an additional bid of his own.
My results seem suspiciously high compared to previous auctions. There is no way to contact other bidders, so no way to check whether such bidders really exist. Whenever I wasn’t involved, the auction seemed to go for peanuts & rarely was I bidding against more than one person.
I don’t have enough evidence to say the site isn’t genuine, but I have suspicions, based solely on my experience & would like to know if anyone else has had the same results as me!
During the course of bidding for £100 Next vouchers, I decided the other person was going to go on forever & did a “buy it now”. The vouchers ended up costing me £150, but better than losing all my money for nothing I thought.
Today, the postman brought me a letter, containing £100 Amazon vouchers!!! So, even if you buy the vouchers at an over inflated price, you still don’t get what you paid for…….
I heartily recommend avoiding this site!
0
Comments
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Today, the postman brought me a letter, containing £100 Amazon vouchers!!! So, even if you buy the vouchers at an over inflated price, you still don’t get what you paid for…….
Well to answer this little bit; they say "Should bid4vouchers.co.uk not be able to deliver the vouchers ordered, bid4vouchers.co.uk shall be entitled to substitute the item with a comparable replacement brand to the same value, or provide a refund if this is the user’s preference. The user’s statutory rights are not affected."0 -
During the course of bidding for £100 Next vouchers, I decided the other person was going to go on forever & did a “buy it now”. The vouchers ended up costing me £150, but better than losing all my money for nothing I thought.
Thanks for the heads up... I know nothing of this site but I'm having real trouble understanding the above statement!
You bought £100 of vouchers for £150? Do your bid tickets run out or something?
If not, I have loads of shiney £1 coins here that I can let go for £1.45 each! Cheaper than those vouchers!
SeanMy wife is a DFW... I guess that means I'm along for the ride! :j
Taking part in the 2011 £365 (plus shrapnel) in 365 days challenge - total to date = £824 plus some shrapnel!0 -
Of course it is a scam.
What made you think it wasn't?
I notice despite saying it is a scam you are still trying to win more bids.
*waits for the new user to post how great this site is*
:rolleyes:This is my opinion. There are many others like it but this is mine:kisses2: Fiancee of the "lovely" DaveAshton :kisses2:I am a professional ebay seller. I work hard at my job, I love my job, if you think it's silly that's your problem not mine.
0 -
TurkishDelight wrote: »Of course it is a scam.
What made you think it wasn't?
I notice despite saying it is a scam you are still trying to win more bids.
*waits for the new user to post how great this site is*
:rolleyes:
Its a great site i can lose money very easy and stops me spending it on beer so great for my health everyone sign upIf you dont like me remember its mind over matter, I dont mind and you dont matter0 -
bid4vouchers.co.uk is a site that auctions store vouchers, with the winner typically winning a voucher at 75%-90% off face value.
To make a bid, you have to buy a pack of bids up front, which is how the site says it makes its money.
Your chances of winning a bargain seem very good, as each item shows a “previously sold for” price, which is ALWAYS way below the face value of the voucher. In addition, since finding the site, a few days ago & monitoring it steadily, I’ve watched most auctions complete with only one or two bids.
However, in ALL of my auctions (I’ve bid on about 9 or 10 now), I ended up competing against someone who just went on & on bidding! Never more than one person though! I’ve spent nearly £200 on bids, with the price on each auction going way higher than any of the “previously sold for” prices. For example, the last auction cost me 65 bids before I ran out of money! That’s £30!!!
Much like any auction site, there is no protection from the practice of bid shilling, in which the auctioneer uses a puppet to place bids in his own auction. This practice is illegal in legitimate auctions, but is particularly nefarious in bidding fee scheme auctions. Due to the risk of shilling, even after the players have spent large quantities of money purchasing “bids” in the auction, the auctioneer can still deprive any of the players of a winning bid by placing an additional bid of his own.
My results seem suspiciously high compared to previous auctions. There is no way to contact other bidders, so no way to check whether such bidders really exist. Whenever I wasn’t involved, the auction seemed to go for peanuts & rarely was I bidding against more than one person.
I don’t have enough evidence to say the site isn’t genuine, but I have suspicions, based solely on my experience & would like to know if anyone else has had the same results as me!
During the course of bidding for £100 Next vouchers, I decided the other person was going to go on forever & did a “buy it now”. The vouchers ended up costing me £150, but better than losing all my money for nothing I thought.
Today, the postman brought me a letter, containing £100 Amazon vouchers!!! So, even if you buy the vouchers at an over inflated price, you still don’t get what you paid for…….
I heartily recommend avoiding this site!
Here is the info for bid4vouchers
Domain name:
bid4vouchers.co.uk
Registrant:
forge ltd
Registrant type:
UK Limited Company, (Company number: 47502)
Registrant's address:
Les Amballes
Harbour Court
Guernsey
GY1 1WU
United Kingdom
Registrar:
1 & 1 Internet AG [Tag = SCHLUND]
URL: http://registrar.1und1.info
Relevant dates:
Registered on: 21-Aug-2009
Renewal date: 21-Aug-2011
Last updated: 05-Sep-2009
site is only months oldIf you dont like me remember its mind over matter, I dont mind and you dont matter0 -
I like this site you can even get ripped off on the go via text message.
No need to sit in a stuffy old house you can go out and walk the dog and be scammed using your mobile phone.
All you could ever need I have often wondered to myself what to do when I get that I need to be ripped off feeling and I cannot get to my PC.
This site has answered all my prayers now I can throw my money away day or night wherever I am thanks OP for letting me know about this great site.:rotfl::rotfl::rotfl:
If you did not get that of course this site is a scam the only winner is the site owner.0 -
Of course it is a scam.
What made you think it wasn't?
I notice despite saying it is a scam you are still trying to win more bids.
*waits for the new user to post how great this site is*
:rolleyes:
Well, I had a couple of bids left, so I just stuck them on the next items to see if I was one of those miracle bidders that wins for just one bid ;o)0 -
Well to answer this little bit; they say "Should bid4vouchers.co.uk not be able to deliver the vouchers ordered, bid4vouchers.co.uk shall be entitled to substitute the item with a comparable replacement brand to the same value, or provide a refund if this is the user’s preference. The user’s statutory rights are not affected."
My issue with this is that no one contacted me to say my choice was unavailable, would I like a refund. I just got the alternative!
Of course I would've taken a refund, to minimise my losses on this learning experience!
I thought at least by posting it, it might prevent another person getting taken in!0 -
Thanks for the heads up... I know nothing of this site but I'm having real trouble understanding the above statement!
You bought £100 of vouchers for £150? Do your bid tickets run out or something?
If not, I have loads of shiney £1 coins here that I can let go for £1.45 each! Cheaper than those vouchers!
Sean
Lol, I'll have some of those
Basically, you buy a certain amount of bids & when you get to a point where you think you want to pull out, but have already spent £40 bidding for example, they say you can buy the vouchers instead & get all your bids back.
However, unless you buy a block of 500 bids at 40p each (I think those are the figures but don't quote me), you end up paying more for the vouchers than they are worth. Because I only bought 100 bids at a time, they cost about 60p each, so you end up paying more for the vouchers.
On top of that, you don't actually get the vouchers back so you can try to win another auction - they just deduct the bids used off of the price.
The site is full of little catches like that, on top of the fact that no-one ever wins!!!! :mad:0
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