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pay to bid auction sites

Very exciting to look at and the 'winners' pay less than the market price but they make hundreds of times the published value of the (mostly tat) they sell.

http://www.swoopo.co.uk/ for example.

They sell an iphone 'worth £263' for £171 to someone for example http://www.swoopo.co.uk/auction/apple-ipod-touch-32-gb-new-generation-/193373.html

but the real money comes from them having charged 50p per 10p bid made to get there - which I make a whopping £859.50!

Comments

  • missile
    missile Posts: 11,759 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It seems too good to be true and it is. Once you register they plague you with spam.
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • ChrisCobra
    ChrisCobra Posts: 1,647 Forumite
    Just avoid these sites !!!!!! , full of crap and take everyonenes money , leave well alone , good advice missile!
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Anyone daft enough to pay to place bids is pretty much beyond the help of anyone here.

    Let them carry on I say, the rest of us can simply shake our heads in bewilderment at the stupidity of people.
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