What's the catch?

I've just seen this website advertised on TV http://uk.madbid.com/ and there has got to be a catch somewhere.

Comments

  • You pay to bid?
  • Badrick
    Badrick Posts: 605 Forumite
    Part of the Furniture 500 Posts
    From FAQ on Madbid
    2.4 What is the cost for placing a bid?

    The cost of submitting a bid depends on whether you are using text message or a MadBid Account. Sending a text message costs £1.5 + any operator surcharges. To submit a bid through a MadBid Account costs between £1.3 and £0.75, depending on the package.
    "We could say the government spends like drunken sailors, but that would be unfair to drunken sailors, because the sailors are spending their own money."

    ~ President Ronald Reagan
  • Ah, mad bid......
  • Browntoa
    Browntoa Posts: 49,587 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    first few posts in this thread explains how the only real winner is Madbid

    http://forums.moneysavingexpert.com/showthread.html?t=1286649&highlight=madbid
    Ex forum ambassador

    Long term forum member
  • :rotfl:they almost had me once. they used to (or maybe still do) offer 5 free bids when you sign up. upon doing this and using some of my free bids, whilst watching what i was bidding on i noticed as it went down to like, 3 seconds, it went back up to something like 2 minutes!
    they are a complete scam and should be banned. i cant imagine ANYONE has EVER won anything on this site. if you have, please show yourself and ill take it back! but i doubt it :rotfl:
    Everyone who thanks me when ive helped will get a 5% share when I win this weeks Euromillions......:p
  • You have to be mad to use madbid
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