Deal Dash . Com

[themrs13]

I have seen the ad, but I don't want to lose my money

[lvstephanie]

Penny-auction sites are nothing new, and they are legit-ish.... Most of the legit ones do exactly as others have described; they auction off a high-dollar good (eg a 50" Smart TV) and the bids only go up a penny at a time. Since the bids go up only a penny at a time, the final price for the good ends up being very low (often 50% off or more). However the site makes money by making people purchase bids at a much higher price than the bid is actually worth. If you time the auction correctly and save your bids, you could actually do well with these penny auctions. Even if it actually costs $0.60 cents per bid, you might be able to win that smart TV by making only 50 bids or $30 worth of bids. However that really relies on how well a person times the auction. And that is made more difficult since most of these penny auctions will also increase the lot's auction time by usually a few seconds with each bid made. That means that even if you see a TV auction ending soon, you may still get into a bidding war with others and the time will keep extending out to allow others to jump in at the "last" second. For the legit sites, it could really be a win-win scenario where the winning bid has to only pay $50 for the smart TV (and when adding in the $30 spent on bids, gets the TV for only $80 total) and the site itself makes 5000 bids at $0.60 per bid = $3K for a $500 TV (and gets to advertise a 90% savings).

However, there are also some penny-auction sites that are even less legit than that. Some of those sites will actually have employees create accounts and create those bidding wars in order to rack up more profits for the site. Additionally, if those employee-accounts do end up being the highest bidder, the good will usually get recycled by the site for another auction. Thus a smart TV could end up being auctioned off several times before an actual customer wins it.

[natashaspy]

I've always wondered if you get any of the bid money back or if they just keep it all.  I would be afraid to bid more than once or twice if I did it lol

[mrisha]

I never have.  I see the TV ads almost everyday.

[renee10]

I've seen the ads for it and it looks too good to be true and I would not pay to bid.

[countrygirl12]

They're a BBB-accredited business with an A+ rating, so it's definitely legitimate. However, I've never heard of them before seeing this post, nor do I happen to know anyone else who has used them, so I can't provide more info than what a search can give me.

I did not look at the bbb but I did find ripoff report . com and there were a ton of complaints on there saying they are a scam and telling how they had been ripped off.  I don't think it is something I want to do after seeing some of these comments and then reading the ripoff site.

[countrygirl12]

I often wondered about that.  Glad I never tried, I didn't know about the 60 cent charge on every bid.  I was wondering how they made their money, now I know.  Thanks for the information

I looked at their site and it is 60 cents per bid and you buy bid packages so it costs you quite a bit up front.  You buy like a $30 bid package which is probably less than 40 bids.  And if you loose the money you use to bid then I don't see how they get people to bid at all.  And a lot of people on the ripoff site were saying they have bots that bid against you to run the bid up.

[countrygirl12]

Penny-auction sites are nothing new, and they are legit-ish.... Most of the legit ones do exactly as others have described; they auction off a high-dollar good (eg a 50" Smart TV) and the bids only go up a penny at a time. Since the bids go up only a penny at a time, the final price for the good ends up being very low (often 50% off or more). However the site makes money by making people purchase bids at a much higher price than the bid is actually worth. If you time the auction correctly and save your bids, you could actually do well with these penny auctions. Even if it actually costs $0.60 cents per bid, you might be able to win that smart TV by making only 50 bids or $30 worth of bids. However that really relies on how well a person times the auction. And that is made more difficult since most of these penny auctions will also increase the lot's auction time by usually a few seconds with each bid made. That means that even if you see a TV auction ending soon, you may still get into a bidding war with others and the time will keep extending out to allow others to jump in at the "last" second. For the legit sites, it could really be a win-win scenario where the winning bid has to only pay $50 for the smart TV (and when adding in the $30 spent on bids, gets the TV for only $80 total) and the site itself makes 5000 bids at $0.60 per bid = $3K for a $500 TV (and gets to advertise a 90% savings).

However, there are also some penny-auction sites that are even less legit than that. Some of those sites will actually have employees create accounts and create those bidding wars in order to rack up more profits for the site. Additionally, if those employee-accounts do end up being the highest bidder, the good will usually get recycled by the site for another auction. Thus a smart TV could end up being auctioned off several times before an actual customer wins it.

So you pay 60 cents to bid a penny?

[melodylogan45]

Thanks for the information. I had wondered about deal dash. It does not sound
Like something I want to try.

[cateyes1]

I have never heard of this or seen the ad

[countrygirl12]

I have never heard of this or seen the ad

Watch MeTV between 5:15 and 6:15 in the morning.  They show it at least 10 times.

[ancmetro]

    Be careful because you never know what is all about.

[Segun15]

i use dealdash.com  i love it. deal dash starts with penny bids. i won a few things from deal dash so try it. believe me you won't be disappointed

[sdenimandlace1]

Cost way to much for my taste.

[teenangel]

i live dealdash.com i use it mostly when the holidays come around