Beezid.com is a total scam, beware! Internet

BEEZID will never ship another item.    The have stopped paying their vendors.   They have no inventory or product to ship.

The CEO is Max Bohbot.   Telephone number 514-939-3943.   Anna will answer the telephone, she is very polite but cannot help you.  Max is a crook.

a scam  is a scam is a scam!  Most scams are legal or barely legal.......that's why "they" get away with them! The only things you get for for free are air and your mothers love! Anyone who offers you more for less is "selling" you......and the more he offers is scamming you......

Im pretty sure that beezid uses bots to drive up the price to their desired price.

What you might have failed to overlook is that these sites are for "entertainment" purposes and really are just like gambling. You stated about the pennys/dollar thing but at casinos they often use "chips"...right? Well think of the "bids" as virtual chips.

The true scam of these penny auction sites is they certainly do try to promote themselves as a legit auction and that is unethical at the very least but anyone with 1/2 a brain who would understand how they work BEFORE paying them a dime or penny....would run the other way if they had any intent of using this for "shopping" for a bargain and not gambling. It is gambling period.

Where I do agree is they are not as bad as a casino in the sense that people know exactly what they are getting into when they play whereas with these penny auctions many do not understand until after they lose and try to get a something from the host. As well there is no real way to know if these sites are using bots but I would not put it past casinos to "fix" things in their favor....been to a few and am quite suspect.

First off let me get the obligatory comments out of the way by saying I'm not an Beezid.com employee, nor am I affiliated in any way with the service other than being a consumer.  Now with that out of the way, I'll get to the reason why I'm writing this letter.

The reason I decided to write this letter is to express my opinion of the penny auction site, Beezid.com.  I tried Beezid.com a few years ago (using only free bids) but did not delve too much into the program or how it works.  After exhausting those free bids, I never went back to the site.  Fast forward some years later.  I got an online e-gift Visa prpaid credit card from a friend as a birthday present and attempted to use it online at a site I wanted to purchase an item from.  The card for one reason or another was denied.  Knowing there's nothing else I really wanted, and I couldn't use the card physically since there was no physical card, I decided to try Beezid.com

Like I said previously, Beezid.com was a site I used briefly in the past.  My giftcard was for $36.00 and the site had a 50 bid pack that was exactly the same price.  I decided to buy said bid pack.  Immediately I loss about 60% of my bids.  Chalk it up to me being inexperienced at this practice, others being better than I am or a combination of both.  Either way my bids were just about all gone.  Not wanting to spend money on bids (at the price on the "buy bids" page) I looked at "free" auctions whre you could bid on bids to restock my account.  I won 5 of these auctions and they are as follows:

50 bids + 50 bonus bids for $13.40
50 bids + 150 bonus bids for $24.79
100 bids + 200 bonus bids for $32.16
50 bids + 150 bonus bids for $23.45
50 bids + 250 bonus bids for $35.51

So as you can see I purchased 300 normal bids + 800 bonus bids for a grand total of $129.31, which if you exclude the bonus bids is about $10 extra for a 100 more bids over the standard 200 bids for a $120.00 pack.  I'm not going to get into the math about how much bids are worth because people have talked at length about this and honestly I'm not a bid math major.  Armed with these bids, I thought I would win something, even if it's a little $25.00 pedometer.

So far with a little over 300 normal bids left, I have not won physical prize.  Yes I have won on the site and I have won several bid packs but as far as something substantial, physical that I can hold in my hand this has not been the case for me.  In my experience, I have either been outbidded or quit at the wrong time or that's the way the site makes it seem.

I'm a night owl and on the days I don't have to work it's not uncommon for me to stay up through the night.  Anyway on Wednesday night/early Thursday morning this is exactly what I did, especially since I had my eye on a 55" LG 1080P LED TV that people had been bidding on for hours and the price was only at a little over $30.00 after hours of bidding.  Needless to say at 5:30 a.m. and with the price at $75.00 and me exhausting all the bids I wanted to use at this time, I called it a day.  When I work up later in the afternoon and I checked the site, I found the same TV that I bidded on conservatively through out the night sold for $88.26 about approximately 29 minutes after I went to bed.

Now something about that just spoke to me.  It's either one of those ironic deals, people are bid spenders for items they believe they are getting a deal, the odds are in the house's favor or a combination of three.  Either way, I continued to bid on items I wanted at a conservative rate until I exhausted all my bonus bids.  At this point all I have left are my standard bids which I understand do not expire.   I plan to use these sporadically throughout my stay on the site but at this time I have no intention of buying any more bids either through auctions or the buy bids link.  Using the site for the past 72 hours as I have (almost constantly around the clock, I did take time to sleep, eat, go out, and take care of other items) it seems like there's a core group of bidders that are on 24 hours a day/7 days a week.  I'm not sure if they are actual users, bots, or some other entity but these user IDs that I'm about to list below seemed to be online almost constantly in every auction I was in, no matter the time.

alpacino75
gstate1
lorddoom
idontquit77

Of course there are others, but these are some of the users that come to mind that seemingly are online all the time.  Maybe it's a system they have, maybe they are vampires and just don't sleep at all but I don't see how a core of bidders are online at this site constantly unless they just aren't human.  I digress, but I will say that if you look at the usernames of those participating in the auction and relay to the time of day they bid and how constantly they bid, you will see correlation I made.

Now earlier today (May 24th) I did receive a phone call from a Beezid.com representative noting that they have been observing my auctions and noticed that while I won bid packs, I have not won any physical auctions and that he wanted to help me finally win some prizes.  Curious, I asked how would he be able to guarantee I would find a prize.  His response was that if I was willing to buy a 500 bid pack for $300.00 I would be given 3,000 additional normal buds plus 2,000 bonus & promo bids.  He also stated he would help me remake the $300.00 I spent on buying the 500 bid pack buy helping me win a couple $100 giftcards even going as far as saying that there were a couple of giftcards up for auction at the moment with my name on them and right for the pickings.

Again I asked the representative how can he be so sure I was going to win.  His response was simply he knows things I don't know and that other bidders don't know and that he would bid on my behalf.   After trying to sweeten the pot and trying to convince me to spend more money buying more bids with the guarantee that I would finally win something physical, I turned down the offer simply because I had already spent more money on bids that I want to in the first place.   After declining offer after offer I finally hung up.  The representative called me back a few times but after a while of not answering finally stopped.
Bottom line, my opinion is that one has better odds of hitting a moderate prize of like $500 through their state supported lottery operation than they do in winning prizes like Kindle Fires, Apple iPads, big screen televisions and the lot.  I wouldn't say they are a scam but I will say their business model is efficient so the company comes out on top.  I think any way a person is going to walk a way with a prize from this site is (1) they are bid big spenders, (2) are truly hardcore to the site or (3) are extremely lucky.  I am not either one of these so I chalk up my losses like I purchased a big bunch of scratchoffs or lottery tickets and came up goose eggs.

For anyone else looking to using this site in the future, I will say just be careful and realistic with what you want to acheive on this site.  I can see how easy it could become addictive to spend hundreds of dollars on this site in a matter of days buying bids and not having anything to show for it in the end.

Stavros said:

"Now I have to be fair and say they do expose the "way it works" and they do not hide it. "

ah, but they DO try to hide it, the whole point of tying dollars to pennies is to obfuscate the actual cost of participation.  There's absolutely no other reason why pennies should be used to represent dollars.  You don't see casinos or any other gambling companies doing that; everywhere else a dollar is a dollar. 

"Because just as gambling always works...if the odds are not in favor of the "house"..there is no business model and they would be out of business right quick like."

Yeah, but the difference is that with penny auctions, the house collects a much bigger percentage than a casino does, and they do it on EVERY transaction.  At a casino, the house makes its money by collecting from the losers, and paying out less than 100% collected from the losers, to the winners.  But with penny auctions the house never loses, on EVERY transaction the house collects many times more than even the winner! 

Penny auctions are not a gamble, they are a scam, and equating them to the way casinos operate is a slanderous insult to casinos.  Casinos and lotteries actually offer, albeit at long odds, the chance for jackpot.  Penny auctions don't offer that at all.  At best they offer, at long odds, the ability to go through a pointless rigamarole to buy a product for close to the MSRP.

...because what they do is NOT an auction at all. It is online gambling plain and simple.

Now I have to be fair and say they do expose the "way it works" and they do not hide it. Sadly greed is the reason everyone loses when they register on these types of sites. Why? Because just as gambling always works...if the odds are not in favor of the "house"..there is no business model and they would be out of business right quick like.

I will try to simplify...

Say for example you want a new big screen TV and want a killer deal..so you look on ebay. Someone listed one up for auction starting at .01 cents. So you bid on it and put in you will go no more then $301.99.

So...all the other bidders see is what the next highest bid is above .01 cents and no timers are set back every time there is a "bid". The highest bidder wins the freaking TV when the AUCTION is over plain and simple. If you do not win the auction..it cost you ZERO. nothing nade. ziltch.

With gambling on the other hand...win or lose you are going to pay something because you are paying for the gamble aka "bids"...not actually the TV.

But I am not a shill for the company. So what if I used the term "prizes"? If I win something, auction or otherwise, yes, I consider it a prize. If I was the highest bidder on something on Beezid or any other site like it, I still would still have considered it a prize. By several people's own description, this site is more like a gambling site. I actually agree with that statement. Bet with your head, not over it. If people are dropping bids left and right and you're bleeding money, then walk away from it.

By the way I just saw a commercial for Beezid on TV tonight, hence the reason I've been posting tonight... anyway the commercial said that they 'guarantee new members will win one of the auctions they use their free signup bids on'.  The only way they could possibly make this guarantee is if they control the entire system and the whole bidding system is just a facade that they can put up or pull down, adjust, etc.. at their whim, at any time, for any reason!

A lot of you people seem to be very confused.  Beezid is nothing like a raffle or lottery because every bidder does not have a certain percentage of chance of winning depending on how many bids they have bought like they would if they were buying multiple raffle or lottery tickets.  ONLY the LAST bidder wins with Beezid, so all previous bids are null and void and have ZERO chance of winning. 

Beezid 'works' by exploiting a weakness in the human mind for understanding slightly complex game theory.  What happens is, once you start throwing money (bids) on an item, you are more inclined to continue to throw money at it because you will be engaging in what's known as Sunk Cost Fallacy (look it up).  People on here insist that 'Bots' must be gaming the system because 'nobody in their right mind would pay double the retail price of the item'.  Oh yes they would!!  Because consider this: 

Lets say you see a TV set on Beezid going for $30.97. Each time someone bids, it goes up a cent.  So, let's say you've already bid 100 times on it; no problem, that only cost you $100 and the TV is worth $300!  Only problem is you haven't won yet.  By the time you've spent $300 in bids, you've got a choice... Bid another dollar and possibly get the TV and almost break even, or simply stop bidding and lose $300!  You will be inclined to spend the extra dollar.. and another, and another... because you keep telling yourself you'd rather cut your losses by winning the d**n TV set no matter the cost, rather than winning nothing and eating the entire cost of your, by this time, clearly out of hand, bidding spree! 

The people who think they can game penny auctions and somehow come out on top are fooling themselves, because there are so many other people out there who ALSO don't want to LOSE.  Once you get on there it's not WINNING that is motivating you to continue bidding, it's NOT LOSING.  And so many other people don't want to lose that you stand no chance of winning whatsoever!  It's not game of long odds, it's a game of 100% suckers, because EVEN after you factor in sunk cost fallacy, you've got EGO to  deal with.  There are people out there with bank accounts as large as their egos.  They don't care how much they pay, as long as they WIN.  My dad used to play the ponies (horse race handicapping) and he would tell me about how difficult it is to play the odds at certain parks that are frequented by certain ethnic groups (I'm not going to identify with ones), but certain ethnic groups have something culturally ingrained about gambling that isn't so much about money as it is about saving face and acting like a bigshot.  You see, these people would be on EVERY horse on the race, just so they could go up in front of everyone at the end, to the ticket window, to redeem their ONE winning ticket, waving it around like a bigshot.  Now, when you're on the internet, you've got literally MILLIONS of those types of people churning through the systems.  If you don't want to be one of them, steer clear of Beezid and any other 'penny auctions'!!  You've been warned, you've had it fully explained to you.  What you choose to do now depends on who you really are, which you can't change.  If you're a sucker then you were born a sucker, and you always will be a sucker.  But at least now you'll know why!

Robnhud: I find it very suspicious that you refer to the items you won by 'auction' as "prizes".  I think that's a term that Beezid would use, rather than a term someone naive enough to use Beezid as a consumer would use.  Therefore, I think you are an employee shill from Beezid.

also its the "same" people who "win" over & over. auctions I,ve bid on never go for that below the average price.

So dont you appreciate crookedness and pure guile?  Penny auction sites make their money selling bidz to schmucks like you.  This is what the mafia would do with a web site... sorry you did not win... buy some more bids... c'mon its just like a slot machine, your a winner so buy more bids you got to play to win, so we can pay for expensive commercials to bring in more marks, I mean customers like you.  The folks who write these bad reviews are loosers, you are a winner, buy more bids... remember you can not win without playing, buy more bids... now before we get enough money to buy 10 more items and stop it, dont hesitate BUY MORE BIDS.

I have used Beezid spent a total of $50 and have not won anything. I was curious and wanted to see what it was all about.  I believe that the site should be shut down- not because it is a scam, they explain what the fees are up front and unless they use fake bidders to extend, that is not a scam. 

BUT, this site is NOT an auction.  In an auction,  potential buyers bid what they are willing to pay for an item. In the end, one buyer gets the item because they were willing to spend the most for it. The other bidders have not spent anything.  The auction house makes money by charging the seller a fee --maybe a % of the sales price.  The seller gets the rest.  Ebay is a form of auction. 

Beezid is really a weird variation on a raffle, disguised to look like an ebay auction.  Beezid selects items to raffle off.  The "bids" they sell are really raffle tickets. They continue selling raffle tickets until no one else wants to buy a ticket. Instead of picking a winner at random, the winner is the last ticket sold. That makes it look like an auction.  Beezid makes its money on the sales of the raffle tickets, like any raffle.  The "spin" is that the winner wins the right to "buy" the item and in addition to whatever they already spent on raffle tickets (bids) they pay this additional sale price to get the item.  For the winner, its usually a great deal.  Unless they bought lots and lots of tickets, they get an item for a low price plus the cost of the tickets (bids).  Everyone else, though, paid for the raffle tickets and got nothing.  Now, this is typical of raffles. There is only one winner, and if you buy a ticket you have a small chance of winning.

The reason Beezid should be shut down is that raffles are not legal unless they meet certain criteria- one being that they are raising money for a charity of some kind.  On top of that, Beezids "variations" obscure the fact that you have a very low chance of winning. Unlike an auction where you can choose to be the high bidder, in Beezid, you must keep spending your tickets (bids) hoping you will be the last bidder. The timer is there really to trick you into thinking that if you spend another ticket you might be the last bidder.  The similarity in style to Ebay is another way to trick people into bidding again and again.

Think of it this way:  Lets say I do a raffle, and sell tickets over the internet.  Lets say tickets were 80 cents, and I am  raffling off a $2500 TV.   The money raised is going to me. The winner is going to win the TV but not for free, for a price that is determined by how many tickets are bought, 1 cent for each ticket. When you buy a ticket I will tell you how many tickets have been sold so far so you can figure out how much additional money you would have to pay if you win.  BUT the winner will be the last ticket sold. There is no way to know when the bidding will end, you need to guess, watch the rate of tickets selling etc to try and estimate when the end is nearing.  Would you buy tickets? I'd guess that some people would, but not nearly the numbers who play Beezid .  BUT This is EXACTLY what Beezid does. It is appealing because they have made enough changes in the typical raffle so that it doesnt look like a raffle, it looks like an auction. They have "happy customers" who got a TV for $100, but they dont say how many bids the winner spent to win, they dont say that if the price got to $100, that means 10,000 bids were placed- and at .80 per bid that is $8,000 profit for Beezid.  They dont say how many other "auctions" that winner participated in before they "won" the TV. Before Beezid was well-advertised, it was undoutedly much easier to "win" and less "losers."  Now that Beezid is advertising, there will be lots more bidders, the bidding will go on and on making it harder and harder to guess when the end is near. People will spend more and more on bids without winning anything. More and more people will figurue this out and complain, and the government will see that this is really a raffle and shut them down.

Its an ingenious money-making scheme for Beezid creators, but it cant last. I just wish I had thought of it!

While everything you said is true you have to remember that there are probably 20 other people bidding on it who each spent 500$ on bids only to get nothing.  This makes the site in general a rip off because 90% of the time you pay 100-500$ in bids only to get nothing in return

I don't understand why people bid early? 
I've never caught an "auction" from the very start, but i can't help but wonder why people shell out dollar or 80 cent bids when there is still 30+ seconds, a minute, or even more on the clock...

this seems counter productive  to me. On any "auction" site whether it's like beezid or ebay, when the winner is determined by whoever is holding the "winning" bid when the timer (going once... going twice...) hits zero, is it not in the best interest of interested parties to try to get their bid in as close to the end of the "auction" as possible? 

When watching it seems like there is one or two people bidding back and forth, again and again, when there is plenty of milkable time on the clock. why pay a dollar per bid only to get in a bidding war? especially if you don't have the option to raise the bid to the most you'd be willing to pay, or at least to a level to get rid of low-ballers.  I've even seen people bid multiple times in a row...  ? ? ? really???  I understand the logic of adding time to the clock in the quickly moving style of beezid. When a bid is placed, doesn't it add (this may vary, i'm not sure) 10 seconds to the auction?

maybe it's due to the high volume of internet traffic that watching the clock isn't exactly plausible. 
I don't see how it could work... With all the television advertising they have to be attracting a rather high volume of people who are willing to part with 10 or 20 bucks at least to give it a shot.  
I have not joined, nor am i interested in joining just to find out. How many items are up for auction at a given time? When people go to the website, do they all see the same page (as in all the same items in all the same auctions with all the same timers) - maybe there are hundreds (thousands) of auctions going on at the same time...  my point is, it only makes sense to click when the timer is almost run-off for 2 reasons 1) to let the people who want to war over it bid themselves to poverty while you watch. 2) To keep less time on the clock and thus reduce the (very very high) odds that someone is going to outbid you. When i see people shell out 50 bucks to drive up the price of an item by 25cents when there is still a minute on the clock doesn't make sense.

Furthermore,  If beezid has thousands of patrons who are all watching the clock, how does/would the site handle the situation where 500 people (for example) all place bids on the same item at the same time during the last few seconds of an auction...

Anyway, these are just a few observations that i'm surprised haven't been brought up.

My personal opinion is that beezid is not a legitimate "auction" or "gamble"... Technically it seems to be gambling, but legitimate games are all based on specific odds. There is no way to know whether or not beezid incorporates honest business practices when the clock and the bid seem so easily manipulated.  

Who is to say that they don't incorporate a few lines of code to insure a bid "quota" based on any number of factors. One could possibly be a function which will not allow an "outside" individual to win unless the number of bids is greater than or equal to the retail price or at least the item's original cost. Some items could even make it appear that beezid is taking a loss on that specific item, when either a) the original cost (beezid paid) was substantially low, or it doesn't even matter because 2,000 people bid 3 times on an $500 item. In that scenario it adds up to $6,000 in for beezid, the bid goes up by $60, ) so we take the 6,000 dollars beezid just made, add in the fictional items selling price of $60, and subtract the $500 (which is probably in reality substantially less based on bulk or direct from manufacturer or distributor deals).

 Okay just to make it a little more fun and complicated let's expand on this a bit...
Let's say widgets sell for $500 retail...
The widget manufacturer sells 1,000 widgets to beezid for $300 each.
The total investment on beezids part is $300,000 for the widgets.

Now, strictly adhering to the previous hypothetical scenario where on beezid, all the widgets sell over the course of a year for $60 each. 
$60 (cash paid for item) + (( 6,000 bids = $6,000 (total cost of all bids)) = $6,060 dollars per widget.  
$6,060 dollars - $300 (item original cost) = $5760 profit for 1 widget. 

Let's re-examine the variables... 1 widget cost = $300  ||  1,000 widgets costs $300,000
profit made per widget = $5760  therefore the profit for 1,000 widgets is 5,760,000 (dang that's a lot, but i'm too tired to check my math... let's just do what i always do and assume that it's correct) 

Now those figures may be inaccurate based on how it all functions, but regardless someone is making a killing, and it's not the average consumer. 
Why didn't I think about this? 

I signed up for beezid myself and it is a total scam..

You try and make it sound like they are making an innocent amount of money when they are making a killing.

Their most popular bid package is 100 bids for 70 dollars.  That is approximately 71 cents per bid

If the auction price is one penny per bid for the item, that would be 10,000 bids. 
So, .71 x 10,000 = $7,100.00

Lets be honest though.  If this site is that great alot of people will be involved in an auction for a tv. So the final sale price would probably be at least a quarter of the listed retail price for the item.  For a $2,500 dollar t.v. that is $625.00. 

62,500 bids x .71 =  $44,375.00! "And I would say that is a ripoff"

oh yea plus the $50.00 for shipping because after selling you a tv for $44,000 it cost them way too much to ship the dame thing to you!

If your bidding the timer won't stop unless you are close to the retail price.

This is not a scam it is actually a brilliant business plan to make LOTS of money for the site owners and their investors.



I see that some people are defending the business model as a way to buy an expensive TV or other item at a fraction of it's original costs...But here is the problem for the consumer. Lets say that a thousand people are bidding on that item...Only ONE will win. If the others made 500 bids each then 999 people just walked away with nothing but lost about $500 a piece for the right to lose the auction. 



The company, however, just made about $500,000 for a "$2500" TV. Now I know that is an extreme example because many of the people will end up dropping out well before they bid 500 times, but theystill paid Beezid for the right to bid on the item. The winner,no doubt, will get their item...why wouldn't they? When you are making money for nothing a TV is a small investment to make.



So I would say it is not a scam but beware...you might spend a lot of money and not have anything to show for it in the end...except an empty bank account. I think I will stick with ebay...at least if I don't win, I dont pay either AND the clock does go to zero even if someone makes a bid at the last second.

Any pennyauction site that DOES NOT offer a BUY IT NOW option is straight up hardcore gambling in its purest form and I have a hard time believing the government can't shut them down. Most legit pennyauction sites offer a buy it now which allows you if you so choose to put the money you spent in bids towards the purchase price of that item. I would never ever recommend even bothering with Beezid when you can find other sites that offer the same thing except give you the option to buy it now. 1 person wins in a auction and the other 20+ people lose you have much better odds in Roulette, Blackjack, Craps, or anything you can do in a Casino for that matter.

Two things about me.  One.  I've been a Beezid customer for a couple of months.  I didn't even know what a "penny auction" was until we saw a commercial on TV for Beezid.  More specifically, I am a very happy Beezid customer.  Two.  I'm a consumer rights attorney, and I believe strongly in the mission of this website and I respect the opinions of everyone who has posted and believe in their right to do so.

I post only as a Beezid customer, to share my experience.  As of last December (2010), it was clear from the website at the outset that you had to purchase bids (at either $.60 to $.70 each).  Initially, I did not win any items, but I had a lot of fun trying.  And I think that's the rub -- this is entertainment, a form of amusement.  When I take my kids to Dave and Busters, we will blow through a lot of money "winning" tickets to redeem for "prizes."  Dollar for dollar, I could take them to Toys R Us and do a lot better.  But the amusement is in the process.  Same goes for Beezid.  You want to save money on electronics?  Clip coupons or go to the swap meet.  I don't really see the difference, except Beezid is for grown ups and the Sponge Bob game that my five-year-old loves where she tries to get a token (which costs about a quarter) onto a square to win tickets, well that game is for kids.

In my experience, what distinguishes Beezid from other penny auctions is exceptional customer service. I have tried other penny auctions, and I do think that some cheat and others have less than stellar customer service.  After my initial experience last Christmas time, I spent a lot of time on the phone with Beezid, and with one customer service rep. in particular, who provided a wealth of tips on how to approach the auctions.

Within a couple of days, I started winning.  I started small, and then moved up to bigger items once I got the hang of it.  I've since won (and timely received) a lot of items, everything from a 3DTV to a laptop to a DSLR camera so advanced that one of my neighbors had to spend an hour walking me through how to use it.

Here's my point.  In my opinion, Beezid is legit.  But I get the point of the other posters and acknowledge it may not be for everyone.  It is important to stay within your budget, and to approach it as entertainment.   If you have questions about it, their customer service team is excellent.  Beezid also makes itself very accessible through its Facebook page (www.facebook.com/thebeezid), and actually welcomes doubters to engage fans of the site on the boards with questions.

beezid.com states their rules when you sign up, so it can't be a scam. If you have common sense then you know that your chances of winning are slim. Especially if the bids increase at a rapid speed. The more people bidding on an item means you have less chances of winning. You should also know that you don't get you money back if you lose. What did you expect?

It's not a scam just because beezid is making alot of money from people who think they are going to win. It makes them capitalists.

I've watched this site for several hours today to see what this site was all about.  My only concern was seeing the last bidder at 20 seconds (say the name for example was TMom), then when the clock reached 1 sec, TMom would bid again and reset the clock when no one else had bid and TMom would have won.  Then there were a few more times in the next few seconds when people still would not have bid, but TMom would bid 5-6 more times.  It doesn't make sense to me that this person would just continuously keep bidding at $.60 a bid when they're not being competed with...

I'm just wondering if someone could explain to me why this would happen if it's not bots...

I'm not yet a member of Beezid, I like to gather as much information about this kind of thing before I sign up.

 But I'm slightly confused by something the original poster said.  He said that each time you hit the bid button your credit card is charged $1.00.

 I looked at the site and the way I understood it was that you buy a bid pack worth anywhere from $0.60 to $0.90 a bid depending on what pack you buy.  Which makes perfect sense to me.  If you watch an auction carefully and conserve your bids to the best of your ability then you're still getting one hell of a deal and why else would someone create a sight like that if not to make more money than what the item is worth, it would kind of stupid to expect to get $50.00 gift cards for $0.02 and not have some kind of gain for those providing it.

 But is what the poster said true?  Do you get charged $1.00 per bid in addition to $0.60 to $0.80 you've already spent on it?

I was taken in by the commercial regarding the company and signed up for my free bids.  Thank goodness they were actually free and I didn't have to use my own money.  Many people are saying this site is a scam meaning, they are taking peoples money and not being honest.  I am not saying they are not honest, but this isn't a true auction site and it is more closely related to gambling then a true bid auction site.  All the math on this site is correct and at the end, the company makes a killing on the auction.  The problem with the site is that the "average Joe" doesn't realize that their real chance of "winning" has nothing to do with the total bid in terms of the amount, but more to do with the amount of bids others have and are willing to "buy in" more.  So this is gambling, period.  The site should have that disclaimer.  You could purchase thousands in "chances or bids" and never actually win anything.  How is that not gambling?  

Let me get this straight...

We all know how the site works, whatever system we want to call it (gambling or auction). You can't buy anything on the site without knowing how it works. And you don't have to give them any money to sign up or register.

This is not a scam. If it were a scam:

1. They would be making money without you knowing about it. They are not. You have to purchase bids in order to bid on items. You know (I would hope!) how much money you are spending purchasing those bids.

2. You would not know that you lose money if you lose a bid. But you know that you spend those bids in penny increments on whatever item(s) you are interested in. If you don't win, you have lost those bids and therefore the money you spent on them.

3. If you do win, whatever the final price is, this is what you pay, plus shipping, to receive the item. If it was a scam, they wouldn't ship you the item or they would send you something different than what was advertised.

So... you know how much you spend on bids, you know that if you lose a bid you lose that money, and if you win you pay whatever price and shipping to get the item. Right?

I'm not seeing where the scam part comes in. It's true... the company makes a TON of profit. And there isn't a huge chance of winning the big ticket items. But such is life and it is the risk you take. They are not hiding costs from you or taking your money and not sending you your items. They are not skipping town and changing their name so you can't find them. You have an agreement that you will spend x amount of money and they will give you x product for it. That makes it a for-profit business, not a scam. If you don't like the terms (which I don't and would never sign up) then don't participate.

To all the Beezid employees, consumers, and corperate people, the one thing I've learned about Beezid is this:
-You have a very low chance of winning, and it takes a long time.

The prices are too low, which causes massive amounts of bidders. Only one bidder gets the item, so all the other bidders just threw their money down the toilet. Repeat.

If you have 25 people bidding on an LEDTV (Retail:$1000, for the sake of argument), it might get up to $100 at .01$ a bid (90% off). That means 10,000 bids were placed! If each bid is 1$ (again, rounded for sake of argument) that means all 25 people spent 400 bids each to total the 10,000 bids, and ad continuum spent $400 each just to bid on the item. So the one winner pays the $400 for bids, plus the $100 for the actual auction, to a grand total of $500 for a $1000 TV (a good 50% off).

So in that example, I conclude that for that TV, which costs $1000, you had a 1/25 chance of getting a TV 50% Off! Oh my God what a horrible gamble! In this case you either lost $400 (24/25 chance, 96%) or got a TV 50% off (1/25 chance, 4%).

Now I don't know how many people use Beezids, but this example doesn't seem like a long shot. I know prices go down if you buy lots of bids, but also I didn't take into account any foul-play (upbidders in corperate) or the dozens who probably just bid three times then leave. I think it balances.

Remember, the chance of winning a good deal is extremely low! Everything else Beezid is upfront about, even if it sucks, but they never ever tell yuo the actual crappy odds of winning, they make it sound like you'll win all the time.

On eBay, if you bid the most, you WILL definitely win.  Yes, people "snipe" on eBay, but they are merely trying to outfox people who let their emotions carry them away, and who will bid more if they have time.  But ultimately, if you put in the highest bid, you will win.

I played with Beezid for a day. You may or may not get an item by bidding higher.
People are all frantically bidding one penny more, one penny more, playing
against a clock.  You cannot put in a single, one-time highest amount you are willing to pay, and then see if you win.  THAT's why the per-bid fees are not legitimate.
If I could pay $10 to bid, and bid, say, $2000 for a big TV, fine. But I can't do that. I have to bid over and over again, and that is bull.   eBay doesn't work like that, and neither does a real auction house. 

Finally, about the listing fees you must pay to sell on eBay, yes, you must pay those fees whether the item sells or not. But that is paid advertising, and you know the fees going in.  Beezid is nothing like that.  You will pay an indeterminate amount depending on how many times you have to re-bid, and there is no way to know that in advance.

Beezid is a roulette wheel, plain and simple.

If you had taken the time to research the site, and read its help features, you would have been shown the price of the bids 15 bids for $15, 30 for $27, 50 for $40, etc. I have not used the auctions OR REGISTERED, and yet I was still able to find the cost of bidding quite easily. I cannot attest to the legitimacy of the auctions themselves, I am just pointing out that they aren't hiding the cost of bidding from you.

I spent some time on Beezid this year, both bidding and watching.  I had some success.  I also received all the items that I won.

I can not say definitively that there are not bots bidding or even shill bidders employed, if I did that would be speculation.  It almost seems unnecessary for Beezid to use these tactics because of the way that the auctions are set up. 

There is a feature called a sniper bid.  The stated intention of this feature is to keep the auction from closing until it gets to the range that you want to bid.  The sniper bid itself is a bid that is automatically placed for you at the last possible second if the auction is going to close and you are not the high bidder.  You are only allowed to use the sniper feature once in any given auction and only for a maximum of 20 sniper bids.  This extends the auction in some cases for hours in a busy auction.  If there are many snipers placed, it can take a very long time for those to all play out.  One might say, just let the snipers bid against eachother and cancel eachother out.  If everyone is in for 20 sniper bids and you knew for sure that the bidders would not cancel their sniper, this would work, but you don't know how many each person set and you don't know when they cancel.  It could be one sniper bid or 20.  I said all of that to make this point.  The sniper controls when the auction ends.  I have seen it over and over again.  There are one or two snipers in play and they are both at very low numbers and people get comfortable with the sniper bid extending the auction so they relax.  All of the sudden both snipers are gone and the auction ends.  Beezid was displaying the sniper bid in the bid timeline until June 21st.  At least before you knew there were snipers, now they just appear as regular bids.  I have been scared away because of that.  I thought it was more fair when they displayed the snipers.  It really feels like a slot machine now. 

I guess my point is this, all of the shady things that may go on behind the scenes at other penny auction sites may be going on behind the scenes at Beezid, but I don't think that it is, because Beezid has given this sniper tool to the consumer and now the thing that is most likely extending these auctions and putting money in Beezid's pocket is the greed of it's own customers.  With this recent change and Beezid's marketing, i think there will soon be many more unhappy consumers, and a handful of very satisfied ones.

Alright, it seems there is a lot of argument over what to call Beezid.com and what it really does. I would like to break it down in a factual and insightful matter so you can decide for yourself if it is a moral and successful business model.

--It is a gambling site, in that many auctions are for purely monetary things, such as gift cards, prepaid credit cards, or beezid's personal monetary system a.k.a. "bids". The auction aspect is also a form of gambling since you are putting down money you can never get back on the hopes of getting an item.

--It is an auction site, although not heavily. Honestly, I personally have never heard of an auction house where you have to give the auctioneer a few quarters every time you want to hold up your number to bid on the item; the comparison is blatantly illogical.

--The chance for fraudulence is there - it is highly available for the website owners to abuse their own system; that isn't to say that any other auction/gambling site isn't subject to the same possibility of abuse. The problem with Beezid.com is that all items are owned by Beezid.com. With no independent competition to keep them in check, coupled with the "bids" money you put down and never get back, there is a huge self-interest for Beezid to employee people solely for the purpose of "sock puppet" accounts to drive up the consumption of bids and reclaim items just to resell. There is no proof, but just the self-interest.

Now let's take their most advertised scenario, and in a light of pure honest business practice: an auction for a high-ticket item, lets say a $1000 HDTV.

They say--well let's say you buy a hundred bids for $1 each, and you bid on this HDTV that goes up by 1-penny each bid. At the end, you win the HDTV with an ending price of 100.00, and now you just paid for the 100 bids, the cost of item, and (let's say $50) shipping. So you only paid $250 for a $1000 item! Even with the buy-a-bid system, you got a great deal!".

Nothing dishonest, all up-front. Now the math to consider...

The numbers are rounded to $1-a-bid, and the prices, for easy thinking. That means that to get that HDTV to $100.00, it took 10,000 bids ($10,000-worth of Beezid's personal currency)to get to that sale price.
Okay, now a reasonable number of bidders for that item could be rounded to be 100 individual accounts-this means everyone has a 1% chance of winning if they spend $100 dollars each on bids alone, just like you.

So 100 people spend $100 just to attempt to win this television, and out of that everyone only has 1% chance to win --- and you happen to win? Please, you really are dreaming in that scenario.

That is the only part I find particularly offensive to my intelligence, is when advertisers say "Pay for the bids and then when you win you only have to pay for the low low cost and shipping" but winning is a very very low chance.

Remember, the only number they lie about is your chance of winning, there practically is none. Your chance of winning a Refrigerator for $50 is near impossible, don't be taken for a ride, gamble regularly in Casinos, at least they are upfront about the odds.

Lets first start with the complant of how much money beezid is making. do you think walmart, or k mart or even your local store sells you there product at there cost? i think not, if they did they would have to shut there doors within a week. how about yard sales, people will buy there stuff that they want to throw out in the dumpster. 100% profit for them. Beezid makes alot of money, but so does the electric company, or the gas station, what do you have to show for that? if you know what you are doing on beezid, you can make out great, regardless of how much money they make. I went out and bought 500 bids for $300.00 and guess what i won a ps3 250gb system, and an apple ipod touch 32gb player, all on the same 500 bids. I dare you to go to walmart and buy those 2 things for $300.00. I will bet anything you CANT!!!! People stop bringing ebay into beezid, i do both, i know what both are all about, and they are nothing alike. thats why all the people that file neg reports have lost $$$ with nothing to show for it. i have won 5 ps3, 2 nintendo wii and 1 ipod touch, and 2 200 bid packages all for about $800.00 thats with the cost of the bids, and the cost of the items. is beezid a scam?  NOT. its just the way you were thinking when you went into the web site that made you loose. and by the way have you ever went to a real auction with an auctioner calling out the bids? did you get  mad and shout SCAM when he went going once, going twice, and then somebody bidded and he started over? if so then you need to stay clear of these things. 

From the moment they charge you a $ amount to place the bids (each bid), this becomes a gambling site online open for anyone with a credit card. The only difference is that instead of money, the jackpot is an object (e.g. a car, a tv, plane tickets, etc...).
Is this really legal?

I have been a member for a few days.  Thus far I've won (have yet to receive):

--$75.99 IPod Shuffle for $1.88 w/ 13bids for a total of $20.97 (with s/h)

--$179.99 Samsung FlashCAM for $.68 w/ 4bids for a total of $13.47 (with s/h)

With that said, I was involved with a Nintendo DS Auction that began off with a few people and myself.  I placed a few bids, but upon noticing that a few others were involved, I decided to sit back and wait.  I then began to notice one "Bidder" place numerous automatic bids, followed by five regular bids, then followed by the same amount of automatic bids.  This occurred continuously.  Then I noticed another "Bidder" surface whom began to battle it out with the other person mentioned.  This continued until the item hit $17.00 (1700 bids) with the random bidders, whom appeared to be real because after they seen this activity happening would leave.  At this time, I watched four other auctions occuring at the same time and noticed this SAME EXACT bidding cycles between these two members at those auctions as well.  This only leads one to believe that they are placing HUNDREDS of bids (valued at $.70/bid) on these auctions. 

I looked at the winners list to see if these two "Bidders" had won in the past, and one had won an electronic massager, valued at $39.99, a few weeks prior.  THAT'S IT!!!!  All of those bids spent for a massager, but they are both willing to throw hundreds of dollars on other bids with no wins recorded???? Very shady.

Now back to the DS.  I believe that it is safe to say that between the two of them, they each placed, conservatively, 1/3 of the 1700 bids placed, equaling a total of 566.67 bids/"Bidder".  Mathematically, that means that they were willing to pay $396.67 for this $129.99 Nintendo DS item????  NO HUMAN IN THEIR RIGHT MIND WOULD PAY OVER DOUBLE FOR THIS ITEM. 

I STRONGLY believe that this site uses bots for the larger items, or items they believe can go for much more than they are meant to.  I do believe that they do use these smaller items as "teasers" to entice the members or on-lookers.  I also believe that they use these bots to drive up the price of the items, while also using the bidding time to have real bidders use up the bids they purchased until they hit a specific number which they feel comfortable of letting go and ALLOWING a real member to win. 

Unfortunately, I am unsure if they are also guilty of the bait and switch that others have spoken about.  So, once I receive (if I ever do) the items, I will come back and update my post.  But until then this website has lost me and I hope they lose everyone else.  It's a brilliant idea if they weren't blatantly using bots/fake bidders to steal money from their members.

Ok, so you have to pay for the bids(right hand corner at the top, click the tab). You purchase said amount of bids. Best bet is to wait untill almost the end of bidding to bid. Make sure your logged in, and have bids available in your account before you start.

Now I don't know about the cars and what not but think about it. A business is in business to make money. The site is designed for them to make profit and you to get a deal. Let's see..1500$ tv for 65$ +14.95 S&h,after paying 27$ to make 27 bids. An aproximate total of 107$. Not a bad deal! They made their money, I get a really cool tv that I could otherwise only wish for.

 It's not rocket science as to how business works. They get money , you get product for a great deal. I was looking on RR to see if people aren't getting product after paying, seems people glanced at the site and posted uninformed and unread opinoins.

Read the instructions!

Beezid is NOT an auction. It is a a clever gambling scheme dressed  up to look like an auction. In a real auction, live or ebay, y ou are not charged for each bid. In Beezid, the price each item sells for, and the shipping fees are all simply part of the show to make it look like an auction. Beezid makes its money by keeping people bidding, not to raise the "selling price" but because they make their money on the BIDS themselves. If something "sells" for $23.00, Beezid makes a profit of somewhere near $2000.

Like in Vegas, when you win $100 you are thrilled and happy- but if you THINK about the total amount you spent that evening, you likely spent a lot more than $100.  If not, just keep playing.... At least in Vegas it's fun and if you think of it as you are paying the casino for your entertainment, gambling makes sense. If you are playing because you think you are going to make money, you are a fool.  In Beezid, the only reason to participate is if you are willing to give Beezid money for the fun of bidding.  Yes, there is an extremely small chance you might "win" an item  for much less than it is worth, but think about how much you paid for the bids, all of the auctions you didnt win and how much  you spent on them. If you are lucky enough to still have gotten more than you paid, STOP PLAYING BEEZID NOW, because the more you play the more money you will be giving to BEEZID.

I dont think BEEZID is a scam, they have no reason not to send out the item to the "winner." The longer they can keep the site open the richer they get. THey are simply counting on people's gullibility and ability to get addicted to the idea they can get something for nothing. My daughter and I checked out Beezid, and within 5 minutes she said- "wow- they made $1200 on bids! Can we make a site like this? "She has the right idea. The only winners here are the clever people who thought it up and are raking in the money.

I will have to say I heard about beezid from a friend. Thought I might check it out see what all this penny bid stuff was about. When I heard about it I knew right away there had to be a catch, and right away I saw the catch was you had to pay to bid. OK fine whatever they have to make money... I understand that... evidently some people still haven't learned nothing is free or as cheap as it seems. And while I agree beezbid is making out like a bandit in this you people have to remember you signed up for it and you paid for the bids.

As for the comparison to ebay and real auctions. Actually I sell on ebay and my parents own an auction house. I noticed one person said they have never had to pay to enter an auction house... well thats great my parents dont charge for that either. But I would like to say some do.. I put their auction ad on the internet every week and in every ad I state NO BUYERS PREMIUM, since they dont charge that. However some auctions charge 10-20 percent on top of your purchase price for you to buy the item. which means if you pay 100.00 for an item they will charge you sales tax and 1.00 - 2.00 on top of that for purchasing it from them. And other auctions may charge you for a bid card. It happens. I know alot where I am from that do that I think my parents may be the only ones left in the state that dont do it.

As for ebay... for the buyers its all good and dandy you get to go on there and bid till your little hearts content and only pay winning bid amount and possibly shipping. What you dont know is the sellers are how ebay is making all their money. I have to pay a listing fee just to try and sell the item. And yes that means I have to pay that price whether the item sells or not. If the item does sell then I also have to pay final value fees. Both of these are certain percentages of what I list it for and then what I sell it for. So basically the more I sell something for the more ebay gets. Im not saying at all that ebay is bad it is how Im making my living and paying my bills... BUT they have to make money too... just like beezbid. I mean lets be resonable if ebay charges me 6.00 total for listing and final value fee on a 100.00 item I sold. for  gosh sakes look at how many items are on ebay they are making out like bandits too... think about it people its capitolism at its best... 6.00 is the price I pay to make 94.00 and 20-50 dollar bid packages are the price you pay to try and win a 1,000 dollar item for 10 cents..

The website wouldnt be there if it was all free for everyone... how would they pay their employees?? How would they pay to operate the website?? Where would they get their inventory from??? You think people are just handing these people TV's and Laptops and iPods for free so they can make 15.00 on them??? Lets just use our brains people and realize nothing is as good as it seems someone out there is always making money off of YOU! But still if you pay 300 in bids and $50.00 for an item and $30.00 for shipping and the items true value is 1,000. That is still a savings of $620 for you if you win.. If you dont win then shame on you for spending 300.00 on bids learn to control yourselfs!!!

Just some thoughts and insights for us all!! bid careful and if it looks like a duck and quacks like a duck guess what??? ...... it might just be a duck!!

YES, you PAY for bids. The site spells this out first off, it's not hiding in the fine print. Seems to me most of the folks leaving the negative comments are those that didn't win any items, those that did not read the terms, or those that did not even register an account. If the site does not meet with your expectations, perhaps it is just not for you and you should not participate. Before parting with your hard earned dollars, it may be a good idea to know what you are buying. Once you understand the concept, it may or not be your cup of tea. Opinions are a valuable tool unless they are given without subject knowledge.

Footnote: I do NOT work for Beezid in any way. Just an average auction junkie. Just joined Beezid, but am well aware of the business concept.

I see there are a few misconceptions about legitimate auctions and raffles.

First, I go to auctions all the time and I have NEVER been charged to get in. If I bid, I don't pay ANYTHING unless I place the winning bid.

Second, you cannot charge people to enter a raffle unless you get a special permit and are raising the money for a charity or community service (like a school).  Check out your local laws regarding raffles. If they allow you to hold a raffle for profit, please, please, please let me know. I'd like to raffle off my crappy car and earn Beezid money in the process.

I monitored an auction.

Item: Laptop

For the sake of simplicity: $1/bid (though as cheap as 60 cents or 3 free for all new bidders).

Total # of different bidders: 200+

Total # of bids: 2846

# of bidders contributing 100 bids + ($100+) = 50+ bidders

# of Winners= 1

# of bidders contributing $100+ and not winning anything= 49+

This site is already over-exposed for someone to get a good deal (and are putting on a media blitz and giving away 3 free bids to everyone they're getting to check out their site). For every new person they bring in that's 3 more dollars that you have to spend to outbid what they got for free.

This is a losing proposition. I have no doubt they deliver the product however, it is truely like a lottery only instead of millions of dollars, your getting a laptop...

Is it worth risking becoming 1 of the 49 bidders that put in $100 and didn't get anything for it for the chance at being the 1 in 50 that gets to purchase a product for a discount?

The site is very good at making it seem like placing a 1 cent bid is no big deal however, if you think of it in terms of $1 a bid, I doubt people would be as quick to keep clicking the button like they did on this laptop auction.

Be prepared to give away whatever money you spend on bids on this site (or contact me, I'd be happy to take your $100 and send you a coupon in return).

OK i am a user of the beezid site.

Yes the above mentioned math is correct. The site has no need to make fake bids or bots bids since the number of bids should WAY outweight the cost of the item even based on 60 cents per bid.

Which is why I thought I could work out a system to try and win.

Beezid has autobid functions you can use and something they call a sniper.
The way it works is you give the price range you want to start you auto bidding at and the number of bids you wish to place. Now the sniper is a seperate auto function that kicks in when the timer is down to one second and will place your "sniper" bid in to keep the auction going so long as the price hasnt reached you minimum price you set in the autobidding.

For example. I place my auto bid starting at 5.55 to 6.93 with 18 bids available.
The i put in 15 sniper bids.

Much to my dismay the auction ends at 3.28
see the auction here ---> http://www.beezid.com/auctions/29531

I was monitoring the auction and it only placed 7 of my sniper bids. OK WTF???
Of course i got back 26 bids but this goes totally against what they claim the system will do. Maybe a software glitch but none the less... How can you create a strategy when things dont work as they should.

Not to mentioned I spend much time watching auctions to create a strategy and notice a user "jena50" who placed about 260 bid to win a $100 walmart gift card? how does that make sense. Plus Ive noticed this user win several auction nearing 1000 bids. Seems very suspect unless they have alot of time and money at thier expense.

It's a shame because the site and idea is a goldmine if legit and could be a bit fun if you develope a strategy and understand how the auctions work. Yes, its not ebay and just becasue you click right before the end doesnt mean you win. You have to be the last bidder and no one else bid within a 20 or 30 second window.

I have requested they refund the bit of money ive spend on the site. Approx $50

I've read all the posts, and i think some people just don't get it, and some have the math wrong.

Example:

You win an LCD TV for $87.00

You placed 25 bids on the item. You paid $40 for the 50 bid package, so that equates to $.80/bid (keep in mind that you already spent that $). 

25 bids @ $.80 = $20

Actual purchase price = $87.00

You got the TV for $107, not including shipping.

And you still have 25 bids remaining in your account, or $20. 

As for Beezid, yeah, they made out:

8700 bids @.80 = $6960  (but I don't care how much Beezid makes, I just got a steal)

Yes, you could say that this is like gambling, much like a raffle.  Example:  A local motorcycle dealership is raffling off a new, say..., Hyabusa, and the tickets sell for $40 each.  I would be willing to sacrafice $40 to POSSIBLY win a $10,000 motorcycle.  Now, if said dealership sells 1000 tickets, heck, that's a $30,000 profit for the dealer!  Nothing illegal.  I've read Beezid's website, and the disclaimers, and there are no surprises.  It's all pretty cut-and-dry.  Now you, as an individual, need to exercise some restraint, and figure out how much $$$ you'd be willing to sacrafice to win a given item.  Now, I'm not going to argue the point that they are making an obscene amount of money, but that's capitalism!  I only wish that I though of it!

I saw the ad on Spike today 01/24/10 and Googled it. So let me get this straight.
I pay $1 for a chance to place a $00.01 bid on an item, did I miss anything?
That gives Beezid a 99% profit on everyone who bids, actually a 100% profit on everyone except the winner.

I'd have a better chance of taking my money to Vegas and playing the Slots or Roulette. I sat and watched the site for a while and noticed how bids reset time and time again. I guess the smart "bidder" would sit and wait until the item got to a reasonable price before bidding, but how do I know that the auctions I'm seeing aren't just eye candy to get me interested. So far, I haven't seen anyone win anything, just constantly updated "auctions"...

Is it a rip? who knows unless you actually win once in a while. Who wins? Beezid of course, and whoever might camp out and keep an eye on an items price, one cent at a time...

My big question, how do you know when the bidding gets to where you can win?
There's no way and that's the scam. If you wait until 1 second is left and bid, someone always out bids you. If you wait until 1/2 second to bid, you already lose and the bid counter updates before your bid even reaches the server.

How do you win? There's no way to win, unless Beezid wants you to. How do you know the person who won is real? There's no way to tell at all, it might be a fictitious person created by Beezid as a Bot.

Seeing that Beezid hasn't commented or rebutted once on here leaves me to believe they are a legitimate RIP OFF!

beezid was advertised on the Sci-Fi Channel on Sunday 1/23/2010 between 8PM & 8:45PM EST. I have Dish Network & veiwed it on channel 122.

if I am not mistaken to even enter an auction house there are fee's to pay.  You have to pay to be at the auction and then the auction price is seperate.  I guess I am saying that the fee's on Beezid are to enter the auction.  to have the right to bid.   You can not compare penny auction site's against e-bay.  Here's the thing when you go buy a car do you not look at dirrent dealers and then test drive that car and a few others before you make your decision to buy and even after you have bought the car I am sure most of you still feel like you got ripped off.   Do your research.  When you sign up you are then givin the choice to make how much you want to spend on the chance you have to win.  search engines are a pay per click they just don't charge you they charge the seller.   Is anyone saying that google is bad they made billions last year. Yes they are making money hand over fist.  They aren't hiding anything from you if you read and do your research.  They are in business to make money and also give the chance for people to have items that they would normally not be able to purchase or to just get a great deal on a purchase.  You have to be carefull and manage your money and bids.  Millions of people play the lottery.  Your odds that you will win are sooooo low but poeple still pay that $1 every week and sometimes more than that.  At the end of the day all the reports that I have read through here are complaining about the amount of money this company is making.  Whats wrong with making money? 

This is so easy to figure out.  The dollar amounts they show are fictional  they just choose to make the ammt go up by .01  this give a false idea of the real value.

EXAMPLE  I watched people bid for a $100 VISA gift card  try to follow me if you get this you will never bid on anything again on this site..


At the lowest price you get bids for .60  thats 60 cents..  The bids go up by .01 thats one cent  so if you want to find out how much money the site has collected in true dollars  take the dollar ammt they show and divide by .01 then multiply by .60 cents  keep in mind some people pay  70/80/90 cents per bid..

VISA card $100  current winning price  $5.14  WOW what a deal right  NOT REALLY maybe for you if you got the winning bid for .60 but they made a killing

at $5.14 that means that 514 people paid  .60 thats  $308.40 for Beezid.com for a product they paid $100 for.   

They are not loosing money figure it out  if you see a TV that went for $187.00 and it went up by .01 that means there were 18700 people bid at .60 minimum so they collected $11,220 to pay for a $1299 TV  but they say they gave it away for $187  no they did not they gave it away for 
18700 bids at .60 a piece.. 

HAPPY BIDDING...

Lets do some math on a typical electronic item up for bid.

A. Item list price: $500

B. Purchase by BZ: $400

C. Winning Bid:  $30 (congratulations)

D. Total number of $.01 bids: 3000

E. Cost breakdown of each bid: 2000 @ $.60 + 1000 @$1.00

I must be wrong you say, keep in mind that BZ sells bids as an auction and makes more money per bid on an auction pack. IE 200 bids for $10 = $600 paid = $3 per bid

Are you starting to see the brilliance here.

Math Time:

    2000 * .6 = $1200

+ 1000 * 1.00 = $100

- $400

Total Raked In by BZ $2,800 for a $400 Item. That is a 700% Profit

Sorry I completely forgot about the $30 the happy winner paid.

And where did all that profit come from, you ask? From hard working Americans that think this will be a great way to get something for almost nothing, isnt that the premise of all great scams and or casinos. Very few win and most loose.

If you believe that this site is some how legitimate, lets look at their balance sheet after 6 months. Only drug dealers, mobsters, and casinos make this kind of profit.

Judging from the posts of happy winners that have won multiple times, there must be a strategy that can be employed to improve your odds of winning. This means that new comers to the site are at a disadvantage. Boy, sounds like a casino again. If you are a frequent winner, I can see why you would not want to see this site shut down. So keep posting how great it is.     

First off, I have seen about every positive report discredited as that person being an employee or the site itself boosting themselves with positive comments. Therefore, I will announce that I am not affiliated with beezid except as a consumer.

As a scientist by nature who studies human behavior, I am pretty objective. Late in December, I saw a commercial for beezid.com and went to the site. I had money to spare, so I bought a bid package. On Christmas day, I did this. I quickly won a 16 Gb Ipod nano for $15.96, followed up by a $50 Ticketmaster Giftcard for 15 cents. I paid for these and was enjoying watching the auctions. The only research I had done was on the site (where I had no problems finding out how much a bid package would cost me prior to buying). I also understand the mechanisms by which beezid functions and believe this is an incredible moneymaker and I wish I had computer programming knowledge or the business mind to have thought of this myself.

So this is what happens and why I believe beezid has no reason to rip people off: they make buckets of money! This is not their fault though. I knowingly bought bids and was sucked in. I played on the site for a week or so, then for some reason decided to research the site where I found so many negative comments focusing on the inability to win. I did not have this problem. I also have read some reports of people not receiving their items and this is unfortunate. I got scared...I quit playing on the site, though I did spend some time watching the site and people's bidding practices. 

Today, I was pleased to find my Nano on my doorstep. It had been drop-shipped through Amazon. They paid $168 dollars for it by way of a credit card.  My current standings on Beezid: $260 invested for bids and products and $279 in products (I also won a $50 shell gas card. So I am doing pretty okay, not exceptional, but okay. Part of it is definitely like gambling, that is the rush of winning something for way less than it costs. This is because you have to forget about the bid money you have put into it. Also, people are interesting and it is fun to watch how people respond. It does have a lot to do with luck. You are hoping that someone else wastes their dollar by bidding on it because they are out there waiting as well. And then you may be lucky and maybe everyone else is waiting for someone else to bid and they all wait too long and maybe you win at a very low price. All in all, if you are careful on what you bid on, you can win.

Secondly, if Beezid happens to see this: You may run into problems with the fact you drop-ship items. The report I read today said someone got a popcorn card when it was supposed to be something else. This is something that can happen when you are not buying from reputable sellers, especially on electronics. (Not to say you are doing this, but it can happen when you dont buy from specific vendors).You will need to be careful about this and handle your customers politely when they complain.

About the idea of shills: I doubt there are any as there is no need for the site to have them, they will still make money because people will change their strategy to try to win against the other current bidders and so they will have a neverending flow of real people giving their money away.  

Anyway, its fun and fun for me to watch, but you could lose a lot of money if you don't live within your means with the bid-buying. So be careful with that. It is possible to win though.      

To the person who said i'm probably a scam artist.... No. I'm not. I have a legitimate job working 40+ hours a week and a two hour commute thank you very much.

For every dollar the item goes up (if it is a penny auction), there have been 100 bids. If the TV closes out at $62, that would mean there would have been a total of 6,200 bids.  If the average person pays .80 per bid, Beezid makes $4,960 + $62 + shipping/handling. Your odds of winning a $62 television if you only bid once are 1/6,200.  Good Luck!

If the bid price for a TV starts at .01 on Beezid and reaches $100, that would mean that there were a total of 10,000 bids. If Beezid is charging .80 per bid (total cost per bid when you buy bid package B = 50/bids for $40) and the sale price reaches $100, they (Beezid) will have made $8,000 on bids + $100 + shipping/handling from the winner. I don't think the odds of winning are in your favor.

Speaking of gambling, I will bet that "timmahh" works for these scam artists.  I knew it was a scam when I went to their web site and could not find out how much it cost to buy bids.  This would be a BIG red flag to anyone with an ounce of intelligence.

Please! Use your common sense when using any auction bid site. You mention in your report that it is a rip-off because they make money on the bids that you buy. What are you expecting? It is not a charity organization or non-profit company.

I've seen a $100 item sell for $62.00 which means that the auction site made $744. But I have also seen a $299 PS3 sell for $11 which means the auction site made $132. (formula = $62/.05*.6) $62 is sale price, .05 is increase in price with each bid and .6 is bid cost.

So, just because you didn't win and are upset - don't blame the auction. If you're not comfortable with the possibility of losing what you bid, then don't bid!

You are taking a bit of a risk in the sense that you can bid on items and not win the auction; thus you loose the money you spent on bids.

In addition to the macbook air, I also ordered an apple remote, it arrived yesterday and is sitting on my desk.

This site emulates a raffle drawing. Raffles however are licensed, tightly controlled, and are intended for non profit use. This site must be running under some loophole but should be shut down soon I hope.

Signed up on this site and it took me 5 minutes to see the Vegas/Reno "If it's too good to be true then it probably is" thing in my face, bait and switch, scam screaming at me. I wish I could have convinced myself to be just enough of a ratbag to dream up this Internet Goldmine. I guess I just grew up in a different man's America.

People this is a 'new' scam and if enough people see it for what it really is and get mad as hell and won't take it anymore, we as a collective group can use the legal and legislative process to put this  garbage on the trash heap of scams. This is like any business: hit it where it hurts them most, don't participate in "buying" the scam offered up on the slick TV advertising. Try some .com honestly trying to be honest like e-Bay.

Think about it people, who pulls the arm on the one armed bandits in the world? And, just how legal is it, in most places, to provide the machine to rip you off? I hope they have good suits Esq. hanging around because mine finds shutting this trash down on ethical grounds a great Pro Bono exercise before the whole Internet just becomes a scam.com.

Just a thought-John

This auction site is not a rip off, but it functions completely different than eBay.

1) You buy bids

2) You bid on an auction, if you win the auction you pay the auction price + shipping

3) Individually you get a great deal, collectively the company makes money so they have no reason to rip you off.

So here's how it works, let's use a TV for an example

You just bought 500 bids, for example $500 (it's actually cheaper than $1/bid)

You see a TV, current auction price is $1.. You bid back and forth, back and forth, until on your last bid, you win the auction. Each bid typically jumps the auction price by a penny [some go up by $0.36 each bid], so now the auction price is $100.00. So you pay the auction price + shipping; you've already paid for the bids you used.

So -

$500 in bids

$100 auction price

$50 shipping

== $650 for a $2500 television; a great deal for you.. but the company has made money as well, since the auction price is $100, that means 10,000 bids were put in at $0.01 each, if each bid is roughly a dollar, then the company collectively pulled in about $10,000, and you saved about $1800. Not bad at all; it's really a genius setup.

My Macbook Air just arrived, and I paid close to nothing compared to the retail price. Absolutely fanstastic, though if there is one negative about the whole thing it's that you can end up spending a ton of money and not actually win an auction.

Bid safely, within your limits, but like I said i'm 100% happy and it's NOT fake or a scam!

I can't find anywhere on their website how much it costs to bid.  I know from other websites that they charge $1/bid, but they make you register before divulging that on beezid.  Not disclosing fees right up front is the sign of a typical scam.

Beezid is a gambling site, fraudulently advertised as an auction site. It reminded me of Las Vegas where the social engineers have planned every way possible to get every last dime, nickel, dollar from anyone participating. With an auction, a real one, you are not required to lose money if you are not the highest bidder. This is not the case with Beezid. With this scheme, you are bound to lose money.  

I just have to comment on your rebuttal.  First of all congratulations on getting something for your money spent.

The difference though between this and a traditional auction is you do not pay per bid at a traditional auction.  This is a simply a pay per click gambling site, you are spending money with the slight chance of winning a prize.  Some will win the majority will not.  That is what we call gambling, spinning the slot machine wheels is exactly the same process, just keep em rolling and they will occasionally reward you with winnings in order to keep you playing.  I work in an industry that has a larger than normal percentage of habitual gamblers and can tell you right now that you always hear about the wins but never the losses.  As you will see, you were on the site when it was fairly unknown so less people spinning for the same prize, now that they are doing the marketing blitz if you keep playing you will find your hit ratio drops dramatically.

Another thing, look at the mix of prizes they have listed, they have a lot of small ticket items that are easier to get, these are teasers, they don't care if they make money on these, they are there to keep you interested, then there are the main ticket items, the desirables, ipods, TV's etc., they are there to give the gambling substance, and are the real money makers for the site, then there are the dream ticket items, the cars the trips, etc, these are so they can market the dream to draw people in, "you can win a car for $25.56 just like uberuser35 did..blah, blah, blah..., but now that the site population is growing those lucky spins are going to get fewer and fewer. 

Put simply, this is a gambling site, not an auction site.

If you want to gamble, then gamble, and good luck to you, just know that there has never been a gambler that has walked away with more than he/she has spent.  Steve Wynn even stated such in a TV interview in the early nineties, and if he don't know gambling I don't know who does.

Just to clear something up here...