What am I not understanding...how could this possibly be legit? - Homesteading Today
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  #1  
Old 12/11/08, 11:02 PM
 
Join Date: May 2008
Location: Northern Kentucky
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What am I not understanding...how could this possibly be legit?

So I stumbled upon this website today: http://www.swoopo.com/ ...just thought it was another auction website....but then I noticed the insanely low prices that items were being purchased at. This website cannot possibly be legit...can it?
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  #2  
Old 12/11/08, 11:17 PM
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Location: MS
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http://www.swoopo.com/help.html

Every time you bid, it costs you 75 cents and you can only buy bids in lots of 30 or more?

Hmmmm...what's stopping them from "bidding" against you so you'll keep bidding and spending those bids you bought?
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  #3  
Old 12/11/08, 11:24 PM
 
Join Date: May 2008
Location: Northern Kentucky
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I still don't 100% get it...and I've read all of their info on their help page...wander if anyone here is a member of this service?
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  #4  
Old 12/11/08, 11:34 PM
 
Join Date: Dec 2008
Location: Illinois
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Google it. It looks like you pay whatever you bid even if you don't win the item???

http://www.crunchgear.com/2008/09/24...pping-or-scam/
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  #5  
Old 12/11/08, 11:42 PM
 
Join Date: May 2008
Location: Northern Kentucky
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Yikes. I'll stick with Ebay, thanks!
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  #6  
Old 12/12/08, 09:27 AM
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Quote:
Originally Posted by Ravenlost View Post
Every time you bid, it costs you 75 cents and you can only buy bids in lots of 30 or more?
Quote:
Originally Posted by Joshie View Post
Google it. It looks like you pay whatever you bid even if you don't win the item???
Why would anyone use that service?
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  #7  
Old 12/12/08, 09:38 AM
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Quote:
Originally Posted by ladycat View Post
Why would anyone use that service?
Failure to read the fine print.

Two points to remember:

1. Google can be your friend.

2. If it sounds too good to be true, it probably is.
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  #8  
Old 12/12/08, 09:51 AM
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Join Date: Sep 2008
Location: Wisconsin
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sometimes I think

Ebay just bids you up, too. Seems noone bids until I start to....Hmmmmm.
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  #9  
Old 12/12/08, 09:58 AM
 
Join Date: Dec 2008
Location: Tennessee
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Old proverb what the big print giveth the small print taketh away
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  #10  
Old 12/12/08, 10:35 AM
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Originally Posted by granny64 View Post
Ebay just bids you up, too. Seems noone bids until I start to....Hmmmmm.
That's not ebay doing that. It's proxy bidders. I usually do proxy bidding myself at ebay. But sometimes there are 2 or 3 other proxy bidders doing the same item.
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  #11  
Old 12/12/08, 11:22 AM
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Join Date: Dec 2004
Location: Iowa
Posts: 2,363
funny

Well, you pay say $3.00 for a camera, plus a .75 bid. Now someone else bids. Then you bid and automatically the amount of time goes up, as they add "20 seconds each time a person bids", your price goes up by .90, because it goes up .15 for the actual price and .75 for your cost for bidding, so, now you are up to paying $4.65, and someone else gets another chance to bid, and then it would go up another .90 and the time increases again, on and on and on until people get tired of bidding. Your cost actually is .90 per bid, and it also shows that some of the items, like the TVs have "fixed prices", so those won't even sell until the fixed price, or reserve is met. Its fine if you like to pay .90 per play to play a waiting game, but otherwise, it's going to get quite expensive by the time its done and a 10 second auction could take days to get over with, so the price is higher in some cases than ebay.
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  #12  
Old 12/12/08, 12:17 PM
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I like eBay, but only use the "Buy it Now" feature. I've gotten some good deals without being tempted to go higher than I need to. Often bidding gets higher than others are selling it for right away. I'm getting a lot of my Christmas shopping done this way! The boxes arrive every day. I'm starting to feel like the guy in Weird Al's "What I Bought on eBay" song.
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  #13  
Old 12/12/08, 12:54 PM
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Quote:
Originally Posted by edayna View Post
I like eBay, but only use the "Buy it Now" feature. I've gotten some good deals without being tempted to go higher than I need to.
That's exactly why I like proxy bidding. I put in the maximum amount I'm willing to pay. Then if I get outbid, oh well...
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  #14  
Old 12/12/08, 01:51 PM
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Same here Ladycat!
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