Swipebids is an auction company that you are supposed to be able to buy things at a reduced price for very little money. You are supposed to be able to buy bids for 10 cents each and when the bidding ends,( after a preset time) if you were the last bidder you win the product.
I thought I would purchase maybe a hundred bids and see if I could win something that I wanted.When I hit the "Purchase Bids" button, I found out they had preset what they call a "Large Bid Pack" of 300 bids for $150.00, which they almost immediately charged my Debit card. When I called them about it, they said the second order for bids would be 10 cents a bid, not the first. I asked them where that was stated on their website and he admitted it was not on there. These bids cost 50 cents instead of the 10 cents that was advertised on their website.
I asked for a refund and they refused.I checked their auction and it starts out at a preset time, but when it get down to where the bidding time is almost over, (usually about 12 seconds) about 10 seconds is added after each bid so the time will not run out.I also noticed some bidders will have the high bid but will bid again anyway to keep the time from expiring.The only reason I can see they would want to do this is because they are company employees whose job is to run the price up and not allow the time to expire until they get the money they want for the item. I noticed that some of the winners are these same people. Also if the bidding is slow, they will add as much as 2 minutes to the time for it to end.
I also noticed they are selling the same items over and over again. I don't know if they have a large inventory of these items or if they are the same ones.When you bid, the price increases by 1 cent. If the last bid is $35.00 which is what most of the higher priced items stop at, it means they have had 3500 bids on that item at 50 cents a bid or $1750.00 for a $600 item. You also have to pay the bid price plus shipping to get the item you won.This is the biggest rip-off scam I have encountered so far on the internet. I have filed a complaint with the FCC and BBB of Utah, but have heard nothing from them as yet. If you receive an Email from them asking you to join the auction, DELETE it immediately. You will lose your money and have nothing to show for it.