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  • Topic: Beezid Scam

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    • May 12, 2011 1:28 AM PDT
    • Beezid Scam

      Wow, these things seem to be popping up at a dime a dozen. I don't know how many of ya are familiar with Penny auctions, but a penny auction is a place where theoretically, you can get very expensive items for a fraction of the retail price, although it is seldom as simple or as penny-ish as commonly believed. I read Wallace's post on Quidbids and started doing a little investigating of my own on penny auctions, and at first, I wasn't sure I understood them, but then I began to realize how they operate, which is more or less all the same, with subtle differences based on the company. The one I'm focusing on today is called Beezid.com. The first thing I noticed about all the reviews I could find, was that they were all negative. Now being that I have been trying really hard to be more neutral and fair when it comes to these things, I wanted to be much more open-minded and dismiss the complaints as the usual negative percentage. This was hard however, because the complaints I have found seem really legit, so much so that I am a bit leery of penny auctions in general, but lets get into some details.

      Beezid has a doom prophet that seems to follow its Internet chatter. By that I mean a reoccurring complaint from various people that they feel as though they are bidding against bots. See with a penny auction, you are hoping to land that fancy item you want for pennies, the problem is that it will cost you a dollar every time you bid, so if you try really hard to get that old copy of Cowboy Beebop on VHS for 99 cents, you have to pay a dollar to outbid the next guy every time he bids a cent over yours. You can imagine the costly struggles that soon ensue. Another popular complaint is that people visibly won the auction, but no product is ever actually received.

      Put simply, Beezid works by selling the actual bids, unlike EBAY, where the bidding is basically free while EBAY gets a cut of the transaction. They even sell bids in packages, so you can buy a pack of say 20 bids at a set price....sort of takes the "penny" out of the auction don't ya think? I actually read a blog about a woman who's husband is so addicted to Beezid that they actually place little wagers on chores as to what username will win the auction. The toughest challenge I see when it comes to this kind of thing is that its hard to find someone that you're certain isn't a bot, or a Beezid representative. That makes it hard to find anyone who has actually received their winning bid product and get an honest opinion. I did find a letter on the Internet that a woman wrote expressing her intense frustration with Beezid in regard to being sent countless automated Responses to her issue. In her letter, she described how she had officially won a bid on two items, with the confirmation telling her "ENDED" in addition to giving her item confirmation numbers. Moments later, the bid counter restarted, essentially restarting the bidding. Obviously, this is a problem. What it amounts to is that she was now charged on all of those bids she placed, and never won the items, even though technically she did. In an environment like that, who can police and prevent a company from simply having bots outbid the customers until they have extracted enough....pennies...

      Beezid as it is now doesn't seem like a viable company to get involved with, and due to a major shortage of positive feedback, I have no choice but to place this in the scam section. The golden lesson here is that it is a rare occurrence to truly receive something awesome for free or close to it, and the old saying, you don't get something for nothing really does ring true. We are often promised that we may receive "deals" etc, but generally, there is always a string attached, and you are better off knowing what the string is, like on Ebay. You may not get the super discount you were looking for, but you can at least trust in the system to do what it says it will do.

    • May 12, 2011 4:07 AM PDT
    • Beezid Scam

      Is Beezid an MLM company or company trying to take the Dubli model? I remember several companies all popping up just prior to DuBli that were doing these funky penny auctions. One was literally run out of an apartment in Huntington Beach - the premise was the lowest not matched bid would win the prize.

      So the way it worked was, lets say there was an iPod "Auction" - auction probably isn't the right word, because auction seems to imply its going to the highest bidder. Maybe 'pseudo-auction" or "faux-auction", anyway, I digress.

      Let's say the item up for "auction" was an iPod. People would use credits ( paid credits of course ) to enter bids. Of course, someone's going to bid on 1 cent and 2 cents and so on, so the goal was to be the lowest unique bidder. If you thought 17 cents was going to be the lowest unique bid, and multiple people had bid on 1 cent through 16 cents, and of course random bidders throughout the spectrum over 17 cents, then you would win.

      My problem with the whole thing was how easy it would be for the company to scam everyone. As in the owner calling his friends and saying "Hey, buddy, I can see into the database...bid $1.17 on this plasma TV and then I'll just kick you 100.00 when you win,", or, "when you win that plasman TV we're going to sell it on Ebay and split the money"...

      That business is long gone now, but is this the same premise as Beezid?

      Maybe Beezid is a bigger company and the owner isn't calling his buddies, but If Beezid is actually using bots to counter paid bids, then Beezid is most definitely a scam.

       

    • May 13, 2011 1:24 AM PDT
    • Beezid Scam

      Hey Doc,

      To put it into perspective, Beezid basically is Dubli, only more of an obvious scam in my opinion. I really went out of my way to find people with good things to say about Beezid and I came up flat, finding only those biased "join us" reviews that aren't really reviews but testimonials disguised as reviews. I hate to be Mr. negative on this one, but I really can't seem to find many nice things at all when it comes to Penny Auctions in general. Though in Beezid's case its a bit worse, because the more I read the more I realize it seems like a giant empty auction with bots attempting to outbid the consumer while the owneer collects the subscription bid points. Kind of ingeniously simple really. In Dubli's case, they are just another visual feed of Bigbrandmall.com. Also if I'm not mistaken Dubli is still operating but has been shut down in a few places. Dubli is better at the scam, but Beezid is basically the same thing in an inferior package.

       

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