is swipebids.com a scam ? In my opinion no but a better question is whether its worth your time and your money. Based on my research i would stay away from online penny auctions. Sure there are winners but there are also a lot more losers and the only people who tend to get rich from or make good money from Penny Auction Websites are the owners.
SwipeBids.com and Penny Auctions Explained.
before you sign up for any penny auctions website there are a few things I think you should understand first. Firs let me explain ebay. at ebay only the winner has to pay for the price of the item. On Penny Auction websites like SwipeBids.com everyone who joins swipebids.com and places a bid pays for the price of the item. Remember there can only be one winner at a penny auction website.
At swipebids you bid with things called “credits” which in reality is your money. These credits are also “NON REFUNDABLE” this is why you will hear many people calling penny auction sites gambling, personally i don’t think it is gambling but its a strong argument.
SwipeBids.ocm is Very time consuming
let me make something clear here people do win at websites like swipebids.com but what winners don’t usually tell you is how time consuming it really was. Just go to swipebids.com and watch how long it takes for a bidding war to end. The timer resets itself more people bid more NON REFUNDABLE credits are lost Swipebids.com makes a ton more money. I won’t call it a scam but if you can follow what i am saying here you can clearly see why people feel these penny aucions sites are scams.
The SwipeBids.com review is it Scam
now in terms of SwipBids.com scamming people i’m hearing all types of cases personally i can’t confirm any of them because i would never sign up to any penny auction website and my reasoning is because of the information I personally know about penny auction websites. Another reason is TIME. Time is precious, time is money i’ve heard people say they spend hours at penny auction sites just to win Vouchers to get more credits lol.
i don’t like people telling me what do with my money so i won’t tell you. Do what you want to do with your time but i am making this post to warn the public not to sign up with swipebids.com. This is my opinion and don’ let my opinion stop you from signing up. SwipeBids i’s not a scam from my understanding but it sure looks like one and i say stay away.
Please leave comments below also for my Quibids.com (another similar penny auction website) click here
5 thoughts on “SwipeBids Scam”
Thanks for the post! Penny auctions are very interesting, a lot of people think they are a scam, but in reality they are just another game similar to gambling.
Perhaps I can just add to this that the best way to guard against being ripped off by online sales or auctions of any kind, Craigslist and eBay included—and whether seller or buyer—is to use a *bona fide* online escrow company. Especially for pricier items like antiques, jewelry and autos. Although it does add some cost, it takes the uncertainty out of the transaction, and that’s a small price to pay for peace of mind.
For my money, the best bona fide online escrow (and there seems to be ten fraudulent escrow sites for every bona fide one) is probably Escrow.com (http://escrow.com). In fact, it’s the only one that eBay recommends, and is the only online escrow company that is licensed to provide escrow services all across the United States.
Just wanted to say Swipebids is definately 100% a SCAM. How do I know? Because I was scammed. After realizing I was charged $150. I immediately asked for a refund. I was then told by them that I needed to follow their money back guarantee. I also notified my credit card company and had to go through the money back guarantee conditions. After fullfilling every condition and a month later guess what? They told me yes, you qualify for your refund and they received my refund request which cost me about $5.00 USPS confirmation, but they will not refund my money. They told me to file a dispute with my bank. Which luckily I already did. I just got a temporary credit from my bank and they are currently dealing with Swipebids. So if you are thinking of trying Swipebids, DONT they are a SCAM. I am so upset that I am looking for sites to post my story and warn any potential victims of the Swipebid site. Also this is just a short summary of the frustration I have been going through dealing with them.
thanks for sharing your story
SwipeAuctions is a RIP OFF.
I just wrote a BLOG on my Web Site about my bad experience.
Comments are closed.