It's like a slot machine throwing money in hoping to wind the jackpot.
144 Reviews for Beezid.com
Scam, I've had better luck with other penny sites.
After people join and do not win, there will be no more players.
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Stay away...These are real scan artist....Do not be fooled....
Terrible site. What a scam! Stay far away.
Beezid is not technically a scam, but it does take experience to win. You have to watch several auctions, and waste some bids in the process to learn how to play the game. NEVER EVER buy the bid packs they try to sell you. Only buy the ones that you win by bidding for free. Those bids only end up costing you .10 to .15 cents each and is where you save your money. So far, I've spent about $100, and have won 5 Playstation 3 games, a movie, veggie steamer, itunes gift card, alarm clock, and a few other items. It is gambling in that you risk your money, but all in all, if you can stand the frustration while you figure out the system, you can win.
I signed up and did win a few gift cards and a hair trimming kit, but overall I'd recommend to stay away from this site. Most of the big items--TV's, entertainment systems, high priced gift cards($200+)--are nearly impossible to win and will usually take many hours before the auction is over. I saw a $500 gift card take 5 hours. I've also seen someone spend $1300 to win a $100 gift card, while severa losers spent close to that much on it. I can only think that the people that bid on this site are the same type that will spend a week on line to get the new iPhone as soon as it comes out. If you don't have that mentality, then don't bother. I won a $100 Amazon card for about $50, but it took about 2 hours. I did not win most of the auctions I bid on, but ended up paying full price for the item and an additional cost to get all my bids back. Is it worth spending several hours trying to get an item for 10% off if you're lucky? I dont think so.
I saw the ad for Beezid, and it looked pretty cool, so I decided to try it out. It said that I had to be a member to buy anything, which was pretty reasonable, so I signed up. I was about to go to the electronics category, and it automatically took $70.00 from my credit card and I hadn't even bought anything!!!! I am so angry that my money has been wasted on nothing! The reason that it used my money, was to buy some sort of "bid pack," that lets you bid on stuff! I was outraged, because I was only testing the site out, and didn't want to purchase anything in the first place! I do not recommend beezid.com! You want nothing to do with it!
I jumped in with both feet (not unlike so many others ) and got whooped. If you must play, you should get the largest available bid pack. with the correct code you should be between 13.75 and 18.3 cents.One word of advice to all newbies- you cant win an auction untll the timer reaches that timer reset number, so dont bid until then.
I received a call from Beezid.com Tips & Strategy representative on 12/21/2012. Her name was Courtney. She tried to sell me bids. I already felt I had wasted $60 when signing into the website that I could not get back. I was not interested. Courtney proceeded to tell me that I could win an Apple ipad and a $500 gift card. I said "Can you guarantee that?" She said "Yes, I can guarantee that if you follow my steps, you are guaranteed an ipad and a $500 gift card." STUPID me said okay, only if you can guarantee it. Therefore, I purchased the bids at $500. Needless to say, I was obsessed with following Courtney's steps exactly! I bid on one auction for 8 hours Christmas day and lost 2323 bids @ 60 cents each! She never informed me that we could us a BUY IT NOW and get all our bids back. She also never informed me that the promo bids expire in 7 days from purchase. Therefore, I had to sit at the computer to use the bids I purchase during Christmas holiday while a zillion other people would be bidding on items too. They only reason I purchased the bids is because she guarantee them, but when I called and talked with her on the phone her response was that I should have watched the auctions closer. Therefore although it was guaranteed, they would not fund back any of those bids. What's worse is I was on vacation in Cancun and had to use the bids or they would expire. This company uses guarantees to get a purchase, but then will not stand behind them. Totally unprofessional and I would advise everyone out there to stay clear of this company and website!
SCAM! Don't waste your money or time.
Beezid is a total scam. If you bid on an auction and lose, you still pay full price for the item and they restore your bids. If you never win an auction, you never have the chance to regain your original investment in the bids you purchased. I purchased $60.00 in bids and participated in two auctions. I ended up paying full price for both of the items I bid on, plus racked up $9.98 in shipping charges. Stay away from this site!
Customer Responses, Reviews, or Complaints
Average Rating for " Beezid " is 1.84 out of 5 based on 83 reviews.
Jodi Hawks says:
December 30th, 2012 at 3:48 pm
WARNING….BEEZID IS A SCAM AND WILL RIP YOU OFF.
I was SUCKERED into buying a promotional bid package. I PAID FOR 500 bids that were split. The problem is the 200 “BONUS BIDS” I paid for can’t be used. I was bidding away and all of a sudden I ran out of bids with 190 showing in “Bonus Bids”. The rip off is you have to BUY more bids in order to use the “Bonus Bids” you already paid for.
STAY AWAY FROM BEEZID OR THEY WILL RIP YOU OFF. There are other sites that treat you fairly and DON’T TRICK YOU WITH THE FINE PRINT!
Ugh, don't even try it. SCAM!
We got ripped off twice.
I do not understand why these kinds of websites thrive on the Internet. Is it because humans are really greedy in nature? But why exploit that greed? In my opinion these kinds of business platform will always be a fraudulent one. How can we know if there's actually a bot that will always win in majority of the biddings? We will never know. Until these kinds of sites can solve this problem, it will stay fraudulent.
It is great... for the owners. It is a rip-off for the users. Allow me to explain: You purchase bid "tokens" that enable you to place bids on items. :Each bid raises the cost of the item by a penny. You may indeed be able to purchase an item for pennies on the dollar... IF your timing is right and all other bidders have exhausted their bid tokens or given up. How does this website make money selling items for pennies on the dollar? Simple... you don't purchase the tokens for $.01 each... they cost a lot more than that, even if you purchase in bulk. So if they get, say, 1,000 bids ($10.00) on an item that has an; MSRP (Manufacturer's Suggested Retail Price) of $100 and that 1,000th bid wins the item, then it looks like a great deal for the winner, Hey! A $100 item for $10.00 !! But understand that this means there were at leat 1,000 tokens purchased by consumers for the "priviledge" of bidding on this item. At the current MINIMUM price of $.60 per bid token (if bought in bulk, at the time of this review) that means that the website owners made a nice, tidy profit. 1,000 bids x $.60 per bid token = $600.00. Yes, SIX HUNDRED DOLLARS minimum for an item with an MSRP of $100.00... which they probably were able to purchase in bulk for $50.00. Since the bidder has to pay the bid price for the item, let's do the math: Cost = $50 plus the fractional cost of doing business (payroll, bandwidth, servers, etc.). For the sake of argument, let's say their fractional cost is $1 per auction, though it is probably far less. So their cost is $51. The item sold for $10.00 so they will get direct payment from the buyer, thus the item then cost them $41.00 (the buyer pays shipping). The profit? Well, they sold a MINIMUM of $600 in tokens, so... $600.00 - $41.00 means they made a profit of $559.00. Not too bad for a few minutes of work. So the owners of the website are the winners. Does that make everyone else a loser? Well, only one person won the item, and maybe they only spent one token ($.60) to win it. But that means that in our example that 999 tokens were spent NOT getting anything. You only come out ahead if the total amount of tokens you purchase is less than you would have spent on the item in a store. You decide.
The site was legitimate for a while but is not anymore. They have a huge tax and penalties burden owing to the Canada Revenue Agency and Revenu Quebec, and they're doing everything they can to raise $$$ to pay that off before they're assets are seized and they're forced into bankruptcy. By "everything they can" - shill bidding to raise prices/more bids needed to win, plenty of "technical glitches" where suddenly the auction is over and the "winner" is nothing more than a beezid employee account, and rather than refunding all bidders in that auction, each bidder has to contact them individually to have their "concern" investigated, often getting nothing in return or just an offer that Beezid will give you a double-up if you purchase ANOTHER large bidpack (smoke-and-mirrors to distract from the real issue that the site glitched and you lost bids - don't get caught up in the feeling that you're getting a great deal by buying MORE bids!), or if you're persistent enough and have a screen or video shot of the glitch, they'll maybe just refund your bids used in that auction.
I can vouch for them having been legit at one point - look me up on allpennyauctions.com - username Teletubbiechef - I had won a ton of stuff there. But then they got caught by the gov't for not collecting and paying taxes from all their Canadian users, and now owe well into the hundreds of $1000's in taxes and penalties, and that's when they began employing underhanded techniques to get as many bids as they can to be used in each auction to drive up the prices (profits) etc. and censor any critics who have noticed and commented on these things (their Facebook page is now a joke with fake "users" posting rainbows-and-unicorns BS about how great it is and the great deals) - desperate times apparently called for desperate measures, and this website is deep into the desperate measures now.
The way it is now configured--with too many wins possible for deep pocket and obsessed with winning gamblers--stay away! They have many 'cherry auctions' to entice first time winners-only to be wiped out by the big bidders after. The site is happy to make money this way with the pawn shop and rich bidders doing in the constant flo' of new naive players. If you must penny auction--avoid Beezid till some rules on number of wins changes---other sites are more even a gamble....
BeeZid was the second penny auction site I tried. I took a beating at first because I was green and new to the penny auction world. I didn't study the bidding patterns and watch the site I just jumped in with both feet only to have my lunch handed to me. I blammed the site for my poor bidding and inability to win any auctions. I spoke to their customer service folks and paid attention to their advice and suggestions on how to get started. The problems I had were not those of BeeZid but my problem because I thought I could win a 50" LCD TV with 60 bids. I imagine someone has done that but it would be very rare. The major issue with BeeZid is the number of Power Bidders or as I call them Sharks. They must have hundreds of thousands of bids and want everyone to know it and step aside. At first they mainly went after the large ticket items but now they also want to gobble up all the small fish by bidding on the $25 gift cards and low value items. I don't know what they do with everything they win and most must have a warehouse to store their winnings or a business on the side selling their won items. After careful observation and some searching on the internet I found lists of the top 50 winners on most sites. I would suggest you look these up before bidding. These players have no problem bidding over and above retail just to save their ego and status. You will also notice you very rarely see any of these Power Bidders in auctions with other Power Bidders. They like and respect each other and find the small fish more tender and plentifull I like the site but not how the rules are handled. It seems if you have enough money you can buy enough bids and locks to allow you to play 24 hours a day 7 days a week. They cater more to their Power Bidders and someday when all the little fish are gone they will have a problem.
In my opinion this site is scam city. Lohan's backing goes to show how low a person she is and that she is all about money - thief Lohan honoring another.
So I made this account solely because of the reviews I saw for this website. However, I wanted to wait until I received some of my items before I left my review.
1. For those of you leaving reviews before you even used the site, that's just ridiculous.
2. For those people out there who had no idea how the website made money or how it worked, that is YOUR fault. Before I even made an account, I watched bids, did a little research, and learned exactly how they make money and how you can win items for really cheap. Or you can lose money. Somehow they have to make money or it wouldn't be a business.
3. This is my review. I think this is a pretty genius idea. And actually, everyone I describe the site to also agrees. The company has the opportunity to win lots of money on products, or sometimes they don't make any, and the winner of the auction has a good chance to get a really good deal on a brand new item. You have to be smart, strategic, and sometimes just have some luck. I agree, this site can be a little bit like gambling, but from the first day I knew what the site was about. It is pretty obvious and they don't try to hide it, so stop blaming the site when it is really just your lack of common sense.
If you are trying to win a big item with only a few bids, you don't stand a chance, because there are people who make a living off of this and have thousands of bids. I have a feeling this is what everyone on here went for on their first try, didn't use the autobid feature, and just threw the bids at the item assuming they should be able to win. That is YOUR fault, not the website. I won 6 items in about 2 weeks, and the biggest ticket item I won was a Nintendo 3DS for around $25 with shipping. I have received all of my items and they are brand new from the manufacturer. However, it's true, I am probably a little behind in the money I have spent vs. how much I gained in my items.
For anyone going to use this site, watch a lot of auctions before you try to win one. I watched auctions for at least a week before I even attempted at one. Learn patterns, times of day, certain big spenders to avoid, and then you better your chances. For example, I won most of mine in the middle of the night when fewer people were on because I am more of a night owl. Also, learn how to use the autobeezid, it is the most powerful weapon on the site. I would leave 4 stars because of the phone calls you get (I changed the phone number on my account) and it takes a while to ship, but the stupid 1 stars on here bring it down enough.
Total Scam. Do not waste your money.
There's a new auction site which isn't exactly eBay, though it does offer some good deals, is Beezid – <a rev="vote for" title="Beezid : Auction excitement, but it will cost you" href="http://personalmoneystore.com/moneyblog/2010/03/08/beezid-auction-excitement-that-cost/ ">Beezid</a> has a penny auction category, and you can get great prices, but you also have to pay to play – it can cost you up to $1 to see the highest bid. So if you make 20 bids, and pay each time, that could be up to $20 to win the auction, and if you save less than $20…you lost money. Oh, and you don't get that money back if you don't win the auction. This could send you running for payday loans if you don't use it right.
whatever...itis a scam, they just changed the fomat, all you win is bids now, every hour and sometimes two hours they have an item for auction, it use to be every 15 minutes was an auction, they got GREEDEY so I closed my account, you syupid fools and your money will soon be parted, you can win items...but not all the time. I will buy what I want and put my money in the bank.
It appears from researching that these "auction" sites are everywhere with the same concept. Multiple bidders with auctions lasting hours generating pennies to dollars each bid and the ultimate "winner" could very well be only a programmed number or name to make it appear that someone (human) won when in fact, it could be that there was no product being sold (only a photo of that product) and really no winner (only a pre-programmed name). In our world of conception and scams, it is questionable if even those remarking are for real. So far Bidaboom.com, Zambid.com, Quibids.com, and Beezid.com all do virtually the same thing. Beware trying to save a dollar....it could cost you hundreds and you won't win or get your bids back.
When evaluating a site based on people's reviews, it may be helpful to look at how many apparently independent reviews have appeared in a single day, and how many reviewers haven't reviewed anything else.
Ya'll left out one site bidsauce.com. They have the same concept as the others. I have won stuff off the site but it's cost me hundreds to do it. However, I still haven't received an item I won in Oct. They said the shipper they use just stopped shipping stuff.
Ok people beezid is not a scam! They are not doing anything dishonest to make their money, what they did was set up a gambling type website where you bet money that you will win the auction and if you don't win you loose your money. The people winning the auctions actually have tools and strategies they use to help them win which puts people without these tools at a steep disadvantage. Check out www.beezidblog.com for more info
All I can say is I wish I had done my homework before signing up for Beezid and spending $40 of my hard-earned money. I don't like the site at all. Beezid only has a paltry number of auctions going on at one time. Since I'm new and haven't won an auction, I can participate in a 'cherry auction'. There are only 2 cherry auctions available to bid on: a 100-bid-pack and an Avatar DVD. How boring. I don't want to bid on the Avatar DVD and I'm bound to lose a lot of bids trying to win the 100-bid-pack because the auction doesn't start for 20 minutes, and idiots have already jacked the price up to 54 cents! Unbelievable. I'll tell you this... Quibids is waaaaaaay better. I won 3 auctions yesterday. The only reason why I signed up for Beezids is because Quibids won't allow you to win more then 3 auctions in a 24-hour period and I wanted to check out another penny auction site. I feel sure I've wasted $40 signing up for my initial bid pack. :(
Pennyauctionman s. said,
"Ok people beezid is not a scam! They are not doing anything dishonest to make their money, what they did was set up a gambling type website where you bet money that you will win the auction and if you don't win you loose your money. The people winning the auctions actually have tools and strategies they use to help them win which puts people without these tools at a steep disadvantage. Check out www.beezidblog.com for more info"
They are a scam if they advertise themselves as an 'auction' site and not a 'gambling' site. If they told you up front that you are betting on an item and not 'bidding' on an item that would be different. They are purposely using 'biddin'g which implies auction and loser keeps his money vs betting where the the loser 'loses' his money.
That is a clever 'scam' but it is still a scam!
why does everyone keep saying that advertising as an "auction" site means it's a complete scam? yes I agree, it is more like gambling than anything else. but from the first day i was on the site (which has only been like 3 weeks) i was completely clear on how it was set up, how they made money, and how i could possibly get a good deal. they have to have a way to make money, so the people who lose the auction are the people who they make money off of. the person who wins gets a great deal (most of the time). this does not make it a scam at all... i just don't understand why people think just because they lost money that means it must be a scam. you have to be smart about it. i watched bids for over a week before i even tried for my first item. and you have to choose a good day and time to bid to have the best chance as well. i watch many items and bid on MAYBE one item a day. people who find the first thing they want and go for it right away are going to lose. end of story.
does it cost money to sign up for beezid.com
$#*! beezid it is a $#*!hole
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