• Beezit

Is this your business?

Claim your listing for free to respond to reviews, update your profile and manage your listing.

Claim Your Business
Is this your business?

Overview

Beezit has a rating of 2 stars from 6 reviews, indicating that most customers are generally dissatisfied with their purchases. Beezit ranks 92nd among Penny Auction sites.

How would you rate Beezit?
Top Critical Review

“Dam thing is still parked”

B M.
3/6/10

Dam thing is still parked. So they bought a domain name, and there is no content as of 3/6/10. Really need some competition for ebay-they are way too expensive for sellers and rights have diminished to a point it is no fun to list anymore-I am bored after 9 years and sick of giving away 10-12% on every little item that sells and 9% for those that don't!

Reviews (6)

Rating

Timeframe

Other

Thumbnail of user bm4
1 review
1 helpful vote
March 6th, 2010

Dam thing is still parked. So they bought a domain name, and there is no content as of 3/6/10. Really need some competition for ebay-they are way too expensive for sellers and rights have diminished to a point it is no fun to list anymore-I am bored after 9 years and sick of giving away 10-12% on every little item that sells and 9% for those that don't!

Thumbnail of user ivoe
1 review
2 helpful votes
August 2nd, 2010

I should read the review before I bought the bids i lost 27dl. Is great business for the owner making money like crazy. But is a rip off as costumer I just back to buy in e-bay where i don't have to buy my bid… don't use beezid.

Thumbnail of user davidr9
2 reviews
8 helpful votes
April 10th, 2010

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.

Thumbnail of user bt
1 review
2 helpful votes
March 24th, 2010

It appears that you have to purchase bids to get in on the "huge savings". I am not paying $$$ to buy the right to bid on a product. Huge turnoff and I quit looking at the sight after I saw that little tidbit of information.

Thumbnail of user timb2
1 review
1 helpful vote
March 7th, 2010

That's because the correct URL is beezid.com not beezit.com. Type in the correct URL and you'll find your auction site.

Thumbnail of user marilyne7
1 review
0 helpful votes
December 12th, 2015

Jewelry

Sitejabber for Business

Gain trust and grow your business with customer reviews.

How do I know I can trust these reviews about Beezit?

  • Sitejabber’s sole mission is to increase online transparency for buyers and businesses
  • Sitejabber has helped over 200M buyers make better purchasing decisions online
  • Suspicious reviews are flagged by our algorithms, moderators, and community members
Have a question about Beezit?

Is this your business?

Claim your listing for free to respond to reviews, update your profile and manage your listing.

Claim Your Business