SCAM RIPOFF CRIMINAL
This site is a very, very cleverly designed total ripoff!
You buy credits for one dollar each. You then bid on an item with a very low price. Sooner or later someone 'wins' the item.
The details? You are locked into a one dollar bid (one of your credits) but that 'bid' only increases the item's price by 2 cents! The math? 2,000 people bidding one dollar at a time will increase the item's price by ONLY $20!!! This LURES hundreds of people to "SIGN UP NOW!" and try and get an item for a fraction of it's current store price.
Here's the criminal ripoff: YOU LOSE YOUR CREDIT ($1) AS SOON AS THE NEXT BIDDER BIDS! NO REFUND!!! That means 5,000 people each bidding ONLY 1 credit (your $1 credit) will increment the auction price by ONLY $50!!!!! YIKES!
If you see an item, like a $300 Sony PlayStaion 3 going for $30.00 then that means 3,500 people have bid 1 credits each to increase the auction price by 2 cents each and THEY HAVE ALL LOST THEIR MONEY!!
To make matters MORE criminal, they add 20 seconds to the auction FOR EVERY BID!!! That means if you are sitting in your chair watching an auction for a Sony PS 3 and yours is the last bid when the auction counter hits zero, 20 seconds times all the bidders is added. Even more criminal: they do this when the auction ends by adding 20 seconds in groups of minutes, not hours that are the true extension due to thousands of bidders bidding.
Who wins? The last bidder (if there is one aftyer thousands of people have been ripped off of thousands of dollars), and BidFun.
EXAMPLE:
An auction is listed for a $300 Sony PS 3.
You buy credits ($20mminimum of course!)
Each time you bid on this item you raise it's final auction-end price by 2 cents.
Someone else sees that a Sony PS3 is going for 10 cents. They sign up and start bidding.
Everyone gets nutty because they haven't read the hard-to-follow rules and bids like crazy.
The auction-end counter keeps on going and going after the original auction end time, for up to hours. This entices more people to sign up.
You can have a 'ROBOT' automatically increment your bids when you are overbid: actually - 'auto rip-off of non-refundable dollars!
Someone (theoretically) finally wins the Sony PS 3 for, say $60.
$60 means that the auction has been increment by two cents 3,000 times!
BidFun makes $3,000 PLUS the $60 final price, for a $300 PS 3 (if they paid full price for the item and not wholesale).
That means BidFun has made $2,760 dollars profit by rigging a false-increment locked-in-bid-amount NO-REFUND-ON-YOUR-BID scam.
$2,760 for a $300 game!
It's a crime.
Most people are caught up in the low price of the auction and get a dizzy until they lose hundreds of dollars and sign out or figure out the scam.
Buyer Beware! This non-refundable bid auction scam is popping up like weeds in the summer all over the internet.

Votes (2)  •  Comments (2)  •  Link to this review

View all 2 comments

Ted R. What is criminal about what you;re describing? Souinds just plain brilliant to me.

4/1/10  •  Votes (0)

Zorgon Z. It is brilliant, and misleading and fraudulent: that's what makes it criminal. Add to this the fact that there are 'bidders' 'winning' dozens of 'auctions' over months, all with the same user names. Try and find some one who actually 'won' an item... you'll be hard pressed to do so or that 'winner' is part of the scam.

This is one of the most cleverly designed criminal scams in the last decade! Sooner or later the site owners will get busted and their names will be splashed all over the place: as a warning to others. Until then, be smart and be aware!

If you really believe that there is nothing wrong with this scam then you're probably a criminal yourself, or criminally minded. Or you are one of these scammers.

4/8/10  •  Votes (0)

This site is misleading the public. They have sites dedicated to your country however the item you are bidding on is available globally. If you bring up the the bidfun.com and bidfun.ca site you will see that the items, timers and bidders are identical. The only difference is that the amount is twice as much as the US compared to Canada. In the US, the bid increases by 1 cent compared to 2 cents in Canada. Does this make sense if the Canadian dollar is stronger than the US? Same amount of bids, half the increase. Stay Away, save your money. Use eBay, or Kijiji if you really need to buy the item. Someone is getting rich, and it isn't you.

It is not a scam but definetively has nothin to do with biddin is more of a slot machine is betting more than bidding. Reason when you are bidding for a product you do not loose the bidding money, the higher bidder wins and pays the full amount.And yes you were outbid, but you do not loose your money.
Here is what they say and I quote:== = The countdown timer gets 20 more seconds every time a bid is placed to allow bidders (including you) time to react and place another bid. This is like in an auction house where the auctioneer asks for any more bids ("going once... going twice...") before stopping an auction. If we didn't do so, everybody would just bid at the very last second, and it would be pure luck which would decide who wins.

The countdown timer gets 20 more seconds every time a bid is placed to allow bidders (including you) time to react and place another bid. This is like in an auction house where the auctioneer asks for any more bids ("going once... going twice...") before stopping an auction. If we didn't do so, everybody would just bid at the very last second, and it would be pure luck which would decide who wins.=====Therefore, these guys have betting multimillion site, because people like us who believed could win something,the price marked in the auction $42.47 you will have to pay after the $270.00 points you already gotin to the biddingsbut as is a bet then you end up being without the product and without your money. I am very angry and dissapointed. PLEASE PLEASE GO TO EBAY - THERE YOU DON'T WIN BUT YOU DO NOT LOOSE THE MONEY YOU BIT WITH.
THANK YOU FOR READING THIS. YOU ARE WARNED. CHEERS! PAT

PLEASE PLEASE PLEASE... STAY AWAY FROM THEM!!!!!

I joined and I stayed up all night to check their dealings, and I can prove that they are 100% scam. Absolute scam run by scumbags.

You bid and bid, you NEVER win. I then check the winner's details and the final bid amount, they actually put it lower. They are the biggest scammers and I feel sick for letting these bastards part with my money. Worse of all, I contacted them for an explanation and I got no response back.

THIS IS THEIR DETAILS, PLEASE STAY AWAY FROM THEM!!!
Naxopresence UK Ltd
support@bidfun.com
+44 2033842725

Votes (1)  •  Comments (4)  •  Link to this review

View all 4 comments

john w. I don't think we should abuse these people for taking advantage of us but praise them for showing us how stupid we can be at times.
wbjjbw@bigpond.com

PS. I lost $100.+

9/18/10  •  Votes (0)

nik m. maybe the bidders could get together and make a pact to make the bid price low. we can all take turn to buy the items for peanuts.

10/30/10  •  Votes (0)

Annie S. @ Nik M: there's no point doing that cos you'll never win it so there's no need to burn your money to those cowards and hungry bastards. Just steer clear of them!!!

11/9/10  •  Votes (0)

Frankie L. I suspect they have their own robot to overbid you. So, if you think you'll have the last bid.... keep on dreaming!!

11/9/10  •  Votes (0)