The idea is actually very good... You bid on products that you want to buy and if you win, you typically pay less than retail. If you do not win, you simply pay the difference between bids placed and retail price. Problem is you never get your products. I won two and bought two items, which have never been delivered and one was unfortunately a $729 iPad. The site was in maintenance mode for 3-4 weeks and now (3/3/2011), the site is down. In addition, credit card company's are reluctant to dispute the charges because they say you bought the bids. Well that may be true but the vendor (xbids.com) never fulfilled their obligation to the customer(s). Unfortunately, it appears to be a total scam. Don't know why no one has filed legal action against them. I would be one of the first in line.