Maddy B.

Anything is a scam if there are chances that you may never win! I am hypothetically assuming that Wavee is a genuine website without any in house or dummy bidders from the company side for my analysis below. There following points (from the Terms and Conditions page) about this site suggest that the chances you win are meagre:

1.) Credits expire in 6 months of purchase. By that time if you don't figure out how to win or if there are too many people bidding then your money is gone even if you want to use it for a later time.
2.) Soon the situation will be that the site is so popular that you have very less chance on any auction and hence you don't bid and Wavee makes all the money (6 month time limit).
3.) Wavee can limit number of auctions you can take part, hence youre chances of winning are limited
4.) Wavee can limit the number of auctions you have won. Means if you win 20 auctions. Wavee can say hey you have won enough, stop!
5.) There are no instant auctions for big items. Auctions for big items are scheduled. You can't setup a auction at 2:30 am and have only yourself on a 500$ item auction.
6.) They may replace the item which was in the auction with a equivalent product, if they don't have the original item with them. If you put a Panasonic HDC-HS60 on auction and give a JVC as a replacement, why will I bid again?
7.) If you win a auction but don't pay up for the product, your account may be terminated or you may face legal action (this may apply to even Wavee Bid Bundles for new members)
8.) I cannot check Auctions ended before 7 days prior to today. If I don't find my product in those 7 day auctions then how will I build my strategy for the next auction of that product.
9.) There is no limit on how much you can bet for a auction. Today I saw a member who spent $668.25 on bids and has to pay an extra bid amount of $135.61 ($803.86 in total) for the item priced at $299.99!. See the details below. If there can maniacs like this who will go to any extent to win (maybe thinking they will win big in another auction or are downright dumb) then can me or you win?

XBox 360 4GB Kinect Bundle
Retail Value: $299.99

Final Bid: $135.61
Cost of Bids: $668.25
Total Cost: $803.86

10.) Last but the easiest point is that they don't have mazon.com or Macys gift cards. After all the members on the site are shoppers. Wavee has only a lousy $25 Starbucks gift card and a Wavee gift card. If Wavee doesnt have any products in its inventory as the order statusses on many winners suggest then we are buying fake stuff with real money!

On the other hand, I never put my CC details on the website still got the 5 free credits. Once you sign up with out giving your CC information anywhere, login and click on your user name at the top of the site. You will be taken to a web page to edit your profile. A link there will ask you your telephone numner and a verification code will be sent to your phone using which you can claim 5 free credits!

I agree with the point that this is nothing but gambling. If you want to play think a lot, watch for few days then take the stage.