I have read several reviews of my own and visited the website myself. By the looks of it, this website is a scam. They call themselves a penny auction because every time you bid, the price goes up one penny. They advertise this feature a lot and tell you that you can get certain products for up to 99% off. But at what price? I visited the website and in order to bid, you have to buy bids which cost a dollar! So if Beezid puts a PS3 up for sale for $399 and after all the bidding is done, it sells for $30.00. Seems like a great deal but Beezid actually got nearly $3,000 out of the deal. (every bid gives them a dollar) So it seems like you are the one with the deal but really you aren't. One very unsatisfied customer said that they never even received the product that they won fair and square. You see the auction is run on a countdown timer and every time you bid, the timer goes up a certain number of seconds (a few seconds for the small items and up to 90 seconds for the larger items). So if the timer ever does reach 0 seconds, then the last person to bid wins. The unhappy customer said that they were up all night and the timer finally ran out and said that they were the winner, however, the timer then reset and others began to bid again! This leads me to believe that the users there may very well be computers programmed to win and steal your money as long as they can. This site sucks your money for "great deals" and gives nothing in return.