The site was legitimate for a while but is not anymore. They have a huge tax and penalties burden owing to the Canada Revenue Agency and Revenu Quebec, and they're doing everything they can to raise $$$ to pay that off before they're assets are seized and they're forced into bankruptcy. By "everything they can" - shill bidding to raise prices/more bids needed to win, plenty of "technical glitches" where suddenly the auction is over and the "winner" is nothing more than a beezid employee account, and rather than refunding all bidders in that auction, each bidder has to contact them individually to have their "concern" investigated, often getting nothing in return or just an offer that Beezid will give you a double-up if you purchase ANOTHER large bidpack (smoke-and-mirrors to distract from the real issue that the site glitched and you lost bids - don't get caught up in the feeling that you're getting a great deal by buying MORE bids!), or if you're persistent enough and have a screen or video shot of the glitch, they'll maybe just refund your bids used in that auction.
I can vouch for them having been legit at one point - look me up on allpennyauctions.com - username Teletubbiechef - I had won a ton of stuff there. But then they got caught by the gov't for not collecting and paying taxes from all their Canadian users, and now owe well into the hundreds of $1000's in taxes and penalties, and that's when they began employing underhanded techniques to get as many bids as they can to be used in each auction to drive up the prices (profits) etc. and censor any critics who have noticed and commented on these things (their Facebook page is now a joke with fake "users" posting rainbows-and-unicorns BS about how great it is and the great deals) - desperate times apparently called for desperate measures, and this website is deep into the desperate measures now.