Frank M.

These guys are CROOKS! I heard about the site from my son. I investigated the site. Unfortunately I did not look at the Better Business Bureau first. Wavee has a D- rating from the BBB. Many unresolved complaints. My bad. Anyway I read the disclosures. Sounded reasonable. I purchased bid points using my credit card and started bidding. On three separate occasions I was outbid by the next bidder once I ceased bidding. You may think this is not that unusual but I bid on the same items in the same condition all 3 times and and on the last occasion let the bidding go to the highest price paid for this X Box cable according to the history.
Here is what I think is happening.
Wavee makes its money on the bid points it sells.
They really don't have as many items for auction as they claim.
Their computers auto bid the highest bidder until they 'win' the auction.
In that way Wavee makes their revenues by getting people to use up their bid points yet they never have to deliver the product to a person.
To illustrate this I bid on the X Box cable 3 times as I mentioned. The first two times it sold for about $2.00. The third time I was determined to bid the auction up until I got it. I ran out of bid points at about $16.00 and as 'luck' would have it the next bid 'won' the item. Unfortunately I had used up $48.00 worth of bid points and walked away with nothing. That is how I believe Wavee does it. I complained to BBB and got an unresolved complaint out of it. I complained to my Credit Card company and found Wavee to be within their legal rights. I am very busy otherwise I think there is a justification for a class action lawsuit against these guys. There are a large number of complaints and unsatisfied customers. The question becomes do the attorneys want to mess with Wavee for the small amount of individual customer money involved? It would however make national news if it were to happen.