For every bid you place, you pay $1 (or 1 point as they politely put it). I placed an automated bid for $50 with 50 attempts... hell, no wonder my money (or points) vanished so quickly. Each bid cost you a $1 but only adds $0.02 to the bidding price... so if your automated bid is $50 with 50 attempts and the current bid stands at $1.54... 50 bids (minis $50 out of your pocket... poof - gone!) will only adds $1 to the current bidding price, making it $2.54... and you've just lost $50 by placing a bid...
Anyone thinking they are getting something very cheap, even if it seams that way - think again. Take my example above, you may think you've bought sosmething for $2.54 but you've actually paid $2.54 + $50 (or how ever many times you've bid on the item) --- This screams of SCAM SCAM SCAM SCAM SCAM and these people should be STOPPED IMMEDIATELY!
Don't use this site - you're gonna loose your money for sure!