It seems that this website may possibly either be a copy/clone of Swipebids / Swipeauctions or run by them? See links in comment for more info.
In addition there are a number of red flags which suggest you should avoid providing your credit card details to whoever owns this website. I say whoever for the following reasons:
When using their 24/7 live chat facility I enquired as to where they were based - they replied as follows: "For security and privacy reasons, we are unable to disclose our exact address, but I will confirm for you that we are based in Nevada". USA. They refused to provide an address or any other information on who owns and runs the company. Now why would any honest, legitimate company do this?
They do provide an address on their website as follows:
True Net Media - Suite 250,1055 E Tropicana Ave, Las Vegas, NV 89119
However a search of whois contradicts this and says the website is owned by:
6234 East Main Street
To add to the confusion, there are reports of their address being in England at:
72 High Street, Haslemere, GU27 2LA
However an exact copy of selloffauctions site can be found at globaldegreeonline.com which is located on the same server as selloffauctions.com and yet is owned by:
Vipul Gupta, 9Global, Inc.
170A University Avenue #7
Palo Alto, California 94301
Another red flag: There is also a counter on selloffauctions.com which purports to display the total numbers of winners so far. The figures displayed and the rate at which they increase however do not appear to bare any resemblance to the number of auctions on the sell off auctions site!
Click on comment for links and further information on selloff auctions.