DO NOT JOIN THIS SITE! I was sucked in by the review I saw from the media folks. The site appeared to be legit at first look and I should have looked past the laptops and ipads that were being auctioned off and been more careful about reading the fine print. After joining, I even took the "advice" of a previous "winner" whos method was to get a lot of bidding packages, or bidpacks (only saw 50 and 100 bid sizes) so that he had a lot of bids to use on something he wanted. I managed to win several of the 100 bidpacks before I realized that the cost of each was within $24 + or - $2 each and decided to stop. In fact, each new bidpack auctioned off started at $23 or better before the first bid was made. Not quite the $0.05 for the 300 bidpack that they show for a past winner. I also saw that I wasn't getting any credit for the bidpacks. What raised the red flags was when I tried to contact their 'live person' via ichat to ask a question and did not get any response. I decided to wait until today to check the site again, and what I saw made me realize that this site had to be bogus.
As Ed A. Noted, a MrHurrel was the big autobidder on a macBook laptop. I first saw this auction around 3 PM on August 2nd when he was bidding and the price was less than $100 for the item. Today, at 9AM he was still bidding against another autobidder and the price was $350 and rising. As of 1140AM, it is over $411 and the primary bidder is 'jbaston' who is bidding against 'Amit Schater 101'. Apparently, MrHurrel quit, ran out of bids, or someone told the people running the site about this Ed's review and they changed bidders.
Doing the math and being very conservative, and assuming MrHurrel only made 10% of the bids (unlikely since he was in 'autobid' mode since 3PM the day before), at a bid of $350, that is ******* bids, at $0.50 a bid, resulting in $17,500 being spent bidding on a MacBook laptop you can buy anywhere for $999. MrHurrel's 10% would come to $1,750 and he has quit the bidding, which means he gets NOTHING for the money he spent. Who would even consider going that in an auction unless MrHurrel is fictional, as is jbaston who was bidding against him since yesterday as well.
What to do about this (if you took the hook as I did) is to call and cancel the card used on this site and report it as fraud. Since no merchandise was delivered (I never got credit for the nebulous bidpacks I won, even though they charged my card), so I simply stopped the charges. That is the beauty of using a credit card. You will have to fill out some paperwork for the card company but chances are you will not have to pay the charges since they were pending anyway (especially if you act quickly to call the card company). If you are a good customer and had never done anything like this, the card company will most likely be on your side. Also, they expect to see fraudulent transactions in their business, and even if the money had been transferred to the other party, they may just write the expense off as the cost of doing business.