Crazy Online Auction Site

mscherrah · 04-01-2009, 06:25 PM

Hi all,

I want to get your opinion on this site. Here is the story...

I have been looking to get a new DSLR Camera. I have been looking at the Nikon D90. So I Googled the camera, and I got a listing for Swoopo.com It seems that you can get the products for ridiculous prices like 90-95 percent off. The catch is that you have to buy bids to bid on the items. Each bid is $0.75 I believe. There are penny auctions that, every time you bid, the price only goes up 1 cent. Also, every time you bid 15-20 seconds get added onto the remaining time. One of the D90s that I say was priced at over 100 dollars, which means it has 7500 dollars invested into it. It is sort of like a lottery I guess, and I think it might be illegal in the US. Is this a scam? Please tell me what you think?

Thanks!

Matt

danielmcclure · 04-01-2009, 06:42 PM

These were popular here in the UK a couple of years ago if I remember correctly. The majority of people lose out and only one person gets 'a bargain', often less than you'd think due to the fact they have often bidded on the item several times. The sites are not a scam however as they live up to the promise and provide exactly what they offer on the site which is basically thinly disguised gambling with items as prizes. They have no need to steal from you as they make much more than the items price from the bidding anyway.

AdamLCasey · 04-24-2009, 08:22 AM

I have written an actual free ebook on swoopo. It's a numbers game basically you can work out a tactic but if you go in blind you'll loose alot of money.

04-01-2009, 06:25 PM	#1
mscherrah HyperActive Warrior War Room Member Join Date: Feb 2009 Location: Pittsburgh, PA Posts: 240 Blog Entries: 8 Thanks: 70 Thanked 21 Times in 15 Posts Social Networking	Crazy Online Auction Site Hi all, I want to get your opinion on this site. Here is the story... I have been looking to get a new DSLR Camera. I have been looking at the Nikon D90. So I Googled the camera, and I got a listing for Swoopo.com It seems that you can get the products for ridiculous prices like 90-95 percent off. The catch is that you have to buy bids to bid on the items. Each bid is $0.75 I believe. There are penny auctions that, every time you bid, the price only goes up 1 cent. Also, every time you bid 15-20 seconds get added onto the remaining time. One of the D90s that I say was priced at over 100 dollars, which means it has 7500 dollars invested into it. It is sort of like a lottery I guess, and I think it might be illegal in the US. Is this a scam? Please tell me what you think? Thanks! Matt
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04-01-2009, 06:42 PM	#2
danielmcclure The WordPress Tutor War Room Member Join Date: Sep 2008 Location: Between London & Manchester, UK Posts: 248 Blog Entries: 1 Thanks: 130 Thanked 42 Times in 38 Posts Social Networking Contact Info	Re: Crazy Online Auction Site These were popular here in the UK a couple of years ago if I remember correctly. The majority of people lose out and only one person gets 'a bargain', often less than you'd think due to the fact they have often bidded on the item several times. The sites are not a scam however as they live up to the promise and provide exactly what they offer on the site which is basically thinly disguised gambling with items as prizes. They have no need to steal from you as they make much more than the items price from the bidding anyway.
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04-24-2009, 08:22 AM	#3
AdamLCasey Active Warrior War Room Member Join Date: Dec 2008 Location: Manchester UK Posts: 92 Thanks: 12 Thanked 23 Times in 4 Posts Social Networking	Re: Crazy Online Auction Site I have written an actual free ebook on swoopo. It's a numbers game basically you can work out a tactic but if you go in blind you'll loose alot of money.