GunBiddler.Com Anyone heard of it?

[okie556]

Found a channel that I didn't know we got...Pursuit Channel.....and saw them advertise Gunbiddler.com. Went on their website and it looks like a total scam to me. Just wondering if anyone else had heard of it?

 

[Rangerscott]

Its a penny auction site. Theyre good if you win but suck if you lose because it cost you each time you bid and no not just pennies.

 

[Flewda]

Pretty much what Rangerscott said. I haven't done it, personally, but based on what I see you want to be all in to win something. Get yourself a lot of bids and don't plan on stopping until you win. It's definitely a form of gambling. Seems cool, but I wouldn't end up doing it I don't think.

 

[Younggun]

The site has already made over 1200 bucks on a Ruger American rifle

 

[stdreb27]

I think it's like a slot mocheen except you pay when you "win".

I really don't have a problem with the idea. But I'm not gonna be bidding...

 

[RetArmySgt]

I havent seen that one but i know some penny auction sites make you pay up to $20 per bid then you pay what ever the winning bid price is.

 

[thehemi]

Hidden Dangers of Penny Auctions | Upgrade Your Life - Yahoo! News

 

[Younggun]

That one is .60/bid. Resets the clock to 20 seconds at each bid once time gets low.

It could be a pretty expensive loss, especially if you try to stick it out and run out of the bid token things.

 

[Ericstac]

Gambling and shopping.. That's a bad combo for the weak

 

[Rangerscott]

American ruger 3006 sells for $335 here. Ruger American Rifle 30-06 22" Barrel 6901

Sold on the auction for $23.80 which equals $1428 (2380 bids X .6 = 1428). Yea the auction company is doing just fine.

 

[Ericstac]

American ruger 3006 sells for $335 here. Ruger American Rifle 30-06 22" Barrel 6901

Sold on the auction for $23.80 which equals $1428 (2380 bids X .6 = 1428). Yea the auction company is doing just fine.

And the winner paid what? 23.80 plus how ever many bids he put in times 60 cents?

 

[Rangerscott]

And the winner paid what? 23.80 plus how ever many bids he put in times 60 cents?

From what I underetand, yes and losers are out what ever they bid. Auction company sleeps on bed made of money.

On that auction, you could bid 559 times and be even with the price in the kentucky gun link. You pretty much want to bid to win but if you go over its how much you care about that.

 

[Acera]

If I remember there used to be a long thread on this before the crash, can't find it now.

 

[RetArmySgt]

And on some of the penny sites if they did not reach a certain amount from the costs of bids, the winner pays the winning price plus the difference. A friend of mine won a ring for around $3 on one of the sites and had to pay another $100 because "value was not met".

 

[Crazecodyk]

That's kinda crummy. Ending price should be that unless it's a reserve auction

 

[okie556]

Thanks guys for all the info! I knew if it sounded too good to be true.......it surely was!

 

[Southpaw]

The site has already made over 1200 bucks on a Ruger American rifle

Does anyone want to invest in a business opportunity I'm thinking about starting ?

 

[TX69]

And on some of the penny sites if they did not reach a certain amount from the costs of bids, the winner pays the winning price plus the difference. A friend of mine won a ring for around $3 on one of the sites and had to pay another $100 because "value was not met".

Dumb question. Who sets the "value?"

 

[RetArmySgt]

The "value" is normally just above retail. After the auction we went back and read the ToS section that they mentioned when he asked why he had to pay more than what he won it at.

 

[stdreb27]

Does anyone want to invest in a business opportunity I'm thinking about starting ?

I'm thinking about it. Lol.