Uploaded on Feb 1, 2012
MADBID.COM IS A SCAM!
I know i will get alot of people who will say, i won an item, for this much amount of money and its not a scam, but if you look at how much money people are spending just to bid, via credits, then it is ultimately a scam!.
Some people are lucky, they swoop in and bid at the very end and win an item for an amazing price without having to spend on so many credits, what about the people who have been bidding on the items all day in the hopes for winning something at 'mad' prices as mad bid.com says.
If there is nothing wrong with the credit system, how come its not mentioned in any of the advertisements, i have watched numerous advertisements (on You tube and tv) and read many reviews, and the MadBid.com's FAQ's and the credit system is not even mentioned anywhere. Its only when you sign up you see the credits. There is mention of paying a small fee just to bid, but it does not clarify what the small fee is. I initially thought i would have to pay a fiver and then i get to bid like on ebay!
Its free to join the site, but its not free to bid, the only way people can get free bids, is by completing certain objectives, i.e get people to join up on MadBid.com and put your name down as a referrel, or by completing surveys and even then you only get three or four! hardly enough to compete in a bidding war!
Ive seen the pictures of people smiling with their prize on the site, but if you look through them all, its all just crappy shit, meal out vouchers, usb pens, stuff that if you saved yourself buying any credit package, you couldve bought at your local tesco!
Its not right that madbid.com has to charge people to bid, if your not winning anything, why are you charged, you recieve nothing (unless your the winner and even then you have to pay for the prize that you won including the credits that you pay)
And just for the record, i joined the site and observed what was happening, i did not bid on anything, i didnt even purchase any credits, because i was sceptical at the fact that i had to pay to bid, and then i realised the overall picture! so im not some madbidder who has spent hundreds and is out to ruin madbids name due to the fact that i won eff all. Im trying to make people see they are contributing to a bunch of people who claim they are trying to save people money and are actually pocketting 500% more than what the RRP is of some products that are being sold!
Any questions feel free to comment or message me!
The Youtube user who i mention in my video is the guy who i did a video response to. Check his channel out for an interesting observation made on how MadBid.com is a scam!
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