Is Beezid a Scam? The No BS Assessment

Technically Beezid is not a scam by black and white definition, but I would describe it as misleading. Watch out for websites that over-glorify Beezid with written articles. Most of them simply do this so that you will visit Beezid from their site and sign up, so that they can collect commission. Beezid.com will pay webmasters $25 for each person they refer, who will also create an account on Beezid and make a purchase within 180 days.

Beezid is just one of the several “penny” auction websites online. It is true that these auctions go up by a penny at a time, BUT the trick is each penny actually translates to a dollar amount. Misleading a bit huh?

As stated on their website:

Bids are available in packs of 30, 50, 100, 200, 500 and 1000 and range from $0.55 – $0.90 per bid.

This means each penny you use to bid with will cost you anywhere from $0.55 to $0.90 to place, depending on the bid package you buy.

The bottom line is, it looks neat that you can buy something with “pennies on a dollar,” but you are actually paying for the ability to even place the bid.

Also, even people who don’t end up winning the item still have to pay for the bids they placed. How ridiculous is this?

Think long and hard about this.

 

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