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Swipebids.com Informative - Swipebids is a scam

Review by tyhodge on 2010-06-24
OREM, UTAH -- The following URL, http://www.swipebids.com/landing2206B.php?catid=11&awt_l=C0E0w&awt_m=L0ME5kMPl038rx, found on facebook, only shows electronics so I thought they were dealing with just electronics.

That site led me to the URL, http://www.swipebids.com/registration_pg1.php, which further led me to believe it is electronics, so I signed up.

This URL, http://www.swipebids.com/index.php shows things you can bid on after signing up. It does have some electronics, but I signed up thinking it I would be bidding on more electronics, particularly laptops & accessories. Once logged in you find very few electronics. I found 1 item of interest. I did try their site and found out my $150.00 worth of bidding would not get me even close to winning the item. They require you buy more bids at 50 cents per bid. It would have cost several hundred more dollars to Win it.

An example is Auction ID: 2169609 ,(actual auction, as I am logged into their site for informational purposes only). The time is 04:26pm central (could be a little off because I am slow to type). At this very moment the item is at $313.96. Bids go up by 1 cent, so there have been 31,396 bids. 1 bid cost 50 cents. According to my calculations, thats $15,698.00 (please correct me if I am wrong). They require you to buy bids in bulk. Clearly a scam.
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