Swoopo.com Informative - Avoid This Penny Auction Site

Review by dylansfan on 2010-08-17
This site stinks. First of all, the cost of the items is very inflated. You think you're getting a good deal when you aren't. Second, there are so few auctions at any one time that the competition is fierce. Also, beware of the BUYITNOW option. It is not available on all items, especially, Visa cards and such.

Comments:4 Replies - Latest reply on 2010-08-18
Posted by Anonymous on 2010-08-17:
I heard bout this site. Its impossible to get anything of there mostly bots do the bidding on the cheap items in my opinion. Its a scam
Posted by Anonymous on 2010-08-17:
Well whoever created this site is a genious and I'm sure hes getting RICH off of it! Very good strategy, but I wouldn't call this an auction site, its more of a gambling site. You have to pay 60 cents to bid a penny, so if you add up all the money they are making from the bids, they are making WAY more than what the item or gift card is worth. Interesting!
Posted by Pepper on 2010-08-17:
I have to agree with prince... it looks like the site is making it's money off of the constant bidding.

so when you have an ipad being listed at around 20 bucks right before the bid closes... it looks like it's a dirt cheap price to pay for one. but I am sure the company is getting a profit since each bid raises the price by one penny - and the bids cost 60 cents.

it's no surprise that there isn't a "buy it now" option for a lot of items. that wouldn't give them much of a profit

and of course making a profit is how most businesses stay alive. nothing wrong in that.
Posted by Anonymous on 2010-08-18:
Yep, its more of a gamble.

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