Beezid: Auction excitement, but it will cost you

Monday, March 8th, 2010 By

Most everyone who shops on the internet is looking for a deal. There are many auction and low-price websites out there that are very popular, though Beezid.com offers a rather unique action-style experience. You can get a good deal on Beezid items, though, like most online shopping, the “ticket price” of Beezid products isn’t the real price you pay. Make sure you know how Beezid works before you end up taking out online cash loans to pay for your purchases.

Beezid Bids

The Beezid online shopping system is half auction house and half pay-to-play. You purchase “bids” – much like credits – from the Beezid site. These Beezid bids range in price from $1 each if you buy 15 bids down to 60 cents apiece for 200 bids. These bid credits from Beezid are non-refundable, so once you have purchased them, you cannot get your money back.

Beezid Auctions

There are then two basic types of auctions – penny auctions and reveal auctions. Penny auctions increase the price of the item by one penny each bid, and a timer resets every time a bid is made. The person with the most current bid when the timer runs out wins the item for whatever price is listed. Reveal auctions start with a higher price that you cannot see. You spend one Beezid “bid” to see the price of the item. Each time the price is revealed, it goes down. After a certain price point, you can choose to “buy now.” There are also “cherry auctions” that are reserved for first-time Beezid users only.

The real cost of using Beezid

Beezid auction offer both big and small ticket items at what appear to be great prices. There is the unpredictability of other users on Beezid, and  you never know exactly what an item will go for. It is important to remember, however, that each time you click the “bid” or “reveal” button on Beezid, it costs you between $.60 and $1. This means if you bid on an iPod 30 times and win it at $30, you will have spent $60 before shipping. On small items, this may not add up very quickly, but on large items you may quickly get yourself into a situation where you’ll need short term loans for bad credit to pay for the item you’ve won. You can still get great deals on Beezid, but there are costs above and beyond the final auction price.

  • Chris

    well they do give you 10 free bids when you start off

  • StevenR

    I agree that Beezid is not a scam. Just ignorant people who have nothing better to do than complain. The company does a good job at explaining how the system works. Remember, "know the rules before you play."

  • ZyngaGameExpert

    Beezid is not a scam. don't just ASSume that beezid is a scam because you have not won anything. It is a great site I have been able to purchase not only items for myself but gifts for my whole family all the time because i get them all for pennies on the dollar. If you want to learn more about winning auctions on beezid check out my blog at http://www.Beezidblog.com

  • ZyngaGameExpert

    NO!! Beezid is not a scam I have personaly won many items from beezid at a very low price. In essence you are betting because you pay for each bid whether you win or loose. There are many strategys that can help your chances.

  • BEESHIT1

    SOME1 SHOULD SHUT THEM DOWN.. THEYR SCAM ARTISTS

  • aggravated

    It never fails that so many people have stuff to complain about and talk down about something they don't understand or agree with. First if they wasn't so lazy they would take a few minutes to read all of the details and Q/A's. These penny sites explain everything in great detail of how it works and what to expect. They even have video tutorials for those to lazy to read. You guys talk like they didn't explain anything and you didn't find out how it actually works until you spent all of your bids. The bottom line is your mad because they figured out a way to make money through a website. Do you really think they could afford to sell products for $16.00 with out this type of bidding system. I will give you it is a different type of auction and it is closer to gambling then say E bay. The bottom line is it is legitimate and legal. And for those who play responsibly win auctions and get products for fractions on the dollar. I know this type of site is different and not for everyone. If you don't like this type of site don't play don't even visit the site and definitely quit complaining and bitc*ing about it. I have a few friends that have one big screen tv's for under $200.00 including shipping. They played smart and bidded wisely and didn't just bid every time it changes. So I think this is a great way for people to have some fun and get great deals. For those that don't agree just don't play. It's less competition for us that do. You can go and pay full sale price!

  • Scam The Scammers

    Like Gill Bates said, I have also figured out how to scam BeeZid, you can get almost everything for nothing, I have bought 3 laptops, 3 i pads, 2 tv's and so on and so on, I barley broke 1,000$ But NO, I sure didn't do it by following the methods BeeZid tells you to do, remember, every system can be broken, I found a way to scam the scammers and I will milk this method until they change the way BeeZid is run, Gill is right though, as much as I want to tell everyone since I feel bad for everyone who is getting scammed, it would be useless because i'm sure BeeZid is paroling anything written about them and they would instantly stop people from using this method!

  • Guest

    The slick tv ads show a newer model Dodge Challenger being sold for $919 dollars. Gimme a break….

  • amber

    beezid offers great items. There’s enough traffic to make for great savings and not so many that it makes it impossible to win anything.

  • QUAD4

    People in this country are getting dummer by the minute. Beezid is a ripoff and you dummies fall for it!!!!

  • peg

    true that

  • BIG MEECH

    i just signed up yesterday after seeing a commercial. didnt purchase any bids yet, im gonna just look at how things work for awhile first. it seems though that it would be more beneficial to do your bidding at the wee hours of the night when more people would be sleeping, and maybe you can luck up! lol

  • Ponchi

    iLoveeeeee Beezid

  • lou

    If your dumb enough to pay them to let you bid, then good for them…… A fool and his money……..

    I bought a new (what ever) for 10 dollars (cost 500 retail) what a deal. I only spent 600 in bids but that don't count got it for 10 dollars! yayaya.

    Anyone have any swamp land they would like to sell me.

  • Unmdec

    I love how you people are talking about whether or not penny auctions are scams and there is 2 ads on this site right now im looking at for penny auctions. "Irony is only karma, and karma is only irony." great words from…well…me :)

  • Buisness Reviewer

    Beezid is only a scam if you are really stupid. If you are really stupid you would buy a bunch of credits and end up getting nothing. But to some, it's an investment. You buy say 200 bids for $120.00 and you can't exactly "pay yorself back" wiht the savings you might be able to get, but, it's CAN be cheaper to buy smaller ticket items off of beezid IF you play your cards right, but you have to be smart and good with numbers. However on larger ticket items, only stuoid people pay sticker anyways. After bids and shipping costs from Beezid, you'll get about the same deal on big ticket items that you can from shopping the sales and picking prices. ONLY LOSERS PAY LIST!!!!!!!!!

    • Ajaz

      Beezid isn't a scam, its not an auction, it's gambling. yes you may not get back the $120, but you may bid once on a $2000 item and win, then you're already positive, its stupid people like you who don't understand how it works. If people are stupid and bid at when it isn't to the last part of a auction, then yes you will loose a lot of money, but if you wait till the price goes up to close to the regular sale price then bid and nobody wants to buy it anymore, then you get if for a dollar… you actually have great odds at winning at beezid, you just have to know how to use it.

  • Josh

    This is a great site, if you aren’t comparing it to eBay (which I also love). There are great deals to be had, but it is luck/gambling. You are paying for a chance to win an item at a fantastic price. Yes, you buy your bids in advance. Yes, every time you bid, it costs you. No, you probably aren’t going to win the item, but you could….someone always does. As far as them making money, yes they are, a ton of it. When did Profit become a bad word? If they didn’t charge you for bids, and have people bidding often, then they couldn’t afford to sell the items for as low as they do. It is a win-win for everyone, if you keep things in perspective.

  • iTiSwhaTiTis.

    Its amazing how people are so quick to judge before they understand someting. Here is an idea, before you sign up to beezid (or anything else) READ THE TERMS AND FINE PRINT… They explain very well how and why their system works the way it does… And I say "good job" to them for knowing how to make a profit… Everyone just wants things for free, but we live in AMERICA it doesnt work like that people…

    • Philly cop

      I will be posting photos of the location, soon

  • amber

    try it out for yourself. ibid4mc has some great answers to all your questions. ibid4mc.com explains in pain detail how its a win for you the consumer and a win for ibid4mc as well. Basically everyone bidding is putting a little bit of money for the winner to get a great deal and save hundreds of dollars. Ibid4mc.com is not only forthcoming and straight forward about how the penny auctions work for you and them; They also have great products up for auction. there is no waiting around for the big prizes at ibid4mc.com; Apple Products and Accessaries are their only options for their auctions. and for those that dont believe in Beezid or any other Penny Auction. maybe they haven't taken the time to understand the process of winning an auction. Remember always have fun and stay focused on the items you really want to win. And where ever possible use the bid to buy options that way their are no wasted bids or dollars.

  • amber

    try it out for yourself. ibid4mc has some great answers to all your questions. ibid4mc.com explains in pain detail how its a win for you the consumer and a win for ibid4mc as well. Basically everyone bidding is putting a little bit of money for the winner to get a great deal and save hundreds of dollars. Ibid4mc.com is not only forthcoming and straight forward about how the penny auctions work for you and them; They also have great products up for auction. there is no waiting around for the big prizes at ibid4mc.com; Apple Products and Accessaries are their only options for their auctions. and for those that don't believe in Beezid or any other Penny Auction. maybe they haven't taken the time to understand the process of winning an auction. Remember always have fun and stay focused on the items you really want to win. And where ever possible use the bid to buy options that way their are no wasted bids or dollars.

  • triple6inc

    To be A winner at beezid,It requires some luck,And the roll of dice has been in my favor.And till they figure out my program I will continue to be one up on them.

  • Mel

    Saw this on TV and registered after.. I started to bid on a 16GB IPAD which has 22 seconds remaining and 15 seconds timer at a price of 79.82 and after it reached 2 seconds, I bet 81.00 to make sure i get it. So after I bid that last seconds, the clock went back to 15 seconds and don't seem to end until i finally ran out of bidz which i purchase for $27/30bids.. I just dont see why the clock keep turning back to 15 secs.. THis is what you get when you agree to the Terms and Conditions without reading…

  • Steve

    It is 100% NOT an auction at all. Even if you want to play the game, why would you bid before the very end? Unless I am totally wrong about how it works the very last bid is the one that wins every time. Why would you spend a buck a pop for 8 hours whan you know only the last one will be the winner.

    Best way to win,,,,,Just don't "bid" until the last 5 seconds or less and hope for devine intervention.

    How to make "real" money,,,,,,, Play the lottery with the money you saved by not "bidding" and come out ahead of Beezid!!!!! (Yea, Right)

    Steve in Cleveland

    • Jim

      each bid adds time to the timer Steve. You wait until 2 seconds, bid, and it resets to anywhere from 10 to 20 seconds. A product that starts out with an 8 hour timer may take 12 hours to finally sell. I have wasted some money on some things and I have won some things really cheap.

  • BeezidScam

    Beezid is evil. Very evil. If I were some evil destroying champion, I would hunt down the Beezid people and put stakes in their hearts. I tried it yesterday. I was going to an iPad. I spent $27 to buy 30 bids which comes out to $0.90 per bid. I didnt win the iPad but the person who did (if it really was a person and not a bot) won it for $55. So since the auction was a penny auction, that means that the price went up one penny every time someone bids. So lets say that since the win was $55 thats 5,500 bids. On average of lets say $0.75 spent per bid by all the people that comes out to $4,125 spent by all the people who bid. So everybody who bid on the item spent $4,125 just so that one person could get a $599 item for $55. TOTALLY a scam. Its not auction, it's gambling. Someone should shut them down.

  • Gill Bates

    BeeZid is not a scam – most people just do not understand the process.
    They tell you all the rules, its up to you to do it intelligently, which is where most people fail.

    There are, in fact, ways to scam BeeZid – to get lots of stuff for very little. It takes a bit of time and planning, but it works. I’m not going to say how here, because once the word gets out they will undoubtedly stop it.

    • BEzzid

      OMGGGGGGGGGGGGGG Bill Gates tell me!!! lol

  • TJ

    This is gambling for the stupid. If you look at the numbers….you actually have better odds in a Casino. At least you know the payout in a Casino and they are regulated. Who's to say that Beezid doesn't throw in a few automatic 'bids' when things slow down or if they haven't made a profit on an item yet?

  • Chris

    If you look at the price they pay for a Ipod (something you can get at any store) the markup on the product could be great. A $1 bid on something they might of paid $20 bucks for turns into a $60 bid after a closing bid. Some online bidding sites (like) beezid have a direct link to a manufacture, which the site purchases a product for pennies on the dollar and sells it for a high markup.

    From past experiences you have to watch what you purchase from sites like this, some offer a "great LOW price" on a product that was a manufacture recall. Even worse some items could be a refurbish product that could have a serious problem that could be unknown to the buyer.

  • Beeshit

    I just saw an ad for beezid on tv. I lol'd after I saw it.

  • konehead

    SCREAMS SCAM!! Beezid buys an gift card for $100. If bids cost 50 cents each, for every dollar the bid goes up the website (beezid) makes $50. Thier break even is two dollars and they make more money by selling you the right to bid. And, having bid on thier site, I can tell you that thier timers are not accurate and the bidding is stopped arbitraially.

  • BidzBoy

    Great article. Everyone should know how these auctions work before they participate. I've won many items on these penny auction sites. However, I only play on new or smaller sites. These smaller site have few users, so there aren't as many people to compete against. Most of the new sites take big loses before signing up enough users to make the site profitable. In fact, I know of people who support their ebay business with products they win on these smaller sites. I don't know how anyone wins on big sites like Beezid.

  • Stop Beezid

    Well Ringo, it may not be a scam, but it certainly isn't an auction either. At a true auction, if I'm outbid, or loose the auction, I don't loose he amount of my bid. This a GAMBLING SITE plain and simple. They should not be allowed to call themselves an "auction" site. I smell a future class action.

  • Johnny Ringo

    Why is it obviously a scam? Beezid makes money by charging for bids and users get a chance to buy something at a fantastic price. Beezid makes plenty of money from charging for bids. I don't think they really care what the items sell for. I will say it is difficult to win and you can end up wasting money. There is some skill and a lot of luck involved in winning a Beezid auction.

    • mark b

      I think beezid is a load of —- and if you ask me I would not give em a dime. take your money and go to circuit city you will be better off. have you seen the commercials on tv and how they jack up the manufactures suggested retail price.

  • BeezidFAKE

    Beezid is obviously a scam. The few positive comments about the site that are out there are written by people who work for Beezid. Well I have something to say to you –

    DO NOT JOIN BEEZID, NO NOT GIVE BEEZID YOUR CREDIT CARD DETAILS, IT IS A SCAM.

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