Is beezid real?
In the end Beezid.com is not a scam, but it does provide a very easy way for its customers to lose money with no reward. It is a website with specific rules and procedures that people should understand fully before spending money to take part in its auctions.
Are penny bidding sites legit?
Problem is, penny auctions are still a big time scam for consumers. The way a penny auction works is simple. An item is put up for bid at a starting price of $0.01 and a time limit of a few hours.
Is Beezid a scam?
One of the most unsettling things about this development with Beezid is that many users are left feeling that Beezid is a huge scam. The very popular penny auction forum for avid PA players “Penny Auctions Forum” has actually dedicated an entire section to the shut down of Beezid and the fallout here.
What are Beezid auctions?
They are a new type of competitive game called penny auctions. Beezid is a penny auction site, and penny bidding sites like beezid make their money by selling bid-packs, NOT on the ending auction price. If you go to the home page of Beezid.com you will see rows upon rows of the highest quality merchandise on auction for dollars.
What is the Beezid Store?
In November 2013, the Beezid Store opened as a retail extension of the penny auction site, offering the same merchandise found in their auctions that could be purchased directly rather than having to be won in a bidding fee auction. The Beezid Store additionally allowed the members to sell their auction wins from Beezid directly.
How does Beezid make money?
Beezid is a penny auction site, and penny bidding sites like beezid make their money by selling bid-packs, NOT on the ending auction price. If you go to the home page of Beezid.com you will see rows upon rows of the highest quality merchandise on auction for dollars.