Any body used TeleBid?

Ady · 06-24-2008, 09:35 AM

I keep seeing the advert on facebook for TeleBid

Auction | Cheap TV laptop ipod auctions - bid & win on TeleBid

They claim to sell PS3's for £30 and iPods for £10 etc..
Just wondering if anyone had tried it before, and whats the catch?! They cant possibly sell things at those prices, can they?

fazzyc · 06-24-2008, 10:38 AM

you have to buy credits mate off them to bid for stuff and the lowest bid wins,ive never bidded for nish on there but the people i know that have ,have never won but it is not a con ,people do win,you just gota be VERY lucky i suppose

Tripleeagle · 06-24-2008, 02:23 PM

"There’s a few key things that are different from other auctions you might have used online:

Bidding on our auctions starts at just 7p, with no reserve prices.
The price only goes up by 7p with each bid placed.
If a bid gets placed in the final moments, we extend the auction by up to 40 seconds.
There’s a small charge for each bid placed: this helps us offer you such amazing bargains."

Regeneration · 06-24-2008, 03:46 PM

Quote:

Originally Posted by Tripleeagle

"There’s a few key things that are different from other auctions you might have used online:

There’s a small charge for each bid placed: this helps us offer you such amazing bargains."

When you look at, it really is a legal scam:

The cheapest pack of bids you can buy is 50 for £25
The largest pack you can buy is 500 at £250

There was a laptop on there today that went for £213.08p if we break that down a little and actually look at how much the company made 213.08p / 0.007p (amount increase per bid) =3044 (amount of bids) x50p (cost of bid) = £1522(amount the auction made) + 213.08p (cost the winner must pay for item) = 1735.08p - £549.99 (RRP of laptop) = 1185.09p clear profit
Not such an "amazing bargain" when you see how much they made off 1 auction". They don't even stock the items, after you win they order most of them from Amazon and they get delivered directly from there

fazzyc · 06-24-2008, 03:51 PM

cheers Regeneration for sorting that out for us pal

Tripleeagle · 06-24-2008, 04:18 PM

Quote:

Originally Posted by Regeneration

When you look at, it really is a legal scam:

The cheapest pack of bids you can buy is 50 for £25
The largest pack you can buy is 500 at £250

There was a laptop on there today that went for £213.08p if we break that down a little and actually look at how much the company made 213.08p / 0.007p (amount increase per bid) =3044 (amount of bids) x50p (cost of bid) = £1522(amount the auction made) + 213.08p (cost the winner must pay for item) = 1735.08p - £549.99 (RRP of laptop) = 1185.09p clear profit
Not such an "amazing bargain" when you see how much they made off 1 auction". They don't even stock the items, after you win they order most of them from Amazon and they get delivered directly from there

Yeah it's more of a raffle...