ChatterBank0 min ago
Madbid!
4 Answers
Has anyone used or ever used this bidding site? If so, what do you think of it?
Answers
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Possibly fun if you're a gambler but otherwise best avoided!
http://www.techradar....-madbid-589070/review
http://www.dooyoo.co....s/madbid-com/1397628/
http://www.techradar....-madbid-589070/review
http://www.dooyoo.co....s/madbid-com/1397628/
-- answer removed --
I looked at it after seeing the adverts. I remember it works in a similar way to eBay. All goods start off priced at £1 then Madbid members bid against each other during the sale period. The highest bid then wins.
The thing I didn't like was that you can only bid up to an amount you already have in your Madbid account. It's not like eBay where you pay later or with PayPal - you have to put the money into your account first before you can bid! So, if a new TV sells for £250 that's because the winner already had at least that deposited in their account. If you don't win the auction your money isn't returned - it remains in your Madbid account and I don't think it's easy to get back. That means you are obliged to buy something from Madbid at sometime in order to spend it.
I didn't bother.
The thing I didn't like was that you can only bid up to an amount you already have in your Madbid account. It's not like eBay where you pay later or with PayPal - you have to put the money into your account first before you can bid! So, if a new TV sells for £250 that's because the winner already had at least that deposited in their account. If you don't win the auction your money isn't returned - it remains in your Madbid account and I don't think it's easy to get back. That means you are obliged to buy something from Madbid at sometime in order to spend it.
I didn't bother.
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