swoopo

[usmc071984]

anyone seen this bidding site before?
scam?
legit?
http://www.swoopo.com

 

[STDiva]

Customers buy bids in advance (costing $0.75 each in the US, or 50 pence in the UK). Most "auctions" begin at $0.15 or 8 pence, and increase by the same amount with each "bid". Some items, known as "penny auctions", only increase by $0.01 for each bid, but still cost contestants $0.75 per bid. Each bid also increases the auction's end time by 10–20 seconds. Although the contest winners often pay a low price, Swoopo earns money from the bids placed.

Wikipedia

 

[Hot Mega]

anyone seen this bidding site before?
scam?
legit?
http://www.swoopo.com

Seems legit. The buttons work and link to other pages on the site...The first (but not conclusive) way to determine if a site is bogus if the buttons don't work.

 

[STDiva]

In one auction, bidders paid a total of $41.03, including the "fixed price" of $0.54, for a $700 item.[3]

In another auction, bidders paid a total of $27,675.50, including the "fixed price" of $98, for a $1300 item

Seems like gambling :dunno: