"Beezid fake." by guest blogger, Geoff Meyer

On Beezid every time you bid with their bid coins, it goes up one bid coin just like what the commercials say, but what the commercial doesn’t say is that you have to pay in advance for each bid coin, and you lose the bid coin even if you don’t win.

This makes the site seem amazing and the items cheaper, but then you lose more money then you realize. Example: you pay/bid $10 on an item that is normally $200, but each coin can be from 60 cents to a dollar but is averaged at 70 cents. You actually pay 1000 times 70 (because the pennies are 70 cents so $10 are 1000 pennies). Therefore, for an item that is normally $200, you just paid $700. Beezid makes money through the bids.

Also, the timers they use are messed up. They pause, skip numbers, and just when you try to bid with even two seconds left, the system won't register your bid and you lose the product. Or they set it up to be like a real auction where the timer resets after every bid unlike eBay. The people who work Beezid claim its your internet, but is it?

Also there are allegedly bots, or programs, built in to the auction to raise the price so that no one wins it and Beezid gets more money and the item is set up to bid again.There might be a good deal hidden through all this, but buyer beware.

For more information, check out askville.com.