Image a pinball machine selling on this site. Every bid costs .60
cents. If you bid with one second left, the time goes back to 15
seconds to give other buyers a chance to bid. What a SCAM. I watched a
few auctions that the item retailed for $600 and sold for $325. big
deal. Even if they paid full retail for the item, each bid is 60 cents
and every bid increments the amount 1 penny. So an ending price of
$325 = $325 * 100 pennies = 3225 pennies. Each penny is a bid. Total
revenue for the item Zbiddy made on a $600 item is $1935.
I watched other auctions as well and they made a killing.. One auction
people kept bidding with 1 second left and it don't matter as they put
the clock back to 15 sec's. The auction kept on going for 20 minutes
until the person probably ran out of bid money.
IF A NEW STERN PIN SOLD FOR $3000 on ZBIDDY, They would make $180,000
on the sale of the game just in Bid increment fees.
Check it out for yourself.
http://www.zbiddy.com/
Only in America
Jeff
Classic Arcades Inc.
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JeffMcAfee
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