Madbid.comReviews of it.madbid.com

Very disappointed with the proposal of the site. It only sells its own products (Treasure Chests and Credit Packs) in the store, but nothing real products people want (such as Apple, Lenovo and HP products). Avoid entering at all costs. Another fraud that exploits the facilities and lack of regulation of the internet.

Stay away from this fraud, nothing is legit.

Atualizando: Depois de contato por email reforço minha posição de que esse leilão é somente um caça níquel descarado. Escolha o nome que vc quiser , apesar que mad não deixa de ser um bom nome pois só louco entra nessa. Vc compete com uma máquina e não com pessoas e qdo o contador de tempo fica zerado e vc acha que ganhou a aposta, tah dah, pegadinha do malandro, não ganha absolutamente nada. Boa sorte a quem quiser entrar nessa furada mesmo depois dos avisos.

one reason why this website has a pretty good overall score on trustpilot is because they reward naive users with a few credits (thing you need to place a bid on an auction) the main reason for this score is the endless amounts of fake reviews... Don't fall for this, you've been warned.

This site is so fake! I paid 100$ to buy bets and now I havnt won anything but lost my 100$!!! Stay away from this website!!! Its just fake!!!! Update 01.12.2016 Ps: Now madbid has send me an email telling me that I havnt bought more bids. And if I have any issues I should call their telephone number. The provided number is not working, it redirect me from australia to the UK and the person on the other side does not know about madbid!! Guys do not buy anything from this company, you just loose all your money and win nothing!!! I think the current ranking of 6,9/10 is because many marketer working for madbid and they leave fake references! Everyone should be warned about Madbid. Madbid is Scam Madbid is Gambling Madbid will steal your money Stay away from Madbid!! I will try to spread this word across the web as best as I can.

Madrid fraud / scam /con modus operandi. I am from holland but i will post this review in english to reach as much as possible people to warn for this scam, what there modus operandi is. what you think madbid is and how they want you to perceive it: reductions up to 89 procent ! always new products ! You can bid for a product and buy on highly reduced prices an otherwise expensive product. Auction system And so on etc etc How they really work: # Fake auction system: Unlike eBay, where bids are free and you only pay the price at which you win an item, participants in a "penny auction” (or eurocent auction) must pay to place each bid as well as the final price of an item should they win it. Of course, there can be only one winner so everyone else is left out of pocket. (let it sink in !) # To place a bid you need to buy credits, sold at approx 0,12 eurocent per credit. # But to make ONE BID you ll have to use up to SIX credits, yes, to make ONE bid you actually spend 0,72 eurocent. # Although you have spent 0,72 euro, the actual price only rises 0,01 eurocent. and extends the closing time of the auction by up to 60 seconds. # If and that is a big IF, you win an auction, you ll still have to pay for the product final price (not the price you ended in your auction), the money you have spent during bidding you completly lost. # So it is a total ripoff, scam, con, fraud-system that probably is not (yet) illegal, you will loose your money since you can not cancel your credits or cash them. There is no customer service. We’ve tested it and did some deep research on these kind of websites, they are goldmines for the creators. # How they make tons of money: One item (iPad 4) was supposedly sold for only 38,81 euro. As explained before per bid you’ll loose 8 credits in this case, a rato 0,12 eurocent (per credit). The final price is 38,81 euro or 3881 eurocents. 3881 eurocents multiplied with 0,96 eurocent = 3725, 76 euro ! # So these criminals buy an iPad for take 450 euro, they let you bid and bid and bid, until they actually make 3725 euro, that is a staggering profit of 3275 euro, on a single iPad !!! The actual bidding: -you think you are bidding against other bidders, however you only bid against a computerprogram -the computer always wins the bidding. -the closing of the bid will follow after a profit margin up to say 500 procent (to the original price) has been reached. (we recognized that several names of fellow bidders are the same or return frequently, hence fake co-bidders.)

This site is not like eBay, once you bid you've spent that money and don't get it back if your outbid or lose. Your paying to bid, not to win the item. I will be warning everyone possible not to make the the same mistake I did and to steer well clear from this website.

Do not expect a refund, even if you haven't used your credit. Paypal won't accept your refund either so be ready to lose your money.