Deal Dash ??
Is this like a penny auction site?Quote: Baccaratfrom79Any one on here using or used DealDash.Com?? If so, can you post the good and bad. Looks like all hype and pre-buying bid points, etc.? They pour a lot of money into advertising. Thanks....
Quote: Baccaratfrom79Starts at zero and goes up but you have to buy bids.
Bidding fee auctions, also called penny auctions, offend my delicate sensibilities. You pay for the privilege of making each bid, and then if you win, you also get to pay for the item. The seller keeps both the sale price and the bidding fees from all bidders. This often totals more than the original price of the item.
There's probably some magic formula to figure out when it's a "smart bet" and when it isn't.
As far as I can tell, it's the same model as quibids or beezid.
Since you get the opportunity to buy the item even if you lose the bid assuming you can break even on the item by reselling it you might be free rolling a lucky bid that gets the item for a super low price.Quote: DieterBidding fee auctions, also called penny auctions, offend my delicate sensibilities. You pay for the privilege of making each bid, and then if you win, you also get to pay for the item. The seller keeps both the sale price and the bidding fees from all bidders. This often totals more than the original price of the item.
There's probably some magic formula to figure out when it's a "smart bet" and when it isn't.
As far as I can tell, it's the same model as quibids or beezid.
Quote: AxelWolfSince you get the opportunity to buy the item even if you lose the bid assuming you can break even on the item by reselling it you might be free rolling a lucky bid that gets the item for a super low price.
That assumes that I think their interpretation of the full price of the item is worth paying. The "buy it now" prices often make profitable resales impractical, and curtail the even money resales.
A purchase that is a good deal at $5 is not necessarily a good deal at $499.95.
Any bid money you use I believe gets added to the cost. I agree if they are charging outrageous prices on the items it's not good however if you find something like amazon gift cards or apple products at a fair price there's potential. Obviously I'm not going to mess with it, but someone might be able to make a few bucks.Quote: DieterThat assumes that I think their interpretation of the full price of the item is worth paying. The "buy it now" prices often make profitable resales impractical, and curtail the even money resales.
A purchase that is a good deal at $5 is not necessarily a good deal at $499.95.
Whoever came up with the penny auction idea was very clever.
When they say that a $25 gift card typically sells for $7.95, they're still raking in money.
Quote: StevieRayShineIs this thread still alive? I'm wondering about DealDash as well. Is it legit or not? I think it would classify as a penny auction but is it worth bidding in their online auctions? I was doing some research and found their SiteJabber reviews. All in all, they're pretty positive. Has anyone used the platform? If so, what was your experience?
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