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Clicked on an ad posted on JL that took me to SwoopO site. Seems interesting, but I'm wondering what is the catch. I can't believe you can get stuff for pennies on the dollar.
Anyone bid there?
Anyone bid there?
Anyone Done Swoopo Auction?
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Looks like a really expensive way to bid! 
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I did read through the SwoopO site last night. It seems, to me, to almost be a form of gambling.
You PAY to bid. You have to buy "bids" at .75 cents each. If you lose the bid, you lose all the money you bid on the item as well (and they make a nice profit).
If you are bidding on something, and time is running out, someone else can post a bid and not only does the price of the item increase, but the TIME left on the bid increases as well, so you have to really sit and watch and bid.
Weird. I don't think it will go over all that well. But stranger things have happened.
Guess I'll stick to ebay.
You PAY to bid. You have to buy "bids" at .75 cents each. If you lose the bid, you lose all the money you bid on the item as well (and they make a nice profit).
If you are bidding on something, and time is running out, someone else can post a bid and not only does the price of the item increase, but the TIME left on the bid increases as well, so you have to really sit and watch and bid.
Weird. I don't think it will go over all that well. But stranger things have happened.
Guess I'll stick to ebay.
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I don't think it will take off here. Who wants to pay even if they lose? In a live auction you pay a premium above the bid price, but only if you win. If everybody had to pay, there'd be nobody there. I can't see why the internet would be any different.
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