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Thread ID: 102188 2009-08-10 08:55:00 Super-cheap-auction sites Chilling_Silence (9) PC World Chat
Post ID Timestamp Content User
799937 2009-08-10 11:24:00 http://www.onecentbid.co.nz/

They have something different again where they sell seats for an auction and only those that have a seat for that auction can then bid.
You don't pay for each bid but you pay to have a seat and then whatever price you might win the auction for.
They pretty much make their money back just by selling all the seats for the auction so anything they get from the actual auction is profit.



<---- Just saw my number of posts too :lol:
CYaBro (73)
799938 2009-08-11 10:39:00 This type of auction has been banned in many countries. It is often considered a scam based on the dollar auction principle.
en.wikipedia.org
sometimes called the all pay auction.
en.wikipedia.org
porkster (6331)
799939 2009-08-11 10:46:00 Why ban it? We have a plethora of meaningless legislation already. It is not going to con any but those who deserve to be conned. R2x1 (4628)
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