Beware of Cheapobids.com

I found cheapobids on May 21st and ever since then there have been the same bidders bidding nonstop and at all hours a handful of the same names keep bidding one after another on a programmed cycle.  Cheapobids.com looks like their strategy is to suck unknowing, novice bidders into their trap and steal their money along the way. These same bidders are bidding all the time do they have a life? Are they millionaires? NO because they do not like they can be real living people. If they are real legitimate bidders who have won things prove it. The first day I saw it, last Thursday, I lost money bidding on the Honda Civic Auction to their bidders that look lik ebots and they will not refund me. I keep getting E-mails back saying they have closed my support ticket because of no response from me. And yet they are listed on the BBB online: Even on the honda auction it says latest auction end time is May 21st 2009, I found it on the 22nd so thought maybe they were at a different time/date zone?

As of right now it shows that there have been 55792 bids on the

Non-existent Honda Civic SHAM at Cheapo Bids

2009 Honda  Civic Hybrid with Navigation System that they have up for auction. There are names like romeyrome, suzysue, markymark and wayneewayne.

Each time I placed a bid their bot didn’t come in until 1 second, that’s why I, as a newbie to their site, got conned out of $50. I thought these bots were legitimate people so I kept going thinking I had a chance at winning, figured they’d miss clicking and I’d win. Boy was I wrong. There are no multiple bidders even when the timer drops down to 1 second.

It looks like they are causing legitimate bidders to bid, and think that maybe all the  other bidders were spending too much so they waited until 1 second to bid, wrong again.

penny-auction-con1

It does not seem like a legitimate bidder has a chance of winning on this site. Maybe they will give you a flash usb drive or something to get you reeled in. I went and took a look at ended auctions and it looks like in the beginning they probably had real people bidding but they lost too much money so they started employing bots to trick people so they could recoup their losses. It seems this is how the many deceitful penny auction sites begin, they start out good to “legitimatize” their business and create customer/bidder loyalty then they swindle bidders after they’ve won too much.

Take a look at this bid pattern:

Bid

Bid

Bid

Bidder

Bidder

Bidder

Type

Type

Type

$430.98

$431.35

$432.44

2Hot2Handle

BunnyGirl

RPT2525

Single Bid

Single Bid

Single Bid

$430.97

$431.34

$432.43

FlameMan7

SweetThang450

Justin_O

Single Bid

Single Bid

Single Bid

$430.96

$431.33

$432.42

Dat_girl_Nat

richie_rich

suzysue

Single Bid

Single Bid

Single Bid

$430.95

$431.32

$432.41

repute12

Justin_O

RoseNaomi2

Single Bid

Single Bid

Single Bid

$430.94

$431.31

$432.40

MelodyPrincess2

richie_rich

suzysue

Single Bid

Single Bid

Single Bid

$430.93

$431.30

$432.39

renee23

romeyrome

ThatsHotParis273

Single Bid

Single Bid

Single Bid

$430.92

$431.29

$432.38

CaliGirl08

Big_Bruce

SweetThang450

Single Bid

Single Bid

Single Bid

$430.91

$431.28

$432.37

ThatsHotParis273

Dat_girl_Nat

MissThang2020

Single Bid

Single Bid

$430.90

$431.27

Babee619

romeyrome

Single Bid

Single Bid

$430.89

$431.26

richie_rich

renee23

Single Bid

Single Bid

Same bidders once again:

Notice how all the same bidders bidding on the car for days have won all of these other items.   All the same bidders bidding on the Honda for the past few days. Then take a look at the first winners ever to the website:

You be the judge. After many attempts at contacting them for an answer they have ignorned me.

Take a look at the latest winners:

705 bids on that porcelain doll, someone must have really wanted it.
Same bidders once again.
fountain
Notice all the same bidders bidding on the car for days have won all of these other items.

All the same bidders bidding on the Honda for the past few days. Then take a look at the first winners ever to the website:

Bid with caution and at your own discretion and please, as always feel free to share your experiences with penny auctions in the forums. Thanks!

We cannot prove that CheapObids is running a scam site/business but the bidders /same winners/ names and bid patterns seem suspect. If you have any  evidence to the contrary please let us know.

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5 comments… add one
  • martin June 23, 2010, 9:55 am

    Hmm. That's what sucks about penny auctions. if it's a new site the owners can run out of money really fast if they don't have enough users. That's why I'd guess they employ those automatic fake bidders.

    That's why I prefer unique bid auctions, wheather it's lowest or highest unique bid auction. Here first the minimum number of bids has to be placed and only then the auction ends. I guess no need for tricks or scams here. I particularly came to like http://www.eUNIBID.com. For some reason, I've been quite succesful winning best buy gift cards, but came very close to winning iPad once.

    Reply
  • CheapoBids.com September 15, 2012, 10:54 pm

    Hello,
    My name is Elliott and I just purchased the Cheapobids.com domain and started a new Online Penny Auction. If I had know this name was is use prior to me starting, I would have switched. That being said, we have no affiliation with the previous owners of this domain name. We are for real and legit.
    Check out our new site…

    Reply

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