Once again we cannot remind you enough to READ, READ, READ the Terms & Conditions for the penny auction site you are registering for.Â Look at the insane language in the Terms for Silvertag.com , aka The Perfect Bid:
If a Member for any reason disputes any charge from PayPal or Silvertag, the Member will be deemed in breach of this contract and will be subject to fines of $500 per hour that the amount is disputed with PayPal and the complaint is live up to a maximum of $5000.00.Â The $500 per hour starts the minute the dispute is filed and continues until the breach is fixed.Â The amount of the fine becomes due immediately and will be turned over to a collection agency if not paid within 5 days.
In addition, anyone who is suspected and further proven to be in breach of this contract or has engaged in any type of manipulation may immediately become liable to Silvertag.Com, LLC for the sum of $10,000 for each offense or attempted manipulation.Â In short, if in Silvertag’s sole discretion, anyone tries to manipulate or cheat the system in any way, they are considered in breach of this contract and can be fined by Silvertag an amount up to $10,000 for each offense or attempted manipulation.Â Failure to pay the fine will result in the Member being turned over to a Collection agency for collection.Â Any decision Silvertag makes relating to termination or suspension of any Member’s Account shall be final and binding.
Read the full terms.
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