New Georgia based penny auction, SmHeartBid.com claims to be the first penny auction running a multi-level marketing (MLM) program (note: DubLi & myBidShack also tout an offered MLM program). SmHeartBid (pronounced SMART BID) is requesting bidder’s social security numbers at sign up along with their mailing address, full date of birth and telephone number.
According to SmHeartBids’ MLM marketing video on YouTube, they’re the only penny auction site where users earn commissions “eight levels deep” on an auction whether you’ve purchased a bid pack or not. “Earn commissions almost immediately! And, ” With thousands of penny auction participants daily, SMheartBid.com is pure entertainment shopping at its very best with one big twist, it’s designed to pay you, and isn’t it time you got paid?”
One new forum member, presumably an affiliate marketer/MLM member, in a forum post, recently posted:
“Please note that since this company shares some of their profits by paying commissions on positive activity, they do ask for your SSN on the registration page. The CEO doesn’t want to take any chances with the IRS.”
Alexa says, “Smheartbid.com has a three-month global Alexa traffic rank of 3,412,999.
(No reviews yet) 3,412,999Alexa Traffic Rank Sites Linking In
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smHeartBid’s ‘About Us’ Info:
|“smHeartbid.com: The Leader in Penny Auction/Multilevel Affiliate Marketing (MLAM)|
|smHeartbid endeavors to be the leader in the Penny Auction online industry.|
|smHeartbid was established for three logical reasons.|
|1.||Provide an outstanding entertainment online shopping experience|
|2.||Provide income opportunity from auction activity|
|3.||Provide financial assistance to communities in need by way of our Non-Profit organization (NPO) Initiative.”|
According to SmHeartBid’s terms, they’re incorporated as Pangea Global Network:
“The following General Terms of Service (“Terms”) shall apply exclusively to the business relationship between Pangea Global Network, Inc. d/b/a smHeartbid.com (“smheartbid”), its internet platform www.smHeartbid.com (“the Website”) and our users. By using the Website, the user accepts the following General Terms and Conditions, as well as the manner in which the Website and its “AUTOSBIDDER” operate as described on the Website. (Autosbidder?)
SmHeartBid’s terms state the following,
“Publicity: smHeartbid reserves the right to publish the name, region address and photograph of any winners. This rule is one of the conditions of participating on the Website, which allows smHeartbid to provide the public with proof of the auctions won by users. This constitutes a fundamental transparency issue. As a winner of a major auction, you may be asked, depending on advertising needs, to take part in a photo session and a brief interview about the circumstances surrounding your win. The following rules apply to the photo session:
- The face must be uncovered
- smHeartbid might require photo ID to confirm the winner’s usual appearance. If a winner refuses to comply with these rules, smHeartbid reserves the right to suspend payment of the prize.
- The information gathered may be used to write a press release sent to the media. Your win will also likely appear in one of smHeartbid’s commercials, including but not limited to, television and radio, as well as on the Website.”
Domain name: smheartbid.com
Whois Agent LiquidNet US LLC ()
1500 N. University Drive, suite 115
Coral Springs, FL 33071
We e-mailed to ask Bob Johnson, CEO of SmHeartBid about the required SSN and if users can join without giving them this info, He tells us:
“SmHeartbid.com is actually a paradigm shift in the Penny Auction Industry. Our goal is to share our profits with our Affiliates. The income that Affiliates can earn, can be very attractive and are treated as “earned income”. With that in mind all income over $600 is reported to the IRS. (It’s like having a home based business.) The Social Security # or Fed Tax ID # is imperative in order for us to pay the referral commission.”
Business owners are required to send a 1099 out to independent contractors who are paid over $600/year and for that a ss# is required, however I don’t feel it necessary for a penny auction site to require this from all registered users. Just my opinion.
The site appears to be partially encrypted.
Under right to cancel – users must contact:
“The following contact details must be used:
400 Peachtree Industrial Blvd. Suite 5
Suwanee, Ga. 30024″
|Our primary purpose in collecting personal information is to provide you with a safe, smooth, efficient, and customized experience. You agree that We and affiliates or members of our corporate group may use your personal information to:
According to Bob, they plan to re-open tomorrow at noon EST.
www.smheartbid.net, SmHeartBid’s instructional site takes the following info from closed auctions (though it doesn’t specify from where), yet we don’t see these same closed items on their site?
If you’ve tried it, what have your experiences been with smheartbid.com? Would you give sensitive personal information out to a penny auction site?
Discuss this in our penny auction forum.
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