Hey Clummie, I don't blame you for not liking their terms and conditions.... Scroll down I will react to what they say IN RED within the body of their terms and conditions.
I was going to sign up but I didn't like their terms and conditions so I don't think I will. It looks to me like hidden fees that will come out of your paypal account. The How it works page just says you buy bids for a fee. I think I will skip on the registration there.
-Members may terminate their membership at any time. Members need only to Log In to their Specified PayPal account and cancel the giftcardbidz.com Subscription. TO CANCEL YOUR ACCOUNT WITH ANY PENNY AUCTION SHOULD NOT INVOLVE PAYPAL OR ANY CREDIT CARD. UNLESS THEY ARE REFUNDING YOUR MONEY IN WHOLE OR IN PART. EVEN THEN, THERE IS NO NEED TO LOG INTO YOUR PAYPAL ACCOUNT UNLESS IT IS TO SEE THAT THEY HAVE REFUNDED YOUR MONEY.
- If a Member for any reason disputes any charge from PayPal or giftcardbidz.com, 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. The $500 per hour starts the minute the dispute is filed and continues until the breach is fixed. The amount of the fine becomes due immediately and will be turned over to a collection agency if not paid within 10 days. WOW!!! FIRST OF ALL, IT IS AGAINST THE LAW FOR THEM TO LEVY ANY FINES, SECONDLY, NO ONE CAN LEVY A FINE, (PUNISH YOU) FOR DARING TO COMPLAIN WHEN YOU FEEL YOU HAVE BEEN WRONGED. WHAT THEY ARE SAYING IN EFFECT IS, "WE ARE ALWAYS RIGHT AND IF YOU SAY OTHERWISE YOU OWE US $500.00 PER HOUR". THEY MAY AS WELL HAVE SAID, ANYONE WHO COMPLAINS ABOUT US WILL BE SHOT LOL,LOL. WHOEVER COMPOSED THEIR TERMS AND CONDITIONS IS A RANK AMATUER, NO SELF RESPECTING LAWYER WOULD ALLOW HIS CLIENT TO HAVE THIS AS PART OF THEIR TERMS AND CONDITIONS.
-From time to time, based on the sole discretion of giftcardbidz.com, you may be charged fees and other charges (the "Fees") for the use of certain Services for which you are registered. Such Fees, if any, will be disclosed on the Site or to you prior to your use of a particular Service, and your use of the Service shall constitute your agreement to pay all applicable Fees. You shall be responsible for any Fees that result from use of the Service from or through your Account, whether or not made by you. Information on Fees shall be available to you under your Account information. The Fees shall be due immediately and are non-refundable, unless otherwise indicated to you in writing by giftcardbidz.com. All Fees are subject to change, and giftcardbidz.com will provide notice of such change in Fees on the Site or to you prior to the new Fees taking effect. Upon receipt of giftcardbidz.com's notice of a change in Fees, you may immediately cancel your Account. Continuation of a Service after notice of a change in Fees will constitute your agreement to the new Fees.
So many penny auctions have this in their terms, it is definitely a red flag. I wonder where they are copying this from though.
The time to time "fees" are just ludicrous. Everyone needs to read all terms & conditions for any new penny auction they sign up for,
we can't stress this enough.