Is DealDash Really Fair and Honest?


Does DealDash work?DealDash claims to be fair and honest, and an alternative to all of those penny auctions sites that have become so popular in recent years. It even goes so far as to say that it is easy to win the auctions. But should you get involved with this site, or will you just end up losing money, and getting products that you don’t really want?

Overview
Since it claims to be a viable alternative to penny auctions, it’s important to explain what a penny auction site is. This is where you don’t actually place bids on an item like you would on eBay. You are able to place bids on an item but it costs you to bid. If you are the last bidder when the time runs out you get the item at whatever price it ends up at. That means that potentially you could get the item for a few cents if you only place bid at the right time.

The Claim
Here’s how DealDash claims it works: all of the auctions start off at zero dollars. Every time someone bids the price of the product goes up by one penny. It costs $.60 to place a bid, and every time someone bids the timer gets reset. If your bid is the one remaining when the timer goes out, you win the right to buy the product at the price it is currently at.

So the theory here is if you bid strategically, you could end up with a product for a drastically low price. The flipside is if you really want something you could end up racking up plenty of fees by bidding so much.

The Hype
Penny auctions thrive on hype. The thought of getting namebrand products, expensive electronics, and anything and everything you can think of for such low prices is enough to drive people into a frenzy of bidding.

The Cost
Signing up with DealDash is free, but in order to bid you will need to buy bids at $.60 each. After that it’s totally up to you how much you spend, because you choose how many times you bid on a certain product or how may different products you bid on.

The Commitment
You really have to resolve yourself to spending a lot of time on the site in order to learn how to bid properly and get good deals. Most people think that they can just get lucky by stumbling on the right product at the right time, and placing a bid and getting a product super cheap for just a 60 cent fee. However, there is a bit of savviness that is required in order to have a higher chance of getting the product you want without paying more for it then you should. The site even offers a page filled with tips and tactics that you can outmaneuver other bidders.

Evaluation
DealDash is kind of like gambling because nobody likes to talk about their losses, they only want to tell you about their wins. It might be exhilarating to get a product at a low price, but how many bids did it take to get the item, and does the overall transaction work out in your favor?

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The big flaw to every single Penny auctions scheme is all the times you bid on items and don’t actually get the item. This represents flushing your money down the drain $.60 at a time. Essentially that is the main reason to avoid these sort of sites, because there is no joy in spending money and receiving nothing in return. The vast majority of people end up burning through their bids, not getting the product they wanted, or getting it at a price that makes it so they could have just bought it outright directly from the manufacturer.

Case Study
Let’s say you buy 100 bids for $60. You find some products that you’re interested in, and start bidding on them. You place five bids on five different products, and so you’ve already spent three dollars. Of course, someone comes behind you and also bids on the items, rendering your bid useless. So you give it some time and let some other bids roll in and then you think that you have a chance at getting them, so you place five more bids on the five products. You’re now down six dollars and you’re hoping that no one else places bids so that you can get the items that you want.

But that rarely happens, and someone will come by and place a bid, forcing you to make a decision whether to choose a new product, or keep an eye on the ones that you were originally interested in. It all boils down to just a big hassle, and stressing every time somebody bids on top of yours. The only saving grace for DealDash is they have a By It Now option which returns your bids to you if you use it, but then you’re not really using the auction feature you’re just using the site to shop from.

Final DealDash Review

Although DealDash emphatically states that they are honest and fair, it doesn’t take away from the fact that their business model relies on people bidding on products and not receiving products. We recommend against signing up and using penny auctions because frankly they just don’t make any sense. It’s almost like a carnival game at the amusement park. You know it’s probably rigged against you, but you just can’t help going for that big pink bunny rabbit. Save your money and just buy what you want at reasonable prices from online retailers. This way you’ll always get what you want and won’t waste any money doing so.

What do you think? Does DealDash work or not?


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{ 8 comments… read them below or add one }

Kirio September 13, 2012 at 12:44 am

These penny auctions are really tempting every time I see their ads and there have been few occasions when I almost tried them. I guess some people could really make money in this thing, but I think they’re the minorities. Also, I think the major winner is the penny auction site itself and most of us are losers for even trying. Maybe I’m being too critical about it, but that’s probably how it really is.

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lucylu November 7, 2012 at 1:58 am

Thanks for the review. I make it a point to find out about a site before I get in to it and this was very helpful.

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unique January 18, 2013 at 12:28 am

I used deal dash after i received an email promo for “free bids” I got 200 free bids and began bidding on a $50 gift card. After countless hours of bidding using the “bid buddy” automatic bid assistant the price for the item got to $35 for a $50 gift card! How is that a deal? The same 4 users kept bidding and bidding and I had already exhausted my 200 bids on this one item. I can only assume that these “users” had invested a similar number of bid and @ .60 cents a bid that would mean you would be paying $120 if you lost the auction. Who would risk losing that much for a cheap gift card. I think that they may use fake users to endlessly bid on items to make it impossible to win. dont use deal dash

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Anthony September 1, 2014 at 2:53 pm

Contact me: Re: Deal Dash.

alliedrecovery@live.com. I’d like to know more about your experience.

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lewis June 15, 2013 at 9:13 pm

deal dash is rigged by an autobot program there are no other bidders

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Josh B August 5, 2013 at 4:28 am

Having a look at the website I have to say that it reads a scam or something extremely dubious. I never really trusted auction sites because you never seem you can win for popular items. But then again that’s pretty much the whole point of having an auction in the first place. But you can find nice things that people give away that are too ignorant to know what they sold was a priceless heirloom. Something you could sell for a high price but because they didn’t know or didn’t care. You can benefit from that. However, Kirio does make a good point so I might consider penny auctions in the future.

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mikah September 2, 2013 at 8:27 pm

I’ve found that DealDash uses fake usernames, even hysterically inconspicuous, to keep the bids going. Here are a few:

safe1bet
luckydave
gr8deal
grandmabell (who likes to bid on expensive TVs and speaker systems)
wickitdeal

This drives up the bid volume, at no expense to DealDash, because the bidders are their automated users, NOT paying the $0.60/bid. How can you compete with that?

In short, this is a fraud.

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Lanny April 7, 2014 at 2:00 pm

I have watched 100.00 walmart gift cards go for 185.00 on deal dash. It doesn’t take a rocket scientist to figure out something is amiss with this site

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