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
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?
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.
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.
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I’ve been using DealDash for years, with excellent results. I’ve won over 25 high quality items. What makes it so good, is they give you free bids everyday for checking in (up to 15). This is a big help and keeps me coming back!
I don't think it's a scam per se, but Deal Dash really seems to use some shady tactics to entice users. I got an offer for a discounted bulk of bids, and figured what the heck, I'll try it. On my first day I won 200 more auctions for a penny. "Wow," I thought, "pretty cool." Came back a few days later and was simply watching some of the auctions when I saw a fancy ballpoint pen listed as "coming soon." I checked on Amazon, and the pen sells for $40. So I watched the countdown, and the auction went live, and with two seconds left, I bid. Ten seconds later, I won -- a $40 pen for the equivalent of 11 cents (the average cost of my discounted bid plus one penny). Free shipping. Another pen showed up a few minutes later. Bid a penny and won. "Jeez," I thought, "this is too easy." Then some calligraphy pens same deal, I won three auctions at a penny a piece -- on my first day.
A few days later a box arrived in the mail with all my stuff.
Well, since then, I've *never* seen an auction only get one bid. And this is over a period of about two months. I've tossed some bids into items that seemed to be running out of steam, but never got into a true competition.
My guess is that for new users, they tee up auctions that only one user can see, so they naturally win, get excited, and buy lots more bids. Is that fraud? Well it'd be a difficult case to win: "Ladies and gentlemen of the jury, my client was cheated -- he paid about 50 cents for $100 worth of merchandise, in order to trick him!" Good luck with that line of argument, counsellor...
So I will use the rest of my bids, with the expectation that I'll never win anything again, and leave the site. Oh, but I'll enjoy my new collection of pens, too...
I have seen these commercials and my advise is to run. They have sophisticated computer programs that monitor your every move and learn your tendancies. Sure let you have a few small wins and your sucked in. Auto bid is their favorite, just program most if
not all auctions to auto bid until it makes enough profit.
Beware
They refunded me in a matter of seconds
Anna Harrington
went to sigh up thru pay pal deal dash did not except my credit card security number. but after this attempt i could not pay any where with my card . found out credit card company had to block my card due to multible deal dash purchases which they denied and stoped any use on card.
This site blows. Bottom line.