Madbid!

[TWR]

Has anyone used or ever used this bidding site? If so, what do you think of it?

[Buenchico]

Possibly fun if you're a gambler but otherwise best avoided!
http://www.techradar....-madbid-589070/review

http://www.dooyoo.co....s/madbid-com/1397628/

[TWR]

Yes I know, I've seen the site & joined on frid, I'm not a gambler only loto but just wondered if anyone has been on this site.

[Andyvon]

I looked at it after seeing the adverts. I remember it works in a similar way to eBay. All goods start off priced at £1 then Madbid members bid against each other during the sale period. The highest bid then wins.

The thing I didn't like was that you can only bid up to an amount you already have in your Madbid account. It's not like eBay where you pay later or with PayPal - you have to put the money into your account first before you can bid! So, if a new TV sells for £250 that's because the winner already had at least that deposited in their account. If you don't win the auction your money isn't returned - it remains in your Madbid account and I don't think it's easy to get back. That means you are obliged to buy something from Madbid at sometime in order to spend it.

I didn't bother.