Complaint Review: Swoopo Entertainment Shopping Inc.

I am going to start off by clarifying a couple of things. First off, I am not affiliated with swoopo, nor am I related or know anyone affiated with them. I have never won an auction with them either. That being said I wanted to paint a clear picture of this web site. You do pay for each bid 75cents to be exact. There are several different formats for the auction. Some, you never actually pay for the item, however, each bid is still costing you the 75 cents. Some increase the auction time left by 15, 10 or 5 seconds. There are also cases where the time amount chages once a given dollar amount is reached. There are fixed dollar auctions where you are bidding to be the high bidder, but at the end, you are paying a fixed dollar amount regardless of final bid amount for the item. Once again, in the end, you pay that fixed dollar amount, PLUS the 75cents/bid. IN MY OPINION this is more like a real auction than e-bay. When you submit a bid at a live auction, the bidding continues until noone else is biting. That is how this one works as well. That being said. If you want to win that 53" LCD TV or that imac computer for several hundreds of dollars less than retail, be prepared to sit in front of you computer for a loooooonnnnng time. I can't tell you anything about the products being as advertised because I have never won an auction, but I haven't tried to win that many. I bought 50 bids for $37.50 (that $.75/bid). An example is there is a $1000 laptop that was recently won for just over $200. There is another one right now at $55. This is a penny bid, which means that each $.75 bid raises the price by $.01, that's one penny. At 150 more dollars to get to the $200 mark (I know, it may go cheaper or more) that is 10500 bids. This auction adds 10seconds for each bid so be prepared to sit for a while if you are going to watch this one until the end. If you don't like this format, don't subscribe and buy bids.

My advice, sign up, watch the auctions, read the details, they are all there and decide if this format is for you or not. It does not appear that it is a format the other two posters cared for. That does not make it a scam!!

If someone has a winning bid experience with bad product or product not as described, please post so that we can know about that instead. That would make swoopo a rip off.

I am going to start off by clarifying a couple of things. First off, I am not affiliated with swoopo, nor am I related or know anyone affiated with them. I have never won an auction with them either. That being said I wanted to paint a clear picture of this web site. You do pay for each bid 75cents to be exact. There are several different formats for the auction. Some, you never actually pay for the item, however, each bid is still costing you the 75 cents. Some increase the auction time left by 15, 10 or 5 seconds. There are also cases where the time amount chages once a given dollar amount is reached. There are fixed dollar auctions where you are bidding to be the high bidder, but at the end, you are paying a fixed dollar amount regardless of final bid amount for the item. Once again, in the end, you pay that fixed dollar amount, PLUS the 75cents/bid. IN MY OPINION this is more like a real auction than e-bay. When you submit a bid at a live auction, the bidding continues until noone else is biting. That is how this one works as well. That being said. If you want to win that 53" LCD TV or that imac computer for several hundreds of dollars less than retail, be prepared to sit in front of you computer for a loooooonnnnng time. I can't tell you anything about the products being as advertised because I have never won an auction, but I haven't tried to win that many. I bought 50 bids for $37.50 (that $.75/bid). An example is there is a $1000 laptop that was recently won for just over $200. There is another one right now at $55. This is a penny bid, which means that each $.75 bid raises the price by $.01, that's one penny. At 150 more dollars to get to the $200 mark (I know, it may go cheaper or more) that is 10500 bids. This auction adds 10seconds for each bid so be prepared to sit for a while if you are going to watch this one until the end. If you don't like this format, don't subscribe and buy bids.

My advice, sign up, watch the auctions, read the details, they are all there and decide if this format is for you or not. It does not appear that it is a format the other two posters cared for. That does not make it a scam!!

If someone has a winning bid experience with bad product or product not as described, please post so that we can know about that instead. That would make swoopo a rip off.

I am going to start off by clarifying a couple of things. First off, I am not affiliated with swoopo, nor am I related or know anyone affiated with them. I have never won an auction with them either. That being said I wanted to paint a clear picture of this web site. You do pay for each bid 75cents to be exact. There are several different formats for the auction. Some, you never actually pay for the item, however, each bid is still costing you the 75 cents. Some increase the auction time left by 15, 10 or 5 seconds. There are also cases where the time amount chages once a given dollar amount is reached. There are fixed dollar auctions where you are bidding to be the high bidder, but at the end, you are paying a fixed dollar amount regardless of final bid amount for the item. Once again, in the end, you pay that fixed dollar amount, PLUS the 75cents/bid. IN MY OPINION this is more like a real auction than e-bay. When you submit a bid at a live auction, the bidding continues until noone else is biting. That is how this one works as well. That being said. If you want to win that 53" LCD TV or that imac computer for several hundreds of dollars less than retail, be prepared to sit in front of you computer for a loooooonnnnng time. I can't tell you anything about the products being as advertised because I have never won an auction, but I haven't tried to win that many. I bought 50 bids for $37.50 (that $.75/bid). An example is there is a $1000 laptop that was recently won for just over $200. There is another one right now at $55. This is a penny bid, which means that each $.75 bid raises the price by $.01, that's one penny. At 150 more dollars to get to the $200 mark (I know, it may go cheaper or more) that is 10500 bids. This auction adds 10seconds for each bid so be prepared to sit for a while if you are going to watch this one until the end. If you don't like this format, don't subscribe and buy bids.

My advice, sign up, watch the auctions, read the details, they are all there and decide if this format is for you or not. It does not appear that it is a format the other two posters cared for. That does not make it a scam!!

If someone has a winning bid experience with bad product or product not as described, please post so that we can know about that instead. That would make swoopo a rip off.

I am going to start off by clarifying a couple of things. First off, I am not affiliated with swoopo, nor am I related or know anyone affiated with them. I have never won an auction with them either. That being said I wanted to paint a clear picture of this web site. You do pay for each bid 75cents to be exact. There are several different formats for the auction. Some, you never actually pay for the item, however, each bid is still costing you the 75 cents. Some increase the auction time left by 15, 10 or 5 seconds. There are also cases where the time amount chages once a given dollar amount is reached. There are fixed dollar auctions where you are bidding to be the high bidder, but at the end, you are paying a fixed dollar amount regardless of final bid amount for the item. Once again, in the end, you pay that fixed dollar amount, PLUS the 75cents/bid. IN MY OPINION this is more like a real auction than e-bay. When you submit a bid at a live auction, the bidding continues until noone else is biting. That is how this one works as well. That being said. If you want to win that 53" LCD TV or that imac computer for several hundreds of dollars less than retail, be prepared to sit in front of you computer for a loooooonnnnng time. I can't tell you anything about the products being as advertised because I have never won an auction, but I haven't tried to win that many. I bought 50 bids for $37.50 (that $.75/bid). An example is there is a $1000 laptop that was recently won for just over $200. There is another one right now at $55. This is a penny bid, which means that each $.75 bid raises the price by $.01, that's one penny. At 150 more dollars to get to the $200 mark (I know, it may go cheaper or more) that is 10500 bids. This auction adds 10seconds for each bid so be prepared to sit for a while if you are going to watch this one until the end. If you don't like this format, don't subscribe and buy bids.

My advice, sign up, watch the auctions, read the details, they are all there and decide if this format is for you or not. It does not appear that it is a format the other two posters cared for. That does not make it a scam!!

If someone has a winning bid experience with bad product or product not as described, please post so that we can know about that instead. That would make swoopo a rip off.

I just did a one month analysis of an Apple Macbook on Swoopo. I found that Swoopo is profiting about 200% of the value of items delivered. This was only a small field for comparison - based solely on 1 month (December) of auctions for the same brand/model laptop. My findings were that on one item, in 49 auctions, Swoopo pocketed more than $127,000.

There were some interesting finds, such that they only come out ahead on roughly 50% of all auctions. However, those auctions they profit on include several that earned over 20x the wholesale value of the actual computer. On said Macbooks, the bids on the auction only need to reach $12.83 for them to make one penny. Everything beyond that is pure profit. The average value I found was $51.90. This meant that they grossed and average $3894.15 from all the bids placed (@.75 each) plus the $51.90 average ending price. That brings the average gross to $3946.05, and once you take out the cost of the item at Retail Value ($1299) they netted about $2647.08.

Further example, one auction sold for $0.92. This combined with the profit from bids brought the gross to $69.92. Factor in the cost of the laptop, and Swoopo LOST $1228.92. However, this is completely offset by the auctions such as the one ended on 12.01.08. This auction finished at 248.03, which means they stood to gross over 18602.25 (@.75 each)from bidding alone. Then add in the final value of the computer, 248.03, and you have a gross of 18850.28. Factor in the Retail value of the computer, and they netted a $17,551.28 profit.

I think it is pretty clear they are not losing money, however there is a chance to win a laptop at an extremely low value. The lowest I found was the winner of the $0.92 auction. When it was all said and done, shipping included, he had a 1299 dollar laptop for about $26.14. Just don't be like user Deafdlg and actually bid so high that the cost of bids are 200 more than the actual value of the computer.

If you would like to see more of my findings, and a complete table showing said findings, please view the pdf I published. Not all values are perfect, I already noticed an error in one field after I published the file, however most of them are spot on.

Swoopo.pdf]http://www.hotlinkfiles.com/files/2184751_j4kfy/Swoopo.pdf]Swoopo.pdf