Xbids.com, Beezid.com similar bidding ".com" industry Elusive Bid Making Strategy puts all the consumers at serious risk Internet
Companies such as XBID.COM & BEEZID.COM are the social human suckers intended to make the owners rich overnight by eluding millions of online consumers. The companies re-sell the products produced by some other companies other than themselves to online consumers but in an elusive manner. Multiple number of online consumers bid on a single product, and each bid is not a free bid. Every consumer has to buy bid packages from XBID and BEEZID. There is nothing wrong selling one product to one consumer, but the issue is multiple number of other consumers are cheated while selling that one product simultaneously. Consumers who do not win the bid lose their money since each bid is paid for. This strategy is totally different from traditional bidding system in which non-winners at the auction do not lose the amount they proclaim. Federal Bureau should investigate the strategies of XBID and BEEZID, and research needs to be done before allowing such online companies to exist freely in the community. I hope this comment will open the eyes of all the consumers and not fall in the ill strategy of XBID and BEEZID. This is known as "taking advantage of the democratic system."