Everyone loves a good bargain. And with the advent of auction sites online, it’s easy to find one today. Auction sites are fun, even exciting. And there’s a good chance that you actually can score that blender than much less than retail.
DealDash is an auction site that’s been around since 2009, a long time by any internet standards. The company has obviously had some success, but there are still users who refer to the DealDash scam. So what is the DealDash scam? Is it a scam after all? Here’s what you need to know about this penny auction site.
What is DealDash?
As mentioned, DealDash is an online auction site. Everything on the site begins at zero dollars, and users can bid in increments of one cent. That means that, should you find an awesome KitchenAid blender on the site, it’s theoretically possible to buy it for a penny, provided no one else is bidding.
So, what’s the catch? Well, for every bid you place, you’re charged a fee. At time of writing, that fee was $.12. In the past, the price of a bid has been as high as $.60. What that translates to is, quite honestly, a lot of money.
Let’s use that blender as an example. The blender starts at free, and you decide to bid. You place a bid of one cent, which costs you sixty additional cents. Another user places a bid on the same blender, and so you up your bid an additional penny – at another $.60. you’ve now spent $1.20 on a two cent auction item.
As you can imagine, these bidding fees add up, and quickly. DealDash does offer a “buy it now” price but that listing price is typically much higher than retail. As you can imagine, the unexpected out of pocket costs have irked quite a few users of the site – hence the DealDash scam.
What is the DealDash Scam?
If you’ve ever used an online auction site, you know how addictive they can be. You place bids on items you just know you’re going to get at a discount, and feel your heart race as another bidder places one higher.
In fact, auction sites like eBay and Tophatter can be good places to go to get a discount on household items, vehicles, holiday gifts and pretty much anything else you’re looking for. That said, DealDash is not.
Now, if these users had read the fine print they may not have been so surprised when their credit card statement printed. However, sites like DealDash make their money by not being overt or obvious about those fees. Legally, these fees were disclosed. Ethically, maybe not as blatantly as they should be.
Reading the fine print, we noticed something interesting. DealDash notifies users that, by using the site, they may spend more than retail. DealDash also encourages (in fine print) users to monitor their bidding practices so as not to rack up a huge bill.
In a manner of speaking, this is common sense. If you know you have to purchase bids, it should come as no surprise when your credit card bill reflects that. But the fact that sites like DealDash bury the true costs of the items in the fine print.
Is DealDash a Scam?
Technically speaking, DealDash is not a scam. You can’t even use the site without buying bids first, so most clear-thinking individuals should simply be able to do the math.
DealDash is legitimate in that you do place bids on items. You do have the opportunity to win items at lower than retail prices (though this is unlikely). And you do bid against competition, which can be fun and exciting.
However, DealDash is not legitimately a place to get items at a discount. If you’re after a discount, there are much better auction sites that don’t charge ridiculous fees. In fact, some sites like eBay charge the seller; the buyer simply makes a purchase.
So, while DealDash isn’t a scam, per se, we can’t say a few seconds of fun is worth the phenomenal out of pocket cost.
Should You Use DealDash?
There’s no doubt about it – DealDash is fun! Place your bid in one cent increments, then wait ten seconds to see if you’ll be outbid. If not, you’ve won the auction! Congratulations! If someone does place a higher bid, you have the option of going head to head with the competition.
That said, DealDash should, in our opinion, be viewed solely as an entertainment website, and used responsibly. Set yourself limits and a budget. It’s possible to get big ticket items for, say, less than $25. But if you have to place a hundred bids to win it, that’s an additional $60. It’s no longer such a great deal.
Should you use DealDash? If you’ve got nothing better to do and have a few extra bucks in the bank to blow. But should you use DealDash to secure great deals on hot products? Absolutely not. The fees alone will quickly eat up any potential savings – you’re better off shopping eBay or Amazon for that discount.
Sites Like DealDash
If you’re looking for a true auction site where the fees won’t swallow your savings whole, there are several alternatives that are legitimately good for getting big discounts.
PropertyRoom is one of our favorites. This site sells, believe it or not, items that have been confiscated by the police or the government.
One caveat we have to offer is that, by nature of the site, you may run into a counterfeit handbag or a not-so-authentic diamond necklace. Stick to things like air conditioners and musical instruments and you’ll have no problem.
Bidz.com is another auction site we think you’ll like if you’re looking for jewelry. Now and then you’ll find big name sunglasses and other accessories, but Bidz.com primarily auctions jewelry.
Of course, if you’re looking for a legitimate site that sells just about everything, eBay is one of the most popular auction sites. You’ll find everything from thrift store finds to Toyota Tacomas, and the site offers great buyer protection, too.