PisoBid is an online auction and is not for minors (18 years old and below). I got curious on how the site works so I registered. Like other new users, I intend to search on the feedbacks of people on that website - if it is a scam of not. I have read the blogs and comments from TechnoKyle and StrawHatJP and concluded that PisoBid is not a scam. All the bidders need is a strategic mind to win the bidding.
I actually salute the people behind the website. Their minds in coming up with this idea, a penny auction site (as they call it), are brilliant! Again, PisoBid isn't a scam. Here's a brief summary of some items won by the bidders (refer o the table below) or you may want to check out this link to view the recent winners.
Bids | Estimated Cost | Highest Bid |
₱1000 Cellphone Load | ₱1000 | ₱2.43 |
₱5000 Zara Gift Card | ₱5000 | ₱4.94 |
Apple iPod Shuffle worth ₱2800 | ₱2800 | ₱2.60 |
₱500 Starbucks Gift Card | ₱500 | ₱2.19 |
Apple iPod Nano 8GB | ₱7200 | ₱19.31 |
Samsung Digital Camera SH100 | ₱10990 | ₱9.41 |
Bidders should remember that 1bid is NOT equal to ₱1 but at most ₱16.67, that is, if you have purchased 12 bids for ₱200.
BID PACK PRICES | ||
Bids | Price | Actual Money You’re Spending |
12 | ₱200 | ₱16.67/bid |
35 | ₱500 | ₱14.29/bid |
100 | ₱1000 | ₱10/bid |
350 | ₱3000 | ₱8.57/bid |
650 | ₱5000 | ₱7.69/bid |
1400 | ₱10000 | ₱7.14/bid |
To sum it all up:
Bids | Estimated Cost | Highest Bid | Number of Bids | PisoBid Earned (1bid=₱16.67) |
₱1000 Cellphone Load | ₱1000 | ₱2.43 | 243 | ₱4050.81 |
₱5000 Zara Gift Card | ₱5000 | ₱4.94 | 494 | ₱8234.98 |
Apple iPod Shuffle worth ₱2800 | ₱2800 | ₱2.60 | 260 | ₱4334.20 |
₱500 Starbucks Gift Card | ₱500 | ₱2.19 | 219 | ₱3650.73 |
Apple iPod Nano 8GB | ₱7200 | ₱19.31 | 1931 | ₱32189.77 |
Samsung Digital Camera SH100 | ₱10990 | ₱9.41 | 941 | ₱15686.47 |