MadBidReviews 397

Please stay away from this blatant rip off site, I wish I had researched this site prior to parting with my hard earned cash but then the site was advertised on national TV so it can't be a rip off or so I thought, I closed my account after using part of the free credits I received when I joined expecting to get my money back, I mean the demo video tells you that you will get refunded right? Not so people they kept my money, avoid this rip off site like the plague, imagine going to an ordnary auction and at the end of it although you were outbid and didn't successfully win a bid the auctioneer gave you a bill for putting your hand up you would think he'd lost his marbles well that's exactly what this site does, every time you put your hand up to bid they take money off you, absolutely incredible they are allowed to trade/operate, they should be closed down

Paul B

Hi Just joined MadBid to have a look for more info but the only valid links are to buy credits. It looks obvious to me that this site is designed to take money by making you buy & bid with credits of which it takes several credits to place a bid. The nearest thing I can offer as a similarity for this is the amusement arcade machines which spew strips of tickets for endless cash stuffing through the coin slot., then to find your two million won tickets which cost you £££££sss will buy you a pencil with a rubber gonk stuck on the end. At least in arcades it obvious your chucking money away but on Mad Bid their telling you its an auction when its actually a raffle that can only be won by the last one to enter. This should be banned along with pyramid schemes and the likes, and since I joined its been endless spam Texts with unbelievable offers of free tickets and guaranteed refunds if I loose. All tactics of scam merchants and tricksters. I don, t part with money easy and have no intention of doing so here. It was obvious from the outset that this site is misleading, The lack of info and having to buy credits to win credits is a big red alert. Stay Away,

Beware! Had to buy credits before I could access the site. There was nothing on there that was of any interest but when I went to the online chat to enquire about a full refund for credits purchased but not used, the person at the other end ignored me and wouldn't answer the question until I pushed very hard for a response. I ended up ringing to get an answer and confirmation that the money would be repaid... scary... made me feel I had been mislead and was being ripped off... not nice. It remains to be seen as to whether the refund ever reaches my account. I suspect I will have to chase these people again but I live in hope:-(

Wow - what an awful website, I mean TRULY awful. As others have said, it's one big con really. Just look at how much money they make on every single sale... there's no way to get a true bargain - the site is now set up for the professionals who only buy the items to sell them on. The unsuspecting general public are led to believe they can bag some sort of unbelievable bargain, which they can't and which they won't.
All the newbies come in, spend a couple of hundred before they realise it's one big duping operation before going away again.

They should really be charged with false advertising, god-awful customer service and whole list of other things.

I'm sure the Government will step in one day soon, class the website for what it is, that's gambling, and take their cut.

What an terrible, terrible company,

I too was hoodwinked and was relieved of £99.96 after registering for what I initially was led to believe was a £1.00 registration fee. However after a seies of e-mail exchanges where I was repeatedly told my money would not be refunded I have now been promised a refund of £49.98 in respect of rapid top ups only after e-mailing the ceo and threatening him with Trading Standards and also Small Claims Court action. Had I proceeded with this course of action I believe I would have been successful and a very interesting precedent may have been set.

I too was sucked in without realising you had to pay to bid. No info about this on the sign up page or the fact that they will keep your money if you do not spend it.
After some pressure they have now agreed to refund my money, see below.
Some info on the company.

Maddbid.com
Marcandi Ltd - is the controlling company. *******@marcandi.com.(Reg No. *******)
Juha Koski & Daniel Rovira are the people who control the company.
*******@madbid.com is his personal email.

C/o Thb Associates Ltd
The Courtyard
High street
Chobham
Surrey
GU24 8AF

I threatened them with Trading Standards and ASA. I also spoke with their accountants BDO London, *******410. To enquire if the letter published on Madbid web site was genuine.

'Hey BRIAN,
Your order has been successfully refunded.
Just to let you know your order placed on Wed, 23 Jul 2014 for order id ******* has successfully been refunded.
Refunds can take up to five working days depending on your method of payment.
If you have any questions, please do not hesitate to contact us on *******361 or emails us at *******@madbid.com'

We all know it is a waste of time trying to phone them.
I hope the foregoing may be of some assistance.
B. Owen.