Have you ever heard of Pisobid? Do you really believe that you can buy an iPad2, a Nikon or Cannon DSLR at 99% off?
A penny auction site dedicated to Filipino’s. This site has become a hit since it was officially launched.But many are asking if this site is a legit business or is this site is just a hoax.
Let’s take a look on how does Pisobid works according to their website:
At First, your reaction will definitely be, “Common! That was obviously a scam.” So let me give you a broader look of the site, and join me while I assess if this bidding site is legit or not.
Pisobid is like an ordinary auction, but you should buy a bidpack to get involve in bidding. When you register to the site, you’ll get 5 free bids which you can use on bidding. Bidpacks are also sold for different prices depending on the pack size.Prices range from P200 to P10,000.
Upon searching the site content and reading all its rules and procedures, I can say that the site can be considered as legit business. How do I know?
1. It uses Gcash and Paypal. This money transfer services require legit information in order to use their services. I am a Gcash user and I trust its system. Western Union also sells their bidpacks.
2.The site has a registered TIN number.
3. Bidding History:
Each bid made is listed on the bidding history, including the bidder, time and the current value of the item.
4. Winners are interviewed and their videos are feartured in Pisobid’s youtube channel.
5. I interviewed someone who already won in Pisobid and said that the site is a legit bidding site and winners truly receive what they won..
*Some think that the site uses bot bidders but so far, winners say that they all got their prizes.
So if you also think that the site is not a scam and safe, feel free to bid. Just keep in mind that this type of auction requires not only money but also patience and timing to beat your fellow bidders. And be cautious in bidding.
Note: I am not, in any way connected to Pisobid.com. This review is based on the best assessment that I can provide to provide useful information to those who want try the said website.
Edit: There is an issue about Pisobid. Some of their frequent winners were said to be banned. I am posting their comments here and if you were interested, have some time to read. This comments may help you decide if the side deserves your patronage.
Finally a blog that is objectively looking at auction sites in regards to their legitimacy and not just malicious rumor mongering. I would just like to add my 2 cents worth to the discussion.
I am papa888. I am a bidder who has been bidding since Winila the 1st local auction site was introduced in the Philippines. I consider myself a veteran. Hehehe…. (Which doesn’t necessarily mean I win every time. I actually lose more often now than I did before due to the great influx of players in the game.) I admit it’s addicting and like you I have studied objectively the different sites so as to determine for myself the legitimacy of their operations in order for me to bid.
Pisobid is legit. That much I can say. As a former player, I have indeed received the prizes that I had bought from their site. I don’t question their legitimacy and actually like their site. However, like Fort above, I was also banned by Pisobid without any explanation or reason being given. Just a general statement that “You know what you did, now is the time to come clean!” (Huh????) Subsequent follow-up emails asking for explanations have all remained unanswered. I am extremely disappointed at the “high-handed” manner in which they conducted the BAN. Their original TOS stated that they would give you specific reasons prior to any BAN being imposed but they did not follow this and subsequently changed this to “without prior warning”. At the time of my being banned, I had over 3500 bids in my account and awaiting delivery of 2 prizes that I had fully paid for including the delivery charges. These were withheld without any clear or valid explanation. I leave to your readers the decision whether Pisobid deserves their patronage.
“Hi! ako magpapakilala ako di ako katulad ng iba na anonymous hehehe…. Anyway im fortdan023 and my wife is prettyhazel in pisobid. we are mutiple winners in pisobid.. Pisobid are legit and we’ve won a lot of item nung UNA . … .but sadly there was a time na nabanned kami ng wife ko pati ung price namin hinde po ibinigay (hinde lang ako maraming ibang nabanned na nanalo pero hinde binigay ang price) .. because of the accusation of team play which is never happened at all.. Accusation without any proof.. banned without reason.. ganyan ang nangyari sakin at sa iba pang mga malalakas n players ng pisobid n nbanned…. mas matatangap ko pa mabanned ako kung me ginawa talaga ako violation kaso ang masama wala… ang masaklap pa dun dinelete ang account namin sa database wala tuloy kami panlaban sa kanila using Legal Action kasi sa Batas po natin .. SCREENSHOT is not enough Valid Evidence because it can be Altered or modify . ang wise din nila ..pero di nila naisip maraming mga supporter nila o loyal consumer ang tinangal nila sa maling parata..
Well, I must say that I enjoyed reading your blog post and all of the comments It’s nice to see that our website generates so much interest and we can only hope it’ll stay like that for a long time. We enjoy running auctions, we enjoy developing technology that’s behind it, we enjoy interacting with community… so for every single one of us in the team, Pisobid has been one huge, trilling ride that just keeps on giving.
And that’s also what we want for our customers. I see that some of the commentators call us “high-handed”, “tough” and “non-flexible”. Sure, we are like that. And we don’t see why that would be an issue – we have reputation and customers to protect and for sure we won’t cuddle anyone with warnings every minute or so. When you register, we are very clear on what is allowed and what is not allowed, and it’s up to every single user to decide whether he wants to be protected or prosecuted by the rules.
Would we like that situation is different? Sure – we would LOVE if all of our customers would play fair. When we first launched the site we actually didn’t have any built in control for fraud. How that worked for us? Pretty awesome – some of the fraudsters registered as much as 100 accounts. When we cornered some of them and asked to explain how they are not at least bored to create so many accounts for 5 bids and switch between accounts every now and then, you know what they said?
I haven’t created any extra accounts.
So since then we have embarked on a mission to expand on security of our system. We knew that small number of people will be against it, but we also knew that majority would welcome fair and safe bidding environment. Most don’t know, but our development team is actually based in United States (offices in San Francisco and Saint Louis) and is pretty well connected. We have partnerships with Yahoo, Facebook, Google and many others, that allow us to analyze some of their tracking data (I am pretty sure that you guys know how Facebook collects your browsing history on every web page that has Like Button) and thus we can really protect fair bidders on our website from those who are not. So, we are confident that we will always be the only choice for 95% of customers since we can offer what none other Philippines bidding site can when it comes to quality of bidding environment.
So what happened to Pisobid.com? Apparently, the peso auction sited has closed. It’s website is now redirected to Facebook.
I have emailed the Chief Admin of the website who used to give free bid points for my readers but he would not reply. Maybe the website is not coming back. I will post any reply from the Admin of Pisobid the moment that they reply.