Is Pisobid a Scam?
Pisobid, is one of the best know ‘bidding’ sites wherein you can buy an iPad 2 32GB WiFi for Php64.17, a Canon EOS 1100D DSLR for Php39.19. The Pisobid bidding site is a good way to get extraordinary deals but there is a catch.
How Much Pisobid earns
Pisobid is definitely not a scam from what I see. They are actually earning humongous amounts of money. I’d argue that they are earning more than they bought the product. Assuming that every bid is equal to Php1.00 (Php 1000 = 100 bids).
iPad 2 32GB WiFi
Bids = 64,170
Which means that they earned (Php64,170 – Php28,990) = Php 35,180
Another thing to consider is that they sell bids. Bids which can be ‘created’ by the system. It means that they can earn from Bid Packs from just nothing.
Pisobid is more of a gambling site than an auction site, wherein you put in money and you never get it out. It is good as theirs. If you like Pisobid, I’d advise you to be wise with your bids. Goodluck!