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Nairaland Forum / Nairaland / General / Family / Is Penny Auctions Of Kobobid Legit Or Scam? (18834 Views)
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Is Penny Auctions Of Kobobid Legit Or Scam? by AishaYesufu: 3:38pm On Mar 14, 2021 |
Hello. I'm curious about this Kobobid company and their business of penny auctions. I don't know much about either of them, but their deals looks really attractive. Who has an idea on how it works and how to win on their site? 2 Likes |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by AishaYesufu: 3:38pm On Mar 14, 2021 |
1 Like 1 Share |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by zolajpower: 5:34am On Mar 15, 2021 |
![]() What's penny auction ? 1 Like |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Xscape047: 5:36am On Mar 15, 2021 |
Problem is, penny auctions are still a big time scam for consumers. ... Often times, the final bid is a pittance compared to the actual cost of the merchandise sold, allowing penny auctions to easily advertise the amazing deals. But it's not free to bid you see, as most companies charge N100+ per bid. Penny Auctions Scams and Tricks Using third parties to advertise products for sale at unbelievably low prices on classified ad sites like Craigslist, and then telling would-be buyers the item is sold. The advertiser then claims he bought the item on a penny auction site and directs the callers to visit it. 24 Likes 3 Shares |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by AmigoDeDon(m): 5:36am On Mar 15, 2021 |
let me make research, |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Nobody: 5:38am On Mar 15, 2021 |
Somethings are better left the way they are......don't get ur finger burnt. 30 Likes 2 Shares |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by SweetCunt97(f): 5:38am On Mar 15, 2021 |
Hope not a ponzi scheme |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Figliomi: 5:39am On Mar 15, 2021 |
It looks good. Think you should try with a little cash. Life is a risk if you want to win 5 Likes 1 Share |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Ruke1989: 5:41am On Mar 15, 2021 |
Bidding systems leverage on small profits from crowd. If you auction a car for 95pence and leave the bid open until 1 million people pay $3 bidding fee each you have gained far more than the person who outrightly sold same car for £4000. Bidding systems charge non refundable bidding fees before you can place bid 43 Likes 3 Shares |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Enyimbamercedes: 5:43am On Mar 15, 2021 |
They are legit scams. The only person who wins is the seller. You feel you are getting a good deal by trying to buy a 250,000 naira phone with 1,000 naira ; probably 100 other people are feeling the same way. So 1 million of you buy a bid pack of 25,000 naira containing 250 bids and start placing bids. Kobobid makes 2.5m ... You have to pray you can outbid the other 100 people and probably keep buying bidpacks to do this. Eventually you may spend more than the cost of the phone to bid for the phone while kobo bid gets their money. You do not get a refund though... you get tired and cut your losses. 101 Likes 6 Shares |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Alejobs: 5:47am On Mar 15, 2021 |
![]() Make we learn together. Guy in case you need solar laptop powerbank, Holla @ me, more than 10 hours guaranteed! |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by boogie2: 5:56am On Mar 15, 2021 |
Alejobs: How much? |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by DenreleDave(m): 6:01am On Mar 15, 2021 |
AishaYesufu: Send the link |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by karzyharsky(m): 6:02am On Mar 15, 2021 |
Kobo bida |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by feelgoodstuffs(m): 6:04am On Mar 15, 2021 |
Nothing good comes easy |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Atheistan: 6:15am On Mar 15, 2021 |
You keep buying bid packs as well as 100 other people. Its same thing as Bazaar you dont actually get it cheaper at the end.. Just imagine if bazaars charge bidding fees. 7 Likes |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by codesport(m): 6:17am On Mar 15, 2021 |
I'm following. |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by softset: 6:20am On Mar 15, 2021 |
So this scam model just entered Nigeria.... lol . It used to be popular in the early 2000 in the United States, they even advertised on cable news especially CNN and fox News. The software that powers it is sold for like $100 , the admin can easily manipulate the outcome. There are technically no winners on the consumer side. They will definitely succeed in Nigeria as many of the people there have been brought up to believe 100% in 'miracles' in the process many have unrealistic expectations. How can you think you can bid for iPhone 12 for 1500 naira, if you are not plain stupid ? 53 Likes 5 Shares |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by AfricanBilliona: 6:20am On Mar 15, 2021 |
I honestly don't know what it is but the name already sounds like a glorified Ponzi scheme ![]() 4 Likes |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by ultimateprof: 6:27am On Mar 15, 2021 |
It is easier to make money in this country in a wrong way. 9 Likes |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Horo(m): 6:32am On Mar 15, 2021 |
Most bids are scam I rather use my money chop better rice and stew then to be scam by some idiots ![]() ![]() 12 Likes 1 Share |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by AwesomeStormy00(m): 6:34am On Mar 15, 2021 |
softset: Your last paragraph make mr chuckle with laughter. ![]() ![]() 13 Likes |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Pious101: 6:34am On Mar 15, 2021 |
Dem don come again 1 Like |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Alejobs: 6:34am On Mar 15, 2021 |
1 Like
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Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Adedotguy: 6:36am On Mar 15, 2021 |
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Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Skyfornia(m): 6:38am On Mar 15, 2021 |
The first day I registered on kobobid...after reading how it works..I was entirely discouraged. It might not be scam but the greediness of the owner is overwhelming.. 8 Likes |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Pious101: 6:39am On Mar 15, 2021 |
Alejobs:e dey power TV? |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Oluwapresley(m): 6:42am On Mar 15, 2021 |
Another mass heartbreak looming! I'm waiting 2 Likes 2 Shares |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by LookInTheMirror: 6:43am On Mar 15, 2021 |
![]() I warned people on instagram it is fake and a scam Let me explain They sell bids for N500 for luxury items from iphone 12 to ps5 to macbooks Now thousands of people pay N500 each hoping to win iphone 12 let's say 20,000 people pay that's 20,000 x 500 = 10, million They give out 3 iphone 13s to supposed winners next time you are convinced to bid again and again because you never know he number of people who bid Oga it is a scam a money printing machine and a huge cash out If you want to design it come pay let me design one better for you def but I charge 1 million . You will take in profits off people's greed Kobo bids are a scam 20 Likes 4 Shares |
Re: Is Penny Auctions Of Kobobid Legit Or Scam? by Iruobean(m): 6:44am On Mar 15, 2021 |
![]() 1 Like |
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