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There's no chance these things aren't riddled with shell accounts bumping the price up and also winning.
by Trundle 10y ago
There's no chance these things aren't riddled with shell accounts bumping the price up and also winning.
- tonteldoos 10y agoMaybe that business model is worth a look as a SaaS...
- TheOtherHobbes 10y agoMore like FaaS - Fraud as a Service.
- lrem 10y agoNote: the actual winner of the auction in question spent 80 cents.
- gambiting 10y agoWhich could also be a bot account owned by the site owner. That way they keep all the money and don't even have to buy the device.
- DanielBMarkham 10y agoIn this way, the device doesn't even have to exist. What you're really doing, then, is creating a simulated auction viewing experience which participants can watch or participate in. If a real person actually ends up buying something, you just go out and purchase it on Amazon and ship it to them. Amazing that this isn't considered a scam by the authorities.
- dragonwriter 10y ago> Amazing that this isn't considered a scam by the authorities. Enforcement in this area is largely complaint driven, and the target market for these sites is, I gather, generally not the most aware of their rights and likely to complain. And, the sites may have favorable internal dispute resolution processes that assure that the kind of people that would complain are kept happy, so that complaints to government authorities don't happen.
- wiredfool 10y agoThat's probably the shill account.