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Skoreit Complaints & Reviews - scam

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Skoreit

Posted: 2010-11-29 by

coope8344

scam

Complaint Rating:

Company information:
Skoreit
United States
skoreit.com

This is such a crock... I heard about this on Mike and Mike. You think the actual bid is for $1.00 or a few bucks, and they make you think that when you place a bid it is only 1 cent, but in my situation I purchased 60 bids for $38, which means everytime I placed a bid I threw .63 cents out there and they make it seem like it is 1 penny. It is absulute highway robbery... I couldn 't even win a $25 gift card when I purchased $38 worth of bids. WATCH OUT FOR SKORE IT! This company will go out of business before too long!

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United States

Online Scams

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8th of Feb, 2011 by

Get RealX

0 Votes

I did the same thing a ffew days ago. I Spent $38.oo dollars for what ended up being "60 auction cents". I played it and thought it looked fairly simple and quickly lost all $38.00. Then, I sat there pissed off and really studied it and watch people (you can tell) and the "bots" competing. The bots won them all. ONly after being a sucker did I realize how much of a BS scam this is. I hope that someone smarter than me takes the time to check on a search engine first. Advice: Do the math on the sold for $1.38 but count what that means in 63cents per bid and you'll reach the same conclusion. Conclusion: save your money and time.

16th of May, 2012 by

Hannah3

0 Votes

Speaking from personal experience, Skoreit is DEFINITELY a scam. Do not waste your money or time on this website. I can tell you first-off that many of the items they auction on their website is either worthless or close to it. I won an auction for a portable burner they listed for a retail price of $80 only to find it worth around $20 on Amazon.com. I spent over 50 bids to win it, then they tell me it will cost at MINIMUM 17.95 to ship (UPS Ground 5-7 days). If you want to receive it faster, then it will cost even more to ship. I am certain they jack up the shipping costs to make more money off such items. 95% of the items on their site are like this, i.e. $10-$25 gift cards, small miscellaneous items, toys, odds and ends items that are worth WAY LESS than they advertise. In the end, after all the time, bids, and shipping costs, you end up spending probably twice what you would have paid normally for the item. You may ask how they make money? 1. Auctioning cheap items 2. Steep discounts on already worthless items 3.They make money off every bid, so the more competition the more money they make 3. There is ONLY 1 Item up for sale, so for every auction they only lose a single item 4. If you opt to buy an item if you lose the auction, they still make money because they take the difference from the "retail price" (remember completely bogus) and the # bids you spent 5. Do the math:1 bid costs ~ 30-50 cents, every bid you place INCREASES the price of the auction item by 1 or 3 cents.

None of this really makes Skoreit necessarily a scam as it is an example of saavy/shady business strategies. What DOES make skoreit a scam is the fact that bidding on their site is completely unregulated and (can be) anonymous. It is not difficult to see how crooked this can be, as the company can place fake accounts to bid against real customers to jack up prices. Not only do they increase the price of the auction item, it causes you to spend more bids, and potentially even lose the auction. It costs them nothing to place bids while you have everything to lose. If you lose the auction, they have made money off of you, and kept the item as well, which can go into recirculation at a later time. If you opt to buy, they still make money because of the false retail prices. Long story short, I doubt they have really sold very many items at all. They win a majority of the auctions "in house" using their fake accounts, and let a few items go out every once in a while. They make money without having to sell anything at all! Despite what some may believe, Skoreit has COMPLETE control over what items are sold and at what price. DO NOT BE FOOLED!

Just for example, I bid on an Invicta watch which was listed at a retail price of $595.00. Of course, on Amazon it was more like $80-90, but I just wanted to spend the rest of my bids that I bought. After 250 bids, I realized the person bidding against me was anonymous, had not won any auctions, and just joined as a member the day before. The account seemed completely shady, and although I cannot confirm, that is precisely what bothers me about Skoreit. Of course there are very rare instances where one can get lucky and win a very expensive item (i.e. Ipad, Sony 1080p TV) by using minimal bids, but that is very, very rare. Know that Skoreit does not just let the auctions "go"; they keep a close eye on each auction and control the prices at which items are sold, if sold at all. Be careful if you want to be a customer, 99.9% of the time you will get scammed!