beezid Fraudulent, a scam, a ripoff, stay away! Internet

Wondering whether Beezid is a scam or not? This should help clear up any confusion.

Simply take a look at the following videos and the BBB Report below.

http://www.youtube.com/watch?v=PfpUO_S12e0
http://www.youtube.com/watch?v=0C7wU2V1jWs
http://www.youtube.com/watch?v=EpBDdE7_G5o

Here is the report from the BBB Rating of F - http://www.bbb.org/upstate-new-york/business-reviews/internet-auction-service/beezid-in-plattsburgh-ny-235960476/

Beezid is a gambling site, fraudulently advertised as an auction site, penny auction or not. It reminded me of Las Vegas where the social engineers have planned every way possible to get every last dime, nickel, dollar from anyone participating. With an auction, a real one, you are not required to lose money if you are not the highest bidder. This is not the case with Beezid. With this scheme, you are bound to lose money.  

...from what I've read in the research I am doing BEFORE bidding, it is legit.  The experiences you had are completely normal, given the structure of bidding on the site, and watchdog sites have commented on it favorably.  Every penny auction site has an element of a "gamble," but nothing malicious seems to be happening at Beezid.  It is an accepted fact that penny auction sites may throw a time delay in after a bid to eliminate the tendency toward last minute "squatters."  For a better explanation, see here:

http://answers.yahoo.com/question/index?qid=20091202084604AAaJCta

and here:

The latter is a watchdog site, so you can report any "problems" to them, and they should be able to give the issue more exposure.  The site should only be labeled as fradulent if none of their structure is explained in the user agreement that you almost assuredly agreed to before bidding.  If it isn't, then a case can be made.