SPEEDYBUYS SPEEDYBUYS hidden "Terms and Conditions" "No Refund Policies" Internet

If you do a reverse lookup on the street address it points to a mail drop. Nothing says 'legitimate company' like a good old-fashioned mail drop.

Everyone who has been taken by this company Speedybuys.com . Please file a complaint with the california Attorney Generals office at this address: 

http://www.ic3.gov/default.aspx

The information about Speedybuys.com is below:

Refund person information-  Jeffery Beltran

Lead support Manager

888-830-5822

Company address: Speedybuys

1507 7th street Suite 346

Santa Monica Cal. 90401

Also you can file with the Better Business Bureau of California

I hope that everyone does this so that the Attorney General will get a good idea what is going on.

Almost forgot. Always check if the website has a 'private' domain registration. This is used to cloak the identity of the domain owner. Legitimate businesses don't resort to this.

Just go to the (((Redacted))) site and use the whois utility to check domain ownership.

Personally, I always verify if the website lists a real physical address for the company. Always be wary when a real address is not provided. Legitimate businesses don't hide where they're located.

Secondly, in the case of auction sites, you need to see if the items being offered are real brand-name products which you can verify the value of. Some auction sites just unload pallets of low cost Chinese bric-brac. Jewelry is always a favorite since you can't tell what the size/quality of an item is.  

The 'bidbuy' type of sites are always a concern. They make their profit by generating the maximum number of bids on each item rather than the sale of each item. What happens if an insider places a winning bid? Who would really know? The profit has already been collected (remember, you paid a big lump for your bids in advance). They could theoretically recycle the same prize many times. Who would know????

The 'guaranteed winner' policy is interesting. Unfortunately, they won't guarantee the value of the prize you can win. I'm sure you can win a very-low-value item with minimal effort. You just spent $149 for it.

Keep in mind that for every $1 of bid value the company gets $50 in bid profits from bidders. A $20 bid on a iPad means that the company has already collected $1000 in bids. That's why these sites are so attractive to the owners.

You should have no trouble getting the charge reversed. If you look at the signup page the phrase 'By signing up for the site' is shown at the bottom. This is a rather nebulous legal term that will be unenforcable in court. How do you sign up for a 'site' ??? You can't !!!!

Here is an update on my dealings with SPEEDYBUYS. I sent the original e-mail on 8/20/10 requesting my money back. After that I went to several sites and made complaints about SPEEDYBUYS. Received 2 emails since then, one stating they have no refund policy, and the second one offering me money back along with the threat that they win almost 100% of the disputes. I replied back asking why they have so many disputes if everything is all out in the open.

Here is the email response copy and pasted directly from my email:

"Dear Tim,