Pashupati, Madbid use a supplier based in India.

You pay for each bid so you use all your money on bids because they have hundreds of bids per item, it is a complete con. You have to be Mad to bid, stay clear, there are no bargains. It's cheaper at Argos

Never got my money back either, your first auction bid if you do not win, they will refund the amount of the credits you brought, that encouraged me like an idiot i thought that how it was you lost then got your credits back to bid again. Nah con con con, you get nothing they take your money! Stick to EBAY (it does what it says on the tin)

No that's part of the con, & why they can sell stuff at so called knock down prices, if 100 people all bid & use their paid for credits, then the actual price that they get could be £2000 for a £500 item so they dint give a $#*! that it sells for £30 but its good advertising to say we just sold a £500 iPhone for £30, what you bid does give you discount on an item but its not worth a wank, trust me go to Ebay & buy something on buy it now, this site is a con.

Madbid got this crazy idea that you pay X amount of pounds per bid. The bids for items keep on getting higher. You pay the cost of a bid ever time you the one bidding. They then put the money in a kitty that they claim you can use to but or pay for bid items you win. Chances are you never win a bid. Then you stuck buying items on thier store that is priced 2-4 times more than on ebay. And on ebay you get free delivery, on mad bid you pay for delivery out of your pocket no matter what...