Last Updated: November 16, 2023
So you’re interested in trying DealDash for bidding on auctions but before trying it for biddings, you want to first know:
- Is DealDash legit?
- How does it work?
- What are the potential issues associated with bidding on DealDash?
- Which tips to follow to increase the chances of winning an auction?
All your concerns and queries about DealDash will be addressed by the end of this article and you’ll be able to make the right decision regarding bidding on Dealdash.
Let’s start with the main question.
Is DealDash Legit?
DealDash is definitely a legit online auction and shopping company as it has been in business for the last 14 years and has headquarters in Minneapolis, Minnesota, United States.
Moreover, recently in 2021, DealDash won the Best Excess Inventory Liquidation Service Award from Global Brand Awards, an annual event held by Global Brands Magazine, an international publication in the UK.
Additionally, it has been accredited by the Better Business Bureau with an A rating based on customers’ experiences and satisfaction with DealDash.
So yes, by looking at these attributes, there’s no doubt that DealDash is a legitimate platform for either buying items directly or winning them through biddings.
But wait!
Although DealDash is legit, there are some important things and issues you must be aware of before deciding to try it for bidding.
But before discussing these crucial things and issues, it’s very important for you to first know how DealDash works:
- Sign up: First of all, you’ve to create an account by giving your personal and payment details.
- Bid Purchasing: Once you sign up, you’ve to purchase bids before taking part in an auction. DealDash usually sells bids in packs called Bid Packs.
- Bidding On Auctions: To join an auction on the item you want, you’ve to place bids from your purchased bids. Once you click on the option ‘Bid Now’, one bid is deducted from your account. Each bid increases the price of the item by $0.01 as long as the auction continues.
- Auction Timer: Auctions have a timer that restarts from 10 seconds every time someone places a bid. If you’re the last bidder and no new bid is placed by a bidder before the clock runs out, you’ll win the auction at the final auction price. But if someone else places a bid after you, the auction clock resets and the auction continues.
- Winner And Loser: If you win the auction, you’ll lose the bids you placed on the auction and have to pay the final auction price of the item as well. But if you lose the auction, you’ll lose your placed bids without getting the item you placed bids on.
- ‘Buy it Now’ Option: DealDash also offers the ‘buy it now’ option if you want to buy an item directly before or after bidding. If you buy an item directly after bidding, you’ll regain your placed bids regardless of whether you win or lose the auction.
- Product Delivery: After you win the auction or buy the item directly, DealDash will deliver it to your provided address.
Now coming to the issues associated with biddings and some important things you should consider before using DealDash:
1. Auto-deduct Bidding Charges
Though there’s no sign-up fee, some customers still report that once they sign up, DealDash charges their accounts and transfers bids to their accounts’ bid balance without their approval and taking part in a bidding.
The majority of the customers face this issue because they just sign up without buying bids to do bidding.
So DealDash auto-charges and adds bids to their accounts to enable them to place bids on auctions.
While this issue rarely occurs, there’s still a possibility that DealDash may charge your card even though you don’t take part in an auction but just sign up.
But don’t be too concerned if you face this issue. Just request for a refund as DealDash refunds these charges if you want to sign out and don’t take part in an auction.
2. No Bid Limit And A Win-Lose Game
DealDash isn’t like other conventional auctions where a specific number of bids and rounds are fixed.
Instead, it has no control throughout auctions and the auction continues for an indefinite period until no new bids are placed by a bidder before the bidding time runs out.
While it’s possible that you can win an auction after placing just a few bids in a short time, it’s also possible to win an auction after spending a lot of bids.
As you can see here, one bidder has placed just 162 bids to win the smartwatch for just $36 while the other has placed 5,511 bids to win the same smartwatch for $1,142.
So if you win an auction by spending just a few bids, though you’ll lose the bids you placed and will also pay for the final price of the item you won, you’ll still get much profit as the auction price is typically much lower than the retail price.
But if the bidding continues for a long time, this will lead to an increase in the price of the item (as with each bid, the item’s price increases) as well as you’ll spend more money in the form of spending more your purchased bids.
In this case, even if you win the auction, there’s a possibility that you may spend more money (by paying for the item’s price and bids) than the actual retail price of the item.
Moreover, this is also not sure that you’ll win the auction even after spending a lot of bids because of the higher competition, experienced and powerful bidders, or any other factors.
So bidding on auctions on DealDash is like a gamble. You may win an auction after placing just a few bids or may lose even after spending a lot of bids.
Now, in case you lose the auction after spending a lot of bids, DealDash gives you an option: purchase the product at a ‘buy it now’ price and get your spent bids back.
But here lies the problem:
3. ‘Buy it Now’ Prices Of DealDash Are Very Expensive
It’s important to know that while DealDash also does sell products to customers directly, it’s a primary focus and the site’s design centered around getting products through biddings.
That’s why the ‘buy it now’ prices of its products are significantly higher than the retail prices of the same products on other platforms.
So if you don’t win an auction and want to buy an item directly to regain your placed bids, buying the item directly may not be suitable for you because of its high retail price.
In this way, DealDash gives you profit on the one hand in the form of giving back your bids if you buy the item directly but take it by the other hand in the form of offering the products at very expensive prices.
Hence to conclude the above discussion, DealDash is a legit platform but bidding on its products is either hit or miss.
If you win the auction after not spending too much on bids, you’ll definitely benefit from using DealDash as getting products through bidding comes at very cheap and affordable rates.
But there’s also a risk that you may spend more on bids than the actual value of the product even though you win the auction.
Moreover, if unfortunately, you don’t win, you’ll lose all the bids you placed, and buying the product directly may not be reasonable for you because of its high price.
Got it!
So these are the main issues you should consider before using DealDash for bidding on auctions.
Now, by looking at these factors, you may be confused about whether to try DealDash or stay away.
So Should You Use DealDash For Bidding?
In the end, it mostly comes down to your personal comfort, preferences, and your willingness to take the risk of spending bids on auctions.
But if you’re interested in using DealDash for bidding on auctions but are hesitant to use it because of the involved risks and issues, I would say that while it’s true that some issues and risks exist, thousands of customers are happy and win auctions on DealDash.
Moreover, customers face issues in using DealDash and fail to win auctions because they ignore some important things and don’t know how to bid properly to win auctions.
Therefore, to increase the chances of winning an auction and avoid getting stuck in a problem, here are the 7 tips you should follow while bidding on DealDash.
7 Tips To Follow While Using DealDash For Biddings
The first one is:
1. Make Yourself Aware Of DealDash Policies
Before using DealDash for bidding on auctions, it’s extremely important to read its policies especially regarding refund and cancellation process and conditions, winning limits, bidding expiration, and all other necessary details about biddings.
2. Search About The Item
Before you bid on an item, it’s essential to first search for that item because it’s very challenging to return your item for a refund or replacement if it doesn’t meet your expectations.
Therefore, you should examine its photos carefully from each angle, read its description, and reviews on it given by customers on DealDash, and look for other important details like colour, size, etc.
3. Keep Enough Bids For Competitive Auctions
Before bidding on high-priced or competitive auctions, you should reserve enough bids because competitive auctions require more bids.
As you can see here, one of the bidders has placed 129, 300 bids to win the auction on a car because auctions on such products are very competitive.
If your bids end during bidding, you’ve to purchase more bids during bidding which takes time that may affect your auction winnings because any bid can be the last bid of the ongoing auction.
Therefore, purchase enough bids in advance so that you’re not running low on bids during bidding on competitive auctions.
4. Bid On Auctions Strategically
This is the most important tip you should follow while bidding on auctions as winning an auction depends upon your bidding skills and techniques.
If you’re a newbie and have no experience, spend some time observing auctions and learn from experienced bidders who employ advanced bidding tricks and strategies before you actively participate in bidding.
Once you develop your own bidding strategy, then start bidding on lower-priced or low-competitive auctions to gain personal experience for more competitive auctions.
This will enable you to know the platform’s dynamics and when and how to bid strategically.
Moreover, also look for the tips and tricks of DealDash while bidding on an auction.
5. Buy the Item Directly If Reasonable
If you win or lose an auction after spending money on bids that exceed or equal the ‘buy it now’ price of the item, I recommend buying the item directly so that you regain your lost bids and also get your desired item.
This will mitigate the loss you’ve done in the form of spending bids you placed on the auction.
6. Claim Your 100% Money Back Guarantee
It’s important to note that you can get the price of your ‘first bid pack’ purchase back regardless of whether you win or lose your first auction.
Therefore, if you’re not satisfied with DealDash’s services for any reason and want to no longer use it after spending your first bid pack on an auction, request for a refund right away to get your money back.
7. Pay With PayPal
While you can make payments to DealDash via credit and debit card as well as via PayPal, I recommend you make payments via PayPal because of its Buyer Protection Program.
In case you don’t know, the buyer protection program is a program of Paypal that provides safety and security to your purchases.
That’s it!
So these are the 7 tips you should follow while bidding on auctions to have a good experience with DealDash
Conclusion
DealDash is definitely legit as it has been in business since 2009 and is credited by the Better Business Bureau with an A rating.
However, there are some important things and issues you should consider before using DealDash:
- DealDash sometimes charges customers’ accounts without their approval to send them bids for auctions.
- Bidding on auctions on DealDash is like a gamble. You can win an auction after spending just a few bids but can also lose an auction even after spending a lot of bids.
- Buying the items directly from DealDash is very expensive.
Moreover, to increase the chances of winning an auction and decrease the chances of getting stuck in a problem, you’ve to follow the 7 tips mentioned above.
So this was all about DealDash from my side. Hope this article will enable you to make the right decision about bidding on auctions on DealDash.
If you still have any questions or want to share your personal experience with DealDash, feel free to drop your comment below.
