This site called Swoopo.com is an auction-type site with REALLY low prices ... $10 iphones, $40 laptops, etc. What's the catch?

I've had a look at what other people are saying about it and it looks to me like the site is legitimate and if you place the winning bid on an item then you will get it, but it costs $0.60 to place each bid so say you're bidding on something for a couple of days and place 100 bids, but then someone else beats you to it and wins the item, you still have to pay $60 just for bidding :s I wouldn't bother with it to be honest, but here are some other opinions for you to make your own mind up :) answers.yahoo.com/question/index?qid=200... thegoont.com/swoopo-scam-alerts-are-ring... crunchgear.com/2008/09/24/swoopo-enterta....

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