Bido.com closing

hawkeye · May 4, 2010

Just saw a tweet on Twitter that BIDO is closing on May 5th. Sorry to hear. Best of luck to Sahar et al.

Shahid7 · May 6, 2010

what happens to the people who bought more then 2 Credit for future voting or auction ? i have around 3 or 4 min my account do i get back a refund ?

it's sad to see it go i bought 3 domains and sold one there

Sameh · May 6, 2010

Shahid7 said:
what happens to the people who bought more then 2 Credit for future voting or auction ? i have around 3 or 4 min my account do i get back a refund ?

it's sad to see it go i bought 3 domains and sold one there

I totally forgot about that. I have 108 Bido Credits.

MicroGuy · May 6, 2010

Goodbye Bido and staff! May your future endeavors be filled with happiness and success!!

kathirvel · May 6, 2010

Thought of trying BIDO this week.
But this become a time to say Good Bye

sdExperts · May 6, 2010

Goodbye Bido !

hollywood · May 6, 2010

sold, please pm payment details

:D

mike031 · May 6, 2010

bye bye..

fm1234 · May 6, 2010

Received payment for a pending sale today. Thanks for tying off the pending deals before you cut out the lights, guys. You can keep the $0.93 in V4P I made.

Frank

Archangel · May 6, 2010

And this is in reference to...?

hollywood said:
sold, please pm payment details

:D

DnEbook · May 6, 2010

hollywood · May 9, 2010

Archangel said:
And this is in reference to...?

Was just trying to lighten the mood, sad to see bido go

DomainOutlaw · May 9, 2010

How much money did they actually loose?

snoop · May 10, 2010

Jaco said:
None of us know what sort of role Latonas retooling their auction model played in the decision to nix BIDO (or, we should say, sell it- I think it's pretty safe to say that as long as their price expectations aren't delusional, it will be back online eventually) If anything, Latonas showed that a simple, totally straightforward auction concept can be done en-masse with domains on a regular basis, as opposed to the bizarre, highly complex 'domain name selling game' that BIDO had become with points and votes and profit shares and "BIDO Prices" and other strange, unnecessary nonsense...

Are they really selling much?

Obviously Latonas dumped their old model for the same reasons why Bido closed- sales were so low that it wasn't worth compiling the daily emails, even with just one person running it. I just visited Latonas.com and couldn't even find the auctions, that sites fails in an epic way. All I saw was talk about upcoming live auctions and ads for watch sales (which would give seller abolutely confidence in the auction house is they are trying to sell visitors watches). It reminds of of the old days where domainers would redirect all their traffic to casino sites, it is that kind of mentality, are things that bad that a domain broker/auction site needs to try and sell domainers watches?

Personally I doubt Latona's new model of daily auctions has any legs to it. I wish I did because if there was an active market I would use it but I really don't see how it is going to work looking at that site.

DnEbook · May 10, 2010

i agree i went to latonas expecting to see a bit more ?

jamaltq · May 10, 2010

I have got profit from my domains in Bido more than any other places, I wonder why ???
Is there now alternative to Bido ? I don't think.

Archangel · May 10, 2010

The last time I got looking at their auctions, most were relatively cheap. I didn't see the closing of all I witnessed but many I saw weren't even the $28 opening bid BIDO used.

evirtual1 said:
i agree i went to latonas expecting to see a bit more ?

mwzd · May 10, 2010

Shahid7 said:
what happens to the people who bought more then 2 Credit for future voting or auction ? i have around 3 or 4 min my account do i get back a refund ?

Don't think there are any refunds.

I have 34 bido credits and 24 guarantee credits.

Sad to see bido close, but not surprising, too many bells and whistles and not enough buyers, think this is true for most domain auction platforms atm.

Sameh · May 11, 2010

Samit said:
Don't think there are any refunds.

I have 34 bido credits and 24 guarantee credits.

Sad to see bido close, but not surprising, too many bells and whistles and not enough buyers, think this is true for most domain auction platforms atm.

Correct, they will not offer refunds!

I have 108 Bido Credits and I asked Jarred for a refund and that was his reply :

Hi Sameh,

At this time, I cannot refund on credits but I think I will get the new buyer of Bido honor them.

Regards,
Jarred

MattheP · May 11, 2010

EG.domains said:
I have 108 Bido Credits and I asked Jarred for a refund and that was his reply :

Quote:
Hi Sameh,

At this time, I cannot refund on credits but I think I will get the new buyer of Bido honor them.

Interesting, looks like bido is sold and new buyer will continue business?

Vito · May 13, 2010

I just got paid today, for the VERY last Bido sale.

(I'm keeping my Bido affiliate banners up on my blog cuz I'm thinking we'll be seeing you again, shortly)

Thanks a lot guys!

Vito.

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