Dealdash

I was looking on YouTube about the WebSite DealDash.com and found this.

If you Find Say a 50 Inch Flat Screen for $ 50.00 USA it works like this.

You may make a Bit of $ 20.00 USA then somebody make another Bid.
Then you make another Bid of $ 10.00 USA and nobody makes anymore Bids and the Clock Runs out.

Then you get it for $ 30.00 USA but because they Charge you Per Bid you have to Pay for every Bid you Made.
So if they Charge you 12 Cents Per Bid you Made 2. Bids so you Pay 24 Cents.

Do I have this Right how it all works?

 

Don't forget the $249.00 packaging, insurance & delivery charges.