Apple’s iPhones are the stuff of dreams for some people. Many gadget fans find the prospect of getting their hands on the shiniest, slimmest model with the biggest screen and best camera highly exciting and think nothing of forming an orderly queue outside their nearest Apple store when a new launch is announced.

What if you too could flash the latest and greatest iPhone off to friends and family and for only a dollar?

New Zealanders have been reporting a company named ‘Funky Clock‘ to NetSafe for advertising bargain iPhones on various websites and social media platforms and asking us: “is this a scam?

iPhone scams have been popular before and you will often find pages popping up on Facebook with the simple pitch being you just have to like/comment or tag a friend to enter.

In the case of Funky Clock it appears that the devil is in the detail. Hand over your personal information to one of many website operators and you’re not simply entering a competition but potentially subscribing to a gaming service that auto-renews each month.

The small print on one website reads:

If members choose to sign up for a paid trial subscription, the trial period will automatically be renewed upon expiration unless the subscription is cancelled within the trial period.

Another site states:

You pay $1.00 for a 3 day trial period and the possibility to receive a welcome bonus. After the trial period is over, your subscription starts. Here is the monthly subscription price in your currency: $139.00

If you’re keen to get hold of a cheap iPhone, make sure you take five minutes to explore the legal terms and conditions. You could find the small prints suggests that people handing over credit card details and their personal information may be billed up to $139 NZD each month  for a subscription service.

Always be wary about handing over personal information to any form of prize winning offer (arriving by post, email or txt) or you could find you receive many more such offers in future too.