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| I totally disagree with you. I have used them and find them brilliant! We have found a fantastic professional designer via them and are very pleased! It gives access to job small young designer would otherwise not have and to the customer, a good choice without having to contact loads of companies.
I definitely recommend them and of course pay fairly as you get what you pay for 
I will send the details of our designer later when I get home  | |
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I don't want to highjack this thread but would just like to post some links for educational purposes. While its great you've had a good experience with crowdsourcing and I commend you for paying fairly what about all the designers that spent hours coming up with ideas for you and didn't get squat? It's basically an organized platform for Spec work. Here is a link explaining why Spec work is bad.
http://www.no-spec.com/
and here is one from another reputable source about crowdsourcing.
http://www.aiga.org/whats-the-harm-in-crowdsourcing/
You can also just google the topic and find tons of blogposts where people go into detail about this.
Aside from the ethics of it I've read tons of articles about logos getting recycled. The sites don't have anyway to guarantee their designer isn't using copyrighted work. Of course you run that risk anyway but its less likely if you develop a relationship with your designer and their not just a faceless stranger behind a screen with a mouse and a copy of photoshop.
If you want the convenience of looking for a good designer in one place then I would go to a site like
http://dribbble.com or
http://cargocollective.com and find a porfolio you like and contact the designer to hire them.
And finally, I'm not trying to argue it's just that this topic is personal to me and frankly it irks me. To each their own but I at least had to post the links in hopes that people would read them and become more educated on the value of design and the designer.
**Steps off soapbox**