QuiBids – Just me, or a Big scam?
June 20, 2011 by Christian
Is it just me, or does anyone else think this site is a Huge scam? The way I rate websites being a scam is when I’m at my parents house and they think they have found a great deal. If you havent heard of them yet, it’s a penny auction site that lets you bid on items a penny each time. Except for every penny you bid, really cost you 60 cents and after every bid, the auction time goes back up. So for every object sold, like a Samsung 55 HDTV maybe worth $2500 sold for 87.50 to the bidder that won. Now, calculate that out, $87.50 is eight thousand seven hundred fifty bids at 60 cents a bid. That’s $5250 they have made for the price of a $2500 3D HDTV. Plus the $87.50 that the winner has to pay on top of that, and lets face, they probably got that TV for way under list price, like maybe $1200. Now it’s officially legit to do all this, but the way they advertise the site is buy stuff here for 90% off. Thats after you have wasted a LOT of other money on auctions you didnt win.
My Advice, Stay away, stay FAR AWAY!!!
Quibids isn’t a scam, but new users need to understand how pay-per-bid auctions work before jumping in with both feet. Quibids is no exception.
Some users have done well there as a result of some research, planning and strategy.
Josh
You are the scam. You did not send me two gift-certificates and refuse to deal with me saying that 60 days period is over.
Quibids is not a scam as a business, but it’s a scam when it comes to advertising. They should point out that you can lose also. and if you think bout it 99% of people lose and make quibids.com have a fat bank account. stay away!
who would actually be stupid enough to use that site? i mean seriously? spending 0.60 cents for the privilege to bid one cent? I can’t imagine what human being with the most basic conceptual understanding of math would use this site?