QuiBids – Just me, or a Big scam?

 

 

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 – Frequently Asked Questions – New to QuiBids?.