So quibids
- Thread starter muellerc
- Start date
POSITIVE:
If you bid and lose, you can apply the amount you spent on bidding towards buying the item you bid on (at full retail price). So basically one person gets a good deal, everyone else either lose their money or have to shell out more cash and buy the item at the MSRP - which is normally a lot higher than the price you can find somewhere else.
So I would only advice bidding on any of the items if you are planning to buy this item at it's full price. If you lose the bidding and don't apply the money you spent toward buying the item, you lose ALL of it.
NEGATIVE: (Reading this please consider the positive outlined above)
SCAM SCAM SCAM (mathematical screw-you to the buyers). AVOID!
It costs $.60 to place a bid, so you think you are getting something cheap but end up spending $30-$40 on just bids and still end up being outbid. You can only bid in small increments (1 to 5 cents). The site is a scam for the bidders and a cash cow for the operators. For example Amazon Kindle recently sold for $112.10 (retail$259) - sounds good for the winner, but to reach $112.10 in 5 cent increments it would take 2242 bids!! So since each bid costs 60 cents, the bidders wasted $1345.20 for a $259 item!!
Another example - They sometimes auction off bids, yes those same bids you have to buy and spend to try to win this auction. An auction for 50 bids (a $30 value) recently sold for $14.10, at 2 cent increments people WASTED 705 bids for one person to win 50. 705 bids at 60 cents each = $423 for $30 worth of bids
Afterthought:
How do you even know that the people that are outbidding you are real people? The owners of the site can have a bunch of fake accounts that outbid people last second in order to increase the amount of bids on their items.
Don't be tricked, street scammers have used similar techniques years! 12/20/2009
Was this review...?Insightful (261) Witty (26) Spot On! (127)
If you bid and lose, you can apply the amount you spent on bidding towards buying the item you bid on (at full retail price). So basically one person gets a good deal, everyone else either lose their money or have to shell out more cash and buy the item at the MSRP - which is normally a lot higher than the price you can find somewhere else.
So I would only advice bidding on any of the items if you are planning to buy this item at it's full price. If you lose the bidding and don't apply the money you spent toward buying the item, you lose ALL of it.
NEGATIVE: (Reading this please consider the positive outlined above)
SCAM SCAM SCAM (mathematical screw-you to the buyers). AVOID!
It costs $.60 to place a bid, so you think you are getting something cheap but end up spending $30-$40 on just bids and still end up being outbid. You can only bid in small increments (1 to 5 cents). The site is a scam for the bidders and a cash cow for the operators. For example Amazon Kindle recently sold for $112.10 (retail$259) - sounds good for the winner, but to reach $112.10 in 5 cent increments it would take 2242 bids!! So since each bid costs 60 cents, the bidders wasted $1345.20 for a $259 item!!
Another example - They sometimes auction off bids, yes those same bids you have to buy and spend to try to win this auction. An auction for 50 bids (a $30 value) recently sold for $14.10, at 2 cent increments people WASTED 705 bids for one person to win 50. 705 bids at 60 cents each = $423 for $30 worth of bids
Afterthought:
How do you even know that the people that are outbidding you are real people? The owners of the site can have a bunch of fake accounts that outbid people last second in order to increase the amount of bids on their items.
Don't be tricked, street scammers have used similar techniques years! 12/20/2009
Was this review...?Insightful (261) Witty (26) Spot On! (127)