CamTheCanuckFan Posted September 4, 2012 Share Posted September 4, 2012 I've been watching tv a lot lately. And noticed the commercials for QuiBids. It seems to good to be true. Like its to good to be true that you could buy a MacBook for $67. What do you guys think Link to comment Share on other sites More sharing options...
Jägermeister Posted September 4, 2012 Share Posted September 4, 2012 You have to pay for every bid, so in reality even though you might only pay $67 for a MacBook, 50 other people contributed $1000 from the money they had to pay for their bids. At the same time you might bid 10 times for something and not get it, and you would have spent money and gotten nothing. Link to comment Share on other sites More sharing options...
Everybody Hates Raymond Posted September 4, 2012 Share Posted September 4, 2012 If it sounds too good to be true it is Link to comment Share on other sites More sharing options...
CamTheCanuckFan Posted September 4, 2012 Author Share Posted September 4, 2012 You have to pay for every bid, so in reality even though you might only pay $67 for a MacBook, 50 other people contributed $1000 from the money they had to pay for their bids. At the same time you might bid 10 times for something and not get it, and you would have spent money and gotten nothing. Link to comment Share on other sites More sharing options...
Standing_Tall#37 Posted September 4, 2012 Share Posted September 4, 2012 I've been watching tv a lot lately. And noticed the commercials for QuiBids. It seems to good to be true. Like its to good to be true that you could buy a MacBook for $67. What do you guys think Link to comment Share on other sites More sharing options...
Ghostsof1915 Posted September 4, 2012 Share Posted September 4, 2012 There's a sucker born every minute. Link to comment Share on other sites More sharing options...
logic Posted September 4, 2012 Share Posted September 4, 2012 You pay every bid, even if you don't win you still pay. So they do still make money. Link to comment Share on other sites More sharing options...
biznasty Posted September 4, 2012 Share Posted September 4, 2012 Yes. Link to comment Share on other sites More sharing options...
c00kies Posted September 4, 2012 Share Posted September 4, 2012 I thought you pre-bought the bids. You buy $50 worth of bids (each one ups the price by 1 cent). So you use those bids to try and get the prize. Link to comment Share on other sites More sharing options...
Danthecanucksfan Posted September 4, 2012 Share Posted September 4, 2012 each bid is worth 10 cents I believe, so you might think youre getting a good deal, but $150 actually turns out to be $1,500, I remember I read an article on it, really smart company, really easy way to get people hooked, and make them think they are getting a good deal. Link to comment Share on other sites More sharing options...
Danthecanucksfan Posted September 4, 2012 Share Posted September 4, 2012 I thought you pre-bought the bids. You buy $50 worth of bids (each one ups the price by 1 cent). So you use those bids to try and get the prize. Link to comment Share on other sites More sharing options...
ckamo Posted September 4, 2012 Share Posted September 4, 2012 What I heard when it first started was that you have to put money into your account in order to bid, you never win, and you can't cash out. Link to comment Share on other sites More sharing options...
Aladeen Posted September 4, 2012 Share Posted September 4, 2012 Not a scam so much as a rip-off if you don't win the auction. I think they could just have bots or hired bidders to keep bidding up the products too so they get more money. Would be super easy to do LOL There was something just like it that was shut down a few days ago for being a ponzy scheme. Same idea as Quibids but they made it into an MLM - the name was zeekrewards. Link to comment Share on other sites More sharing options...
PlayStation Posted September 4, 2012 Share Posted September 4, 2012 Not a scam so much as a rip-off if you don't win the auction. I think they could just have bots or hired bidders to keep bidding up the products too so they get more money. Would be super easy to do LOL There was something just like it that was shut down a few days ago for being a ponzy scheme. Same idea as Quibids but they made it into an MLM - the name was zeekrewards. Link to comment Share on other sites More sharing options...
î мцšт вяздк чфµ Posted September 4, 2012 Share Posted September 4, 2012 http://scamquibids.com/ The crucial aspect of penny auction sites is that they attract people by promising them really expensive items at unbelievably low prices. At the first time when I saw their offers I was shocked due to low prices and began looking for some tricks they were doing with customers. So when you see for example a brand-new iPad that officially costs $499 and is selling for $24.74 you should know that it’s a real misleading. The truth is that the winning bid is $24.74, but this is not truth that it costs $24.74 for you to purchase the iPad. If you know how the Quibids and the sites like quibids work then you can easily realize how big the amount of $24.74 is there – you are only able to purchase each 1 cent bid for 60 cents. It means that when you see an iPad sold for just $24.74 it actually means that there was made 2,474 1-cent bids on that current item and it was sold for 2,474×0.6=$1484.40 – finally item was sold for $1484 and 40 cents. Link to comment Share on other sites More sharing options...
Danthecanucksfan Posted September 4, 2012 Share Posted September 4, 2012 http://scamquibids.com/ The crucial aspect of penny auction sites is that they attract people by promising them really expensive items at unbelievably low prices. At the first time when I saw their offers I was shocked due to low prices and began looking for some tricks they were doing with customers. So when you see for example a brand-new iPad that officially costs $499 and is selling for $24.74 you should know that it’s a real misleading. The truth is that the winning bid is $24.74, but this is not truth that it costs $24.74 for you to purchase the iPad. If you know how the Quibids and the sites like quibids work then you can easily realize how big the amount of $24.74 is there – you are only able to purchase each 1 cent bid for 60 cents. It means that when you see an iPad sold for just $24.74 it actually means that there was made 2,474 1-cent bids on that current item and it was sold for 2,474×0.6=$1484.40 – finally item was sold for $1484 and 40 cents. Link to comment Share on other sites More sharing options...
TACIC Posted September 4, 2012 Share Posted September 4, 2012 You should go to Marketplace on CBC Link to comment Share on other sites More sharing options...
Pouria Posted September 4, 2012 Share Posted September 4, 2012 Any site that advertises free stuff or has a bidding system that sells high priced items like iPads for a fraction of the price should be considered a scam. The only reward site that now has been converted into a social network which wasn't a scam was lockerz and it still exists. I got a free PS3, camcorder, games and a watch before it became harder to get prizes and free stuff. Link to comment Share on other sites More sharing options...
hudson bay rules Posted September 4, 2012 Share Posted September 4, 2012 signed up and accidentally bought some credits. They refunded them np when I bitched Link to comment Share on other sites More sharing options...
Jai604 Posted September 4, 2012 Share Posted September 4, 2012 It's a scam and a well-run and well-designed scam at that. Stay the hell away. Link to comment Share on other sites More sharing options...
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