[Tim Budong]

Anyone tried?

I went diggin around and it seems like its a legit idea
Overheard someone saying they scored a $200 bestbuy giftcard for like bux

Went to dig around and each bid costs 1c to make or something

[silva95teg]

I have not used it but i have heard as long as people are bidding when the timer approaches zero it goes back up in time. I am sure some people do score on there but you can be pretty sure the company themselves are getting more than what the products are worth because of the amount of bids.

[Tim Budong]

at 60c a bid
probably. im tempted to try..

[CRS]

Scam.

Don't even.

[Jgresch]

Stay away, huge scam.
Just google it and find out all the ways its shady.

[Slifer]

I heard they take all the losing bids. Lets say you bid $8 and didn't end up winning, your $8 will be gone. Not sure if its the same for this site.

[Ulic Qel-Droma]

biggest scam ever.

[Sandman]

You'll have better luck taking your money to the casino and trying to earn enough money to buy whatever it is you want.

[racerman88]

you pay if you win or lose the bid.

[[jsx] sky]

"I got an Ipad 3 for just 18 cents!"
Start biding todayyy...........

[invader]

Scam, lots of material on web searches saying its a waste of yime

[CRS]

sky;7861498']"I got an Ipad 3 for just 18 cents!"
Start biding todayyy...........

Look on the bottom left...

"Is not an actual user but a paid actor."

[BossFrancis]

These sites actually give you the items for the price. But they make more money cuz a shitload of people place bids. You'll be sitting there for hours until someone actually wins. Mostly people spend about 200 bids before they win.

[HonestTea]

I wonder how much the website owners are making off of this.. lol

[RHMadness]

Its not a scam.. just really hard to win because you are bidding against other live people that are thinking the same way as you.. I use Beezid.com.. I won a 200$ camera for like 8 bucks including shipping.. I have lost quite a bit of money on this too.. Each bid is 60 cents and you buy bid packs. For example 500 bids for like 300$.. you then bid on items and each bid placed will increase the price of the item by 1 cent. As the timer gets closer to 0, each bid placed will reset the timer back up to 8 seconds (10 seconds, or 15 seconds). You have to be the bidder on top when the timer hits SOLD, essentially people have to not bid on top of you.
The companies MAKE A CRAZY amount of cash.
Lets say you are bidding on a 1000$ TV, and the price gets to 50$ by people constantly bidding and increasing the price by 1 cent. SO we are looking at 60 cents a bid everytime someone bids. 50 dollars is 5000 bids placed. 5000*.60 = 3000$..
So people are thinking wow i got this TV for 50$ BUT IN REALITY the company made insane profit on only 1 item.
So thats my experience. They are not a scam and honor their commitments, even if you are lucky enough to get an item at 1 cent with 1 bid they will still send it to you for that price.
Thanks,

[InvisibleSoul]

It is both a scam and a lottery.

The system is extremely shady, and there is no accountability.

Is there a way to know you're only dealing with other human bidders, or does the system automatically put in fake bids if they want the auction to keep going?

Yes, if you're lucky, you can end up paying very little to get an item, but on the other hand, most times you'll spend money placing bids and end up with nothing.

The only winner here in the long run is the site.

[Soundy]

The only winner here in the long run is the site.

:werd:

[spideyv2]

Definitely legit guys, better get on this.

QuiBids, Welcome to QuiBids Online Auctions! - QuiBids.com (http://www.quibids.com/auctions/649014072-Lenovo-ThinkPad-Edge-156-Notebook-i5)

[iam_dan]

saw the tv ads, looks shady as hell.

[KuSouL]

think of it this way ... YOU PERSONALLY yes you could save a lot of money
at $0.60 per bid + whatever price you pay winning the auction

eg) you win a PS3 at $60 or something ... but it is a penny auction ... so think about how much Quibids is making selling the PS3 at $60, that is 6000 bids at $0.60 each

you get a PS3 for $60 + shipping and handling, but quibids just sold the PS3 for over $3600

you be the judge whether it's a scam or not ~ if you choose to participate ... GL

[s3an]

it's basically gambling with horrible odds.

[BossFrancis]

Someone above said 60cents per bid.
I looked at the items that have been won and there were 466 Real bids for an iPad 2 16GB.
466 X $0.60 = $279.6 unless I calculated wrong.

[KuSouL]

^oh? I was just guesstimating a PS3 might sell for $60
I guess if that's what you saw ... then the iPad2 sold for $4.66? Unlikely?

*edit*
anyways ... i only skimmed through what they're all about cause it seemed kinda obvious to me it's a money making SCHEME ~ scheme / scam / whatever you wanna call it ... just saying OP should watch out cause it's definitely shady

[Tim Budong]

Someone above said 60cents per bid.
I looked at the items that have been won and there were 466 Real bids for an iPad 2 16GB.
466 X $0.60 = $279.6 unless I calculated wrong.

basically say an ipad sells for 8bux

u compete with others for this. so say u've put in 4 bits at 60c a piece
u technically won the ipad for $20 + $2.40 + S&H so guess maybe $30 net. i dont know.

each bid u make puts the price up by 1c

Quibids just sold 2000 bids at 60c each. $2000x0.60= $1200

so it looks like this is just another form of gambling
gonna read more into this later and try my luck at a giftcard, if it costs me 5bux whatever. if i win. then great

[Manic!]

It's a scam. posted about this along time ago.

[BossFrancis]

Above ^
Dunno how this works really, it sold for $61.31 CAD
QuiBids, Welcome to QuiBids Online Auctions! - QuiBids.com (http://www.quibids.com/auctions/107928482-Apple-iPad-2-16GB-WiFi)

[Nvasion]

hows it a scam? ive used it before. but never bought anything from it in the end

[Gh0stRider]

i heard those penny auction sites used bots to up the bid so you have to keep bid and wasting your money.

[Presto]

hows it a scam? ive used it before. but never bought anything from it in the end

It's been observed that there's shady shit going on with Quibids. Some people have reported winning and auction, only to have Quibids come back and tell them the item is Out of Stock, and then they'll only refund the purchase, and keep all the bid money to themselves. If the items are received, they carry no warranty, and may be broken, or break after a short time. Also, they've been accused of using bots to bid and keep auctions alive. I'd be more confident buying from speakers from a white van, because I'm guaranteed to get something for my money, even it is mediocre.

[BossFrancis]

i heard those penny auction sites used bots to up the bid so you have to keep bid and wasting your money.
:lawl: Smart. I heard someone hacked their system and got stuff for $0.01. Yay stupid companies!

[DanHibiki]

they sell a 400 dollar item for 20 bucks. 200 people "bid" on it spending 60 dollars worth of bids each.

1 lucky person will win the item but quibids keeps all the money spent on the "bids" by the 200 people.

So they got $1200 worth of bids - $400 dollar item = $800 profit to them.

Essentially the customers are just gambling and nothing more. However they use a lot of unethical tactics to mislead the customers making them even less legit than they already look.

[BlackZRoadster]

I started with the beginners package at $60 i think. I spent about $100 in total including shipping for the following items.

$100 Keg card
4x$10 Future shop card
2x$10 Sears card
4x$10 Cineplex card
1x$10 Starbucks card

So in all i got about 200 worth of shit and i payed 100.

Some of the items you win give you a package of free bids, or they give you a mini game token. I've won like 40 bids off the mini games.

Conclusion: i quit after trying it a couple of days, its really really hard to win anything now. even the $10 gift cards get bid up to 0.50 sometimes which means you pay a couple dollars for bidding, the S&H, and you might end up saving $3 at the end of the day.

[parm104]

I'd rather take my money to the casino...

[RiceIntegraRS]

It's been observed that there's shady shit going on with Quibids. Some people have reported winning and auction, only to have Quibids come back and tell them the item is Out of Stock, and then they'll only refund the purchase, and keep all the bid money to themselves. If the items are received, they carry no warranty, and may be broken, or break after a short time. Also, they've been accused of using bots to bid and keep auctions alive. I'd be more confident buying from speakers from a white van, because I'm guaranteed to get something for my money, even it is mediocre.

I actually had this happen where the item i won was out of stock. The item i won was $100 earrings which i won for 4cents. So instead they offered me a $100 gift card to Winners/CND tire/Wal mart ect, which i happily took. My roommate also won a bunch of stuff off that site. We basically never ever attemped to win the big ticket items cause we just knew it was like playing the lottery tryin to win it.

[BossFrancis]

I'd rather take my money to the casino...
Now that's a scam.

[Gridlock]

It's been observed that there's shady shit going on with Quibids. Some people have reported winning and auction, only to have Quibids come back and tell them the item is Out of Stock, and then they'll only refund the purchase, and keep all the bid money to themselves. If the items are received, they carry no warranty, and may be broken, or break after a short time. Also, they've been accused of using bots to bid and keep auctions alive. I'd be more confident buying from speakers from a white van, because I'm guaranteed to get something for my money, even it is mediocre.

You see, now that just pisses me off.

You have a creative way to get morons to part with their money. Great! Stupid people are there for your abuse.

But don't go and be a sleaze! You need to be able to stand there in front of anyone that asks and say, honestly, that yes, its a big scam. People pay gobs of money and get no product, BUT, we do it honestly. Be able to say, "The auctions are real, and we ship product." Don't be greedy. That's what gets you shut down.

[HonestTea]

Probably a noob question, so say you used 5 bids and won the auction for a PS3 for $20. So my bids get deducted AND I have to pay the final price($20 in this case) for the item + Shipping or would I just need to pay for shipping?

[MindBomber]

Now that's a scam.

No, casinos are not scams. The odds are strongly in favor of the house, but that doesn't make it a scam.

[Excelsis]

just imagine how long you have to sit at your computer and keep clicking bid higher by 1 cent until eventually the other people decide to quit..

[freakshow]

Probably a noob question, so say you used 5 bids and won the auction for a PS3 for $20. So my bids get deducted AND I have to pay the final price($20 in this case) for the item + Shipping or would I just need to pay for shipping?

You would pay the final price + shipping. But when calculating your actual savings you would add the final price + shipping + (# bids used * bid price)

[anti_rice]

when something's too good to be true then it probably is.