May someone explain the website QuiBids to me.?
Comes out saying that a laptop cost 20 cents but when I get in the offer, it cost $500. Can some one explain everything.8 months ago - 3 answers
You have to pay $0.60 for the privilege of placing a bid, whether you win the auction or not.
Each bid is only one penny higher than the previous bid.
So, for an item that retails for, say, $100, if the winning bid is $30, that means 3,000 bids were placed, and so QuiBids gets $210 (60¢ x 3,000 bids + $30 purchase)
There's also a big incentive for the company to make a fraud using shills (employees paid to run up the auction).
For sixty cents, u are paying for one bid on the site. So if u win an item that sold for 1 dollar and u bid 3 times, u pay $2.80 ($1 for item + 3 (.60/bid))by Guessing - 8 months ago
I'm bothered by their being able to advertise the price that maybe 1 out of 10 bidders get something for, the other 9 getting nothing for the money they put it, it's really more of a casino than an auction, I don't know all the tricks to the game, there is a $60 sign up deposit, bids are $0.60 each.by Jake - 8 months ago