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+--- Thread: Help with bidding sites? (/thread-140011.html)
Help with bidding sites? - MO - 04-15-2014 11:38 AM
Ok so I joined qui bids but I want to know what is the minimum bids I can b because it shows as 100 bids but I don't want that many. Also I am on those "bill my parents" debit cards and I don't know if I can use it in the site. If I can't what are other legit sites that won't scam and I can use that card
- falsi fiable - 04-15-2014 11:43 AM
They are all scams. Stay away and stop using your parent's credit/debit card.
While the companies are legitimate, few people win. A tiny percentage of people get stuff for 95% off.
What they don't tell you:
1. Bids cost about $1 each...sometimes as low as 60 cents
2. You can only increase the bid by a penny at a time. So even if you want to raise the bid by $10 or $20, you cannot because the bid site operator wouldn’t make any profit. They make a dollar profit from each bid that raises the price by a penny at a time.
3. That $2000 flat screen TV that goes for $30.00 resulted in $3,000 of income for QuiBids. A nice profit.
Unfortunately, there's no way to know for sure what the end price will be. They could also be posting shill (look up the word) bids to keep the bidding alive so the count-down timer doesn't run out before they collect enough bids.
- Jake - 04-15-2014 11:54 AM
Yea I believe the min Quibids bid is 60 cents, like falsi fiable said only a small number actually get a low cost items, it's really more of a casino than an auction. There are some biding strategy guides on the web, don't know how much they help, one way to reclaim your investment is to put your lost bides toward a 'buy now' purchase, which costs more like retail, I ave seen complaints about getting older models. You did notice that your card was charged a $60 deposit when you signed up?