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#386729 Mar 12th, 2015 at 08:47 AM
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dodge Offline OP
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Any one familiar with Qui Bids online. Is it really new stuff ?

thanks dodge


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dodge #386730 Mar 12th, 2015 at 10:58 AM
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Mr. James
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I never trust the penny auction type sites; this explains it fairly well...

Quote
Penny auction websites attract people to them by promising expensive, big ticket items at unbelievably low prices – for example, QuiBids shows a new iPad, which retails at $499 for the most basic model, selling for $22.54. But this winning bid of $22.54 is misleading. This isn"t the truth of how much it costs to win that iPad.

The way penny auctions work is that you are only able to bid a single penny at any time during the auction. However, at QuiBids.com, you must purchase each 1 cent bid for 60 cents. So an iPad that retails for $499 but was won for the grand total of 2,254 one cent bids (or $22.54) which actually cost 60 cents each means that the iPad just sold for $1352.40.

Though the person who wins the item usually has paid less than retail for what they have received, citing $22.54 as the winning bid is extremely misleading.


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Gremelin #386732 Mar 12th, 2015 at 11:06 AM
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dodge Offline OP
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Thank you Gremlin

Sounded too good to be true. Like they say, it isn't.

Whats your opinion of ebay?


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dodge #386733 Mar 12th, 2015 at 11:08 AM
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Mr. James
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I use eBay quite a bit actually; only buy from sellers with a good reputation and lots of previous sales.


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Gremelin #386735 Mar 12th, 2015 at 11:43 AM
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dodge Offline OP
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ok.............Some say they make like $1000. a month on there?


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dodge #386738 Mar 12th, 2015 at 01:41 PM
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I too buy from there, but I do pay attention to the sellers feedback numbers. I have never sold on e-bay. My oldest DD has, but she never made that much money in one month, I am sure. I guess if you sold a LOT you could but you would be one busy person.


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dodge #386739 Mar 12th, 2015 at 08:04 PM
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I always wondered how those sites work...thanks for the info.


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Sunflowers #386741 Mar 12th, 2015 at 08:31 PM
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dodge #386746 Mar 12th, 2015 at 11:26 PM
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wow....what a scam.


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dodge #386749 Mar 13th, 2015 at 12:57 AM
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Originally Posted by dodge

Thank you for the link, Dodge.... Very enlightening!

dodge #386770 Mar 15th, 2015 at 09:54 AM
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Goodness.




dodge #386816 Mar 17th, 2015 at 08:27 PM
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Wow, that is unbelievable...thanks for sharing Barb.


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