QuBids What's the catch?

[gotrocks]

'Has anyone had experience with the "QuBids" that advertizes on TV to save 95%?

Just wondering how it works.

"If it's too good to be true....."

Please explain if you know.

Thank you.

 

[tow653]

You buy bids for $.60 each. Every time you bid it costs $.60. If you win you pay the winning bid price plus .60 for every bid you placed,pay that even if you don't win item.

 

[grsthegreat]

another of these lousy nickle auctions. no way anyone ever gets 95% off. \
this is a big scam.

 

[ohbuckhunter]

I have done this 1 time. I bought 60$ in bids up front and I have won 3 items with the 100 bids I bought. A big buddy heater , MacBook , and a mr buddy heater. Big buddy I got for 4 bids plus 1.09$ MacBook I hit for 27 bids plus 28$ n the othe heater I got for less than 10 bids and under 4 $. Shipping on these items is not cheap. But all n all I did save money but had to waste allot of bids on other things I wanted but didn't get

 

[rockinmywaypa]

what if you just bid 40.00 for a laptop instead of .05 over the last bid of 1.25. maybe you'd get the thing cheap and save a load of little bids.

 

[Martian]

what if you just bid 40.00 for a laptop instead of .05 over the last bid of 1.25. maybe you'd get the thing cheap and save a load of little bids.

Can't. You have to go in in the .01 to .05 cent increments.

It's a really good business plan, though. I've never bought something but I've watched the auctions. You figure a laptop goes for $120. There's 12,000 cents in $120 (meaning someone had to bid 12,000 times). 12,000 times $.6 is $7200 PLUS the $120 owed is a solid $7,320, figure they are paying around $1,000 for a nice laptop, $6,320 is not a bad profit!!

 

[grsthegreat]

Can't. You have to go in in the .01 to .05 cent increments.

It's a really good business plan, though. I've never bought something but I've watched the auctions. You figure a laptop goes for $120. There's 12,000 cents in $120 (meaning someone had to bid 12,000 times). 12,000 times $.6 is $7200 PLUS the $120 owed is a solid $7,320, figure they are paying around $1,000 for a nice laptop, $6,320 is not a bad profit!!

yup... thats why its a ripoff........i followed them for a bit, then did the math. the winner may make a good deal, dut all the losers WILL end up losing alot in the long run....kinda reminds me of Vegas.

 

[MasseyWV]

QuiBids should come with free Vasoline. :laughing:

 

[MossRoad]

More like buying pull-tab tickets to win a ham at a picnic than an auction.

 

[Iplayfarmer]

Now you've got me intrigued. I wish there was a way to start with less than $60 in bids, though. If I could put in $20 just to try it I might.