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Originally Posted by Roccosmommy  I did try Quibids once, but was very disappointed in their "penny" auctions, which I think is false advertising. They don't tell you that for every "penny" bid you place, that bid costs 60 cents (so that "$84" iPad winning price actually collected over $5K in bids!). Also, I could never win, even on the small items. They set a time limit, but if a higher bid is placed within so many seconds of the auction's end, the time resets (to a minute or two I think?).
If you have any tips and tricks you'd care to share, I'd love to hear, since I would not mind giving it another shot if I could possibly win something. BTW, CONGRATS on all of your winning - you really cleaned house!  |
Honey, yes they do. They lay everything out and even give you tips on how to bid so you don't lose your butt. They don't want you to think you were scammed or you won't come back. You are correct in saying that they are making a lot of money. But you need to look at it like the lottery. We are all pooling our money together for one person to win....essentially everyone else's money (or in this case an item). Now, penny auctions are NOT for everyone by any means!!! I just made sure I did my research before I jumped in. You can lose a lot of money if you have compulsive tendencies!