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Chris M.

Contributor Level

Total Points
102

1 Review by Chris

  • QuiBids

4/3/11

Quibids is a scam. No doubt about it. Of course I saw how they made money before I signed up. They charge 0.60 per bid (unsuccessful or not). And bids only go up 1 cent at a time. So say a $2,000 computer sells for $200. That is 20,000 bids times 0.60 equals $12,000 earned in bids for the site. So yeah they can afford to sell it for $200. One person gets a deal, the rest lose. I was okay with that. Because it was transparent. May the smartest win. But what was not transparent is that they use bots. They have these bots win prizes for pennies. This makes you think there are great deals out there. But is totally fixed. As long as real people keep bidding, the bots keeping raising. As soon as the real people stop bidding, the "auction" ends, the bot "wins", they collect the cost of all your bids, and laugh all the way to the bank. It is a genius idea. I am reporting them to the State's attorney in Oklahoma where they are registered. They steal money from people. I hope the owners rot in hell. I really do.

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Chris M.'s review of QuiBids earned 2 Very Helpful votes

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