My QuiBids Experience

I became curious of what QuiBids was, especially after seeing numerous laptops and Mac Book Pros go for pennies on the dollar. So I bought 40 credits for $25 and gave it a whirl.

Here are a few things I found interesting:

When the countdown of an auction nears zero, the item either is "sold" to the last bidder or a person bids before the action zeros. However, once a bidder bids before reaching zero, the clock resets to 15 seconds and this continues on a loop until there's no more bids. While the cost of the item keeps climbing, the credits are being spent as well. Every bid is around 63 cents. Every time the clock nears zero, if 4 people want the item, 4 people bid; that's 4x63 cents, equalling $2.52. If the counter keeps getting reset and resets 20 plus times, which I have observed, that's $2.52 x 20 equalling $50.40+, providing there are still 4 bidders trying to win the auction. Even though the advertisement says something like "Xbox 360 sold for $5.15", QuiBids is making one hell of a profit!

In my opinion, QuiBids has the leading edge of auction deception. Stick with Ebay.

Jordan

Resources:

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