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How is QuiBids allowed to stay in business?
Seriously, isn't it blatantly obvious that they're a scam? I just saw a commercial and lost count of how many lies they told.
In the end, though, isn't this really just a gambling site?
@rick -- Well, they did slip up in the commercial I just saw when the spokesbimbo shouted out "you can't lose!"
Um, yeah, everyone but one person loses.
@Dboy -- "See you pay for your bits and that adds up to the same price as an iPad on top of that you pay the 12 dollars you won"
Right, you pay for your bids. They kinda neglect to mention that in the ads. Plus, as was mentioned already, many of these sites have "shill bids" or arbitrarily extend the deadlines to make people spend more money on bids. In the end, it's basically gambling in the guise of purchasing something.
2 Answers
- falsi fiableLv 78 years agoFavorite Answer
Because it's not illegal to set-up an auction site. Notice where they advertise.
For those who don't understand this legalized "scam," here's what they don't tell you:
1. Bids cost about $1 each...sometimes as low as 60 cents
2. You can only increase the bid by a penny at a time. So even if you want to raise the bid by $10 or $20, you cannot because the bid site operator wouldn’t make any profit. They make a dollar profit from each bid that raises the price by a penny at a time.
3. That $2000 flat screen TV that goes for $30.00 resulted in $3,000 of income for QuiBids. A nice profit.
Unfortunately, there's no way to know for sure what the end price will be. They could also be posting shill (look up the word) bids to keep the bidding alive so the count-down timer doesn't run out before they collect enough bids.
- 8 years ago
It's not a scam it is legit people don't understand there is no way in hell you can get a 12 dollar iPad3.See you pay for your bits and that adds up to the same price as an iPad on top of that you pay the 12 dollars you won it for so it's just a clever way of making people think they can get something for dirt cheap but in reality you are paying whole price
