1. You have to pay 60 cents per bid - regardless if that bid wins or not. 60 cents for each bid even if you bid multiple times on a single item.
2. You can only bid a very tiny amount more than the last person - something like 1-5 cents more. No matter how much you bid you must bid only this tiny amount
3. Every bid adds time to the auction, delaying it's ending giving people plenty of time to overbid you.
If you want to buy an item, buy it off eBay. Quibid will have you bidding and spending on each bid and still very unlikely that you'll win. And just in case it isn't clear - even if you win you have to pay the final bid amount.
It's more of a casino than an auction, for every winner of ridiculously low bids there are 10 or more with nothing for their money. There's a $60 sign up deposit required by quibids. You can get something for your lost bid money by putting it toward a buy now deal, where you may be paying near retail price for a closeout discontinued product.
All of those auction sites are rip-offs. They say they'll give you 10 free bids but it obviously takes a lot more than 10 bids to get the item you want. Also, you never know if they have a bot bidding to make you spend more. A lot of people think they're saving money on items by bidding but in reality your bids will end up either equalling or costing more than the item you want. But that's just how I feel. I don't trust em.
Before you decide, learn how "penny-auctions" work:
http://usatoday30.usatoday.com/tech/colu...
http://mywot.com/forum/14024-penny-aucti...
They're not "auctions" at all -- it's more like gambling.
I see comercials and have checked out this pennyauction site, quibids.com. Is it legit. Is it a legit auction or are there any catches? I dont want to register my credit card if it is some kind of scam or if i am going to have to pay fees or something. Whats the deal. i know nothing about pennyauctions like this. Help me out, give me some info. Thanks
