Is Quibids a Scam? Just recently you could have seen a commercial for a penny auction website like Quibids or Beezid marketing flat display TVs and iPhones for some insane low cost like 95 cents. Typically the pitch is provided by a quite girl who tantalizes viewers with potential savings on all kinds of products like iPads, MacBooks, digital cameras, automobiles and more. "Imagine getting a brand-new Apple iPad today for just $23.74!" However how do these sites work and is Quibids a legit or a fraud service? Keep checking out to find out ...
Is Quibids a Scam?
We spent the last week researching customer reviews, both bad and good, then we signed up for one of these penny auctions websites ourselves to find out how they in fact work. The short answer to the question "is quibids a scam" is NO, not exactly. If you actually put in the time to learn and review the fine print about the service, you'll know what you are entering. On the various other hand, in our viewpoint the majority of individuals will probably wind up losing money on penny auction sites, (we did). The "scam" question is a truly hard one to respond to due to the fact that while their commercials depict a world that most likely does not exist, their great print is really pretty clear. I consume a lot of beer and I have never ever been ambushed by a group of lovely bikini covered females from thin air after opening a can. So does that make Bud Light a fraud? The penny auction sites aren't necessarily being unethical, but they are being "selectively honest" on what happens in truth for the average person (based upon our experience and our research). A lot of individuals will never experience what the commercial depicts (aka you will NOT get an iPad/MacBook/iPhone for 95 % off).
How Penny Auction Sites Work:.
The first thing you require to comprehend is that "penny auction" websites may too be called "penny raffle" websites. The auctions increase by one penny quotes at a time, but each "penny proposal" actually costs between 25 cents and $1. In various other words, let's state each proposal on a certain item costs 25 cents. If an iPad is going for 99 cents and you raise the proposal by "one penny" to $1, you've actually simply spent 25 cents. You are paying 25 cents to place a quote. In a more basic auction, it costs absolutely nothing to raise the proposal. If you raise the proposal on a $200,000 vintage Ferrari to $210,000, it does not cost you anything unless you win. Think of an auction where you needed to pay $1000 simply raising the proposal on the vintage Ferrari, and if you get outbid, that $1000 is gone a long time. That's how websites like quibids work. You spend 25 cents for the ability to raise to the auction from 99 cents to $1, someone else raises it to $1.01 and so on for as long as the auction lasts. And if that's not frustrating enough, the majority of penny auction sites extend the auction time every time a new bid is put!
Is Beezid a Scam?
But who cares if you need to bid even 100 times at 25 cents a pop to win an iPad that's worth $700??? In that situation, yes, you would have spent $25 on bids, plus whatever the final auction amount increased to, and the mix would be far less than $700. However in truth, a minimum of in our experience, this does not take place, EVER. To start with, when you register for these websites you are needed to purchase a pack of proposals. For instance, you may have to purchase 100 bids for $60. When we enrolled in one of these sites, we had to buy a $60 pack of quotes. On our first day we invested roughly $40 bidding on a iPhone but eventually dropped out as the auction became more costly. We just had $20 worth of "proposals" left so we tried some less costly products like a $20 present card but quite soon we entirely wiped out our credit. At this point we chose not to re-up.
How can the penny auction websites afford to sell an iPad for $25? Assume each bid costs $1. It will take 2500 one cent proposals to reach the selling rate of $25. So the auction website has made $1 \* 2500 + $25 = $2525 for an iPad that probably costs around $700 out the door. We also came across a number of testimonials that claimed penny auction websites use fabricated bidders to drive up the auction cost on the much better products. There were various other negative testimonials that carried some seriously negative and scary accusations when it pertained to charge card fraud and other dishonest business practices with some penny websites. So purchaser beware!
"Is Quibids a Scam"-- Google Search Results.
One thing that Quibids and all the comparable auctions websites have certainly understood is the art of Search Engine Optimization (SEO). SEO is the skill that websites use to rank highly in google for different search inquiries. Websites like Quibids should have prepared for that great deals of people would see their commercials and then search google for "Quibids scam, quibids legit, quibids review" and so on. to find out the scoop. Quibids has used SEO tactics to make their own legit looking testimonial sites control the first and second outcome pages of google. Not only do these sites give Quibids a radiant testimonial, they also (brilliantly/unethically) provide the site visitor a free of cost discount coupon code for the website at the same time they are praising the service. I cannot state I criticize Quibids, I would do the same specific thing.
In Conclusion.
Just like anything in life, if it seems too great to be real, it probably is. In our viewpoint, Quibids is not a fraud however we also do not believe you will have the experience they depict in their commercials. But if you're still curious, do some research and try one out for yourself. After all, we are still awaiting that gaggle of bikini clad females to appear from thin air when we open a beer!
PS - Immediately after releasing this post, we got a load of exceptional feedback from individuals who had bad experiences with penny auction sites. We likewise realized that in an ironic twist, when most individuals read the write-up, they will very likely be instantly revealed an advertisement for Quibids right in the middle of the page. This is since our ads are powered by Google which does an astonishing task of matching the content of our site with contextual (appropriate) advertisements. Simply wanted to point this out so you do not think we did that on purpose, it's out of our control but pretty funny!
Is Quibids a Scam?
We spent the last week researching customer reviews, both bad and good, then we signed up for one of these penny auctions websites ourselves to find out how they in fact work. The short answer to the question "is quibids a scam" is NO, not exactly. If you actually put in the time to learn and review the fine print about the service, you'll know what you are entering. On the various other hand, in our viewpoint the majority of individuals will probably wind up losing money on penny auction sites, (we did). The "scam" question is a truly hard one to respond to due to the fact that while their commercials depict a world that most likely does not exist, their great print is really pretty clear. I consume a lot of beer and I have never ever been ambushed by a group of lovely bikini covered females from thin air after opening a can. So does that make Bud Light a fraud? The penny auction sites aren't necessarily being unethical, but they are being "selectively honest" on what happens in truth for the average person (based upon our experience and our research). A lot of individuals will never experience what the commercial depicts (aka you will NOT get an iPad/MacBook/iPhone for 95 % off).
How Penny Auction Sites Work:.
The first thing you require to comprehend is that "penny auction" websites may too be called "penny raffle" websites. The auctions increase by one penny quotes at a time, but each "penny proposal" actually costs between 25 cents and $1. In various other words, let's state each proposal on a certain item costs 25 cents. If an iPad is going for 99 cents and you raise the proposal by "one penny" to $1, you've actually simply spent 25 cents. You are paying 25 cents to place a quote. In a more basic auction, it costs absolutely nothing to raise the proposal. If you raise the proposal on a $200,000 vintage Ferrari to $210,000, it does not cost you anything unless you win. Think of an auction where you needed to pay $1000 simply raising the proposal on the vintage Ferrari, and if you get outbid, that $1000 is gone a long time. That's how websites like quibids work. You spend 25 cents for the ability to raise to the auction from 99 cents to $1, someone else raises it to $1.01 and so on for as long as the auction lasts. And if that's not frustrating enough, the majority of penny auction sites extend the auction time every time a new bid is put!
Is Beezid a Scam?
But who cares if you need to bid even 100 times at 25 cents a pop to win an iPad that's worth $700??? In that situation, yes, you would have spent $25 on bids, plus whatever the final auction amount increased to, and the mix would be far less than $700. However in truth, a minimum of in our experience, this does not take place, EVER. To start with, when you register for these websites you are needed to purchase a pack of proposals. For instance, you may have to purchase 100 bids for $60. When we enrolled in one of these sites, we had to buy a $60 pack of quotes. On our first day we invested roughly $40 bidding on a iPhone but eventually dropped out as the auction became more costly. We just had $20 worth of "proposals" left so we tried some less costly products like a $20 present card but quite soon we entirely wiped out our credit. At this point we chose not to re-up.
How can the penny auction websites afford to sell an iPad for $25? Assume each bid costs $1. It will take 2500 one cent proposals to reach the selling rate of $25. So the auction website has made $1 \* 2500 + $25 = $2525 for an iPad that probably costs around $700 out the door. We also came across a number of testimonials that claimed penny auction websites use fabricated bidders to drive up the auction cost on the much better products. There were various other negative testimonials that carried some seriously negative and scary accusations when it pertained to charge card fraud and other dishonest business practices with some penny websites. So purchaser beware!
"Is Quibids a Scam"-- Google Search Results.
One thing that Quibids and all the comparable auctions websites have certainly understood is the art of Search Engine Optimization (SEO). SEO is the skill that websites use to rank highly in google for different search inquiries. Websites like Quibids should have prepared for that great deals of people would see their commercials and then search google for "Quibids scam, quibids legit, quibids review" and so on. to find out the scoop. Quibids has used SEO tactics to make their own legit looking testimonial sites control the first and second outcome pages of google. Not only do these sites give Quibids a radiant testimonial, they also (brilliantly/unethically) provide the site visitor a free of cost discount coupon code for the website at the same time they are praising the service. I cannot state I criticize Quibids, I would do the same specific thing.
In Conclusion.
Just like anything in life, if it seems too great to be real, it probably is. In our viewpoint, Quibids is not a fraud however we also do not believe you will have the experience they depict in their commercials. But if you're still curious, do some research and try one out for yourself. After all, we are still awaiting that gaggle of bikini clad females to appear from thin air when we open a beer!
PS - Immediately after releasing this post, we got a load of exceptional feedback from individuals who had bad experiences with penny auction sites. We likewise realized that in an ironic twist, when most individuals read the write-up, they will very likely be instantly revealed an advertisement for Quibids right in the middle of the page. This is since our ads are powered by Google which does an astonishing task of matching the content of our site with contextual (appropriate) advertisements. Simply wanted to point this out so you do not think we did that on purpose, it's out of our control but pretty funny!
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For a more in depth review visit Quibids ReviewsMore customer reviews and testimonials: Quibids Customer Feedback
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