This is a forum about quibids I was gonna bid but I was wondering if it is a "legit" site to auction on and if u bid do u have to pay money for every time u post a bid? The thread will be closed as soon as I get a answer I understand ^_^
1: Whats a quibid? 2: Why would you have to pay for posting something about that, if you win, you'll have to pay for?
I don't really like them... It just doesn't seem right, having to pay for the bids even if you don't win. It always results in them making money and you losing money.
Yeah its not a very good site. You start with something like 10 bids then after that you have to pay for your bids. It seems pointless to me and a way of you just losing money.
This kind of auctioning is not allowd on EMC, I saw in the past some tries of this getting closed by the staff. You can read the auction rules here: http://empireminecraft.com/threads/welcome-to-emc-auctions-rules-read-this-first.9650/
Each bid costs just $0.60. Bids are available in Bid Packs of 45, 75, 300, 600 and 800 bids. These bids are pre-paid and placed in your Bids Account. Each time you place a bid, your Bids Account is deducted one bid. Once a bid is placed the auction price will go up in increments of 1,2,5,10,15, or 20 cents. . A maximum of 20 seconds is added to the timer every time someone bids. This gives enough time for someone else to make the decision to bid if they're interested. This is similar to the “Going once...Going twice...SOLD!” approach of traditional auctions. If you are the top bidder when the timer reaches zero, you win! You will then pay the ending auction price as well as the cost of shipping. If you do not win, you lose your bids that have been placed; however, we offer a Buy it Now feature on all auctions. When you use our “Buy it Now” feature, we subtract the cash value of the bids you’ve placed (excluding voucher bids) from the value price of the item, and you only have to pay the difference. Let's say you spend 30 bids trying to win a $30 valued product, but you don't win. Your 30 bids are worth $18 (30 x $0.60), so if you choose to use the "Buy It Now', you will pay $12 plus shipping for the product. *Please note that this offer applies to real bids only, and that voucher bids to do not apply to the Buy It Now option. This feature limits the risk in participating in our auctions as they offer the Buy It Now feature for the majority of our auctions. Before you start bidding you should do research on a site like http://www.bidcentz.com
