Is Quibids a Scam? Recently you might have seen a commercial for a penny auction website like Quibids or Beezid advertising flat screen TVs and iPhones for some crazy low price like 95 cents. Usually the pitch is provided by a quite lady who tantalizes viewers with possible savings on all kinds of items like iPads, MacBooks, digital cameras, vehicles and even more. "Imagine getting a new Apple iPad today for just $23.74!" However how do these sites work and is Quibids a legit or a scam service? Keep reading to discover out ...
Is Quibids a Scam?
We spent the last week investigating consumer reviews, both bad and good, then we signed up for one of these penny auctions websites ourselves to discover out how they really work. The short answer to the concern "is quibids a scam" is NO, not exactly. If you really make the effort to review the small print and learn about the service, you'll understand what you are entering. On the other hand, in our viewpoint many people will probably wind up losing cash on penny auction websites, (we did). The "fraud" question is an actually hard one to answer due to the fact that while their commercials depict a world that probably does not exist, their great print is in fact pretty clear. I drink a bunch of beer and I have actually never ever been ambushed by a group of stunning bikini clad ladies from thin air after opening a can. So does that make Bud Light a scam? The penny auction sites aren't always being deceitful, but they are being "selectively honest" on what occurs in truth for the average person (based on our experience and our research). Most people will never experience exactly 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 need to comprehend is that "penny auction" websites might as well be called "penny raffle" sites. The auctions increase by one penny proposals at a time, but each "penny bid" really costs between 25 cents and $1. In various other words, let's state each quote on a certain product expenses 25 cents. If an iPad is going for 99 cents and you raise the proposal by "one penny" to $1, you've actually simply invested 25 cents. You are paying 25 cents to place a bid. In a more conventional auction, it costs nothing to raise the bid. If you raise the quote on a $200,000 vintage Ferrari to $210,000, it does not cost you anything unless you gain. Think of an auction where you needed to pay $1000 simply raising the quote on the vintage Ferrari, and if you get outbid, that $1000 is gone for life. That's how websites like quibids work. You invest 25 cents for the capacity 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 irritating enough, most penny auction websites extend the auction time whenever a brand-new quote is placed!
Is Beezid a Scam?
However who cares if you need to bid even 100 times at 25 cents a pop to gain an iPad that's worth $700??? In that circumstance, yes, you would have invested $25 on proposals, plus whatever the final auction quantity rose to, and the combination would be far less than $700. But in reality, a minimum of in our experience, this does not take place, EVER. First of all, when you register for these websites you are needed to buy a pack of quotes. For instance, you might have to buy 100 bids for $60. When we signed up for among these sites, we had to buy a $60 pack of quotes. On our first day we invested approximately $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 expensive items like a $20 present card however quite quickly we totally wiped out our credit. At this point we chose not to re-up.
How can the penny auction websites manage to sell an iPad for $25? Assume each proposal costs $1. It will take 2500 one cent quotes to reach the selling cost of $25. So the auction site has actually made $1 \* 2500 + $25 = $2525 for an iPad that most likely costs around $700 out the door. We also came across several testimonials that claimed penny auction sites make use of synthetic bidders to drive up the auction rate on the much better items. There were other negative reviews that held some frightening and seriously negative accusations when it involved charge card scams and various other underhanded business practices with some penny sites. So buyer 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 extremely in google for certain search inquiries. Sites like Quibids have to have prepared for that bunches of individuals would see their commercials then search google for "Quibids scam, quibids legit, quibids testimonial" etc. to find out the scoop. Quibids has utilized SEO tactics to make their own legit looking review sites control the first and second result pages of google. Not only do these websites provide Quibids a radiant review, they likewise (brilliantly/unethically) offer the visitor a free of cost discount coupon code for the website at the exact same time they are praising the service. I cannot state I condemn Quibids, I would do the exact same precise thing.
In Conclusion.
Similar to most anything in life, if it appears too excellent to be true, it probably is. In our viewpoint, Quibids is not a fraud however we likewise do not think you will have the experience they depict in their TV ads. But if you're still curious, attempt and do some research one out for yourself. After all, we are still awaiting that gaggle of bikini covered females to appear from thin air when we open a beer!
PS - Immediately after releasing this article, we got a lot of amazing feedback from individuals who had bad experiences with penny auction sites. We also recognized that in an odd twist, when a lot of people check out the post, they will very likely be immediately shown an ad for Quibids right in the middle of the page. This is because our advertisements are powered by Google which does an incredible task of matching the material of our website with contextual (appropriate) ads. Just wanted to point this out so you don't think we did that on purpose, it's out of our power but pretty funny!
Is Quibids a Scam?
We spent the last week investigating consumer reviews, both bad and good, then we signed up for one of these penny auctions websites ourselves to discover out how they really work. The short answer to the concern "is quibids a scam" is NO, not exactly. If you really make the effort to review the small print and learn about the service, you'll understand what you are entering. On the other hand, in our viewpoint many people will probably wind up losing cash on penny auction websites, (we did). The "fraud" question is an actually hard one to answer due to the fact that while their commercials depict a world that probably does not exist, their great print is in fact pretty clear. I drink a bunch of beer and I have actually never ever been ambushed by a group of stunning bikini clad ladies from thin air after opening a can. So does that make Bud Light a scam? The penny auction sites aren't always being deceitful, but they are being "selectively honest" on what occurs in truth for the average person (based on our experience and our research). Most people will never experience exactly 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 need to comprehend is that "penny auction" websites might as well be called "penny raffle" sites. The auctions increase by one penny proposals at a time, but each "penny bid" really costs between 25 cents and $1. In various other words, let's state each quote on a certain product expenses 25 cents. If an iPad is going for 99 cents and you raise the proposal by "one penny" to $1, you've actually simply invested 25 cents. You are paying 25 cents to place a bid. In a more conventional auction, it costs nothing to raise the bid. If you raise the quote on a $200,000 vintage Ferrari to $210,000, it does not cost you anything unless you gain. Think of an auction where you needed to pay $1000 simply raising the quote on the vintage Ferrari, and if you get outbid, that $1000 is gone for life. That's how websites like quibids work. You invest 25 cents for the capacity 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 irritating enough, most penny auction websites extend the auction time whenever a brand-new quote is placed!
Is Beezid a Scam?
However who cares if you need to bid even 100 times at 25 cents a pop to gain an iPad that's worth $700??? In that circumstance, yes, you would have invested $25 on proposals, plus whatever the final auction quantity rose to, and the combination would be far less than $700. But in reality, a minimum of in our experience, this does not take place, EVER. First of all, when you register for these websites you are needed to buy a pack of quotes. For instance, you might have to buy 100 bids for $60. When we signed up for among these sites, we had to buy a $60 pack of quotes. On our first day we invested approximately $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 expensive items like a $20 present card however quite quickly we totally wiped out our credit. At this point we chose not to re-up.
How can the penny auction websites manage to sell an iPad for $25? Assume each proposal costs $1. It will take 2500 one cent quotes to reach the selling cost of $25. So the auction site has actually made $1 \* 2500 + $25 = $2525 for an iPad that most likely costs around $700 out the door. We also came across several testimonials that claimed penny auction sites make use of synthetic bidders to drive up the auction rate on the much better items. There were other negative reviews that held some frightening and seriously negative accusations when it involved charge card scams and various other underhanded business practices with some penny sites. So buyer 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 extremely in google for certain search inquiries. Sites like Quibids have to have prepared for that bunches of individuals would see their commercials then search google for "Quibids scam, quibids legit, quibids testimonial" etc. to find out the scoop. Quibids has utilized SEO tactics to make their own legit looking review sites control the first and second result pages of google. Not only do these websites provide Quibids a radiant review, they likewise (brilliantly/unethically) offer the visitor a free of cost discount coupon code for the website at the exact same time they are praising the service. I cannot state I condemn Quibids, I would do the exact same precise thing.
In Conclusion.
Similar to most anything in life, if it appears too excellent to be true, it probably is. In our viewpoint, Quibids is not a fraud however we likewise do not think you will have the experience they depict in their TV ads. But if you're still curious, attempt and do some research one out for yourself. After all, we are still awaiting that gaggle of bikini covered females to appear from thin air when we open a beer!
PS - Immediately after releasing this article, we got a lot of amazing feedback from individuals who had bad experiences with penny auction sites. We also recognized that in an odd twist, when a lot of people check out the post, they will very likely be immediately shown an ad for Quibids right in the middle of the page. This is because our advertisements are powered by Google which does an incredible task of matching the material of our website with contextual (appropriate) ads. Just wanted to point this out so you don't think we did that on purpose, it's out of our power but pretty funny!
About the Author:
For a more in depth review visit Quibids ReviewsMore customer reviews and testimonials: Quibids Customer Feedback
No comments:
Post a Comment