How QuiBids Works?
When I first learned about QuiBids and viewed their homepage, it was something to behold. However, this kind of activity can either make you happy or make you broke and frustrated. One has to be very mindful of the temptations it brings, and the easy addiction websites like this can have on one’s will-power. You have to know when to bid and know when to stop bidding. It’s similar to the day-traders who watch the stocks go up and down hoping that they have made the right decision to cash out before going into a deficient situation by the time the market closes for the day. Some lose, some win. The winners are happy. The losers, well, they vow to try again the next day and lose again. The lottery, no matter what kind you play, most people will go back again and again and lose again and again. Bottom line here is, be careful with your money and be selective in your choice on what you want to bid on because each time you hit that Bid button, it’s going to cost you sixty (60) cents, which can add up pretty fast. And guess what? If you lose that particular bid, you only have two hours after the bid is closed to use the money you bidded with on the same item if you so desire. They will then add up all the sixty-cents you accumulated during the bidding session and deduct that amount from the price they have listed as the suggested retail price. If you do not use your sixty-cents, times whatever, you lose every bit of your money and QuiBids pockets it for themselves. Again, be very careful.
Please watch the YouTube video below for a more in-depth analysis of the pros and cons of QuiBids. Because even though sixty-cents per bid seems very minute from the sound of it, multiplied by as great as 100 can be quite disturbing if someone else outbids you.
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About QuiBids We sell brand name new products every day at amazing low prices. Look at our homepage to see what products are up for auction right now, and if one catches your eye, follow the steps below to start winning bargains!
Welcome to QuiBids, a fun and exciting, fast-paced auction website. You can win all sorts of popular products at incredibly low prices. Look at our homepage to see what products are up for auction right now, and if one catches your eye, buy some bids for a low price! When you place a bid, we add a maximum of 10-20 seconds to the timer – to give someone else the chance to bid if they’re interested. This is similar to the “Going Once…Twice…SOLD” approach of auctions. If no one else bids and the timer reaches zero, you’ve won a sweet deal on QuiBids! If you don’t win the auction, you never have to go away empty handed. Any time after you’ve placed your first bid in an auction, you can choose to buy the product for a discount using the Buy It Now feature. This will help limit your losses so you don’t have to leave all your bids on the table. You’ll never have to pay more than the Value Price for any products on QuiBids. How We Got Our Start QuiBids was started in July 2009 by a group of guys interested in making internet auctions more exciting. The company is based out of Oklahoma City, Oklahoma. Our goal as a business is simple–to provide an online auction model that creates excitement and overall better deals to the consumer than any other auction website in existence. With our staff having many years of experience in internet marketing, economics, finance and computer science, we strongly believe we can deliver this to our customers. We strive to keep our costs as low as possible to maximize the number of great deals we can offer at QuiBids. How Does QuiBids Work? 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 we offer the Buy It Now feature for the majority of our auctions. Are Products Brand New? All products on our site are brand name, brand new, and factory sealed! Additionally, all items come with the manufacturer’s warranty. Welcome To QuiBids 101! QuiBids 101 is an information portal built by QuiBids to help educate our users on not only how our auction model works, but how to have the best chance of winning! Since we’ve launched, we get a variety of questions that we felt wouldn’t be justified just answering in our FAQ section. Our goal is to make our auction model as transparent as possible and to help you, the user, have the best shot of taking home an awesome item! We encourage you to browse this section and learn more about our company and how to best participate in our auctions! |
SwipeBids
There is another website that looks almost identical to QuiBids that’s called SwipeBids. The set-up is the same, the color scheme, etc. However, please don’t be confused. QuiBids and SwipeBids are two separate entities.
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