its a scam but a legal one. You have to buy bids then use them to bid on items and even if you do not win the auction you do not get those bids back. if you win the auction you still have to pay for the item so while you may get a deal on an item you won that saving may be gone due to the amount of bids you had to buy and use to get it.
If it's like the other one that was started...Quibids? I think...anyway, they charge for EACH bid from each bidder, I believe $.60 per bid..noticed someone posted that they rec'd $510 for a $100 gift card...so yeah a rip off...just google it and you'll see tons of complaints filed.. not the way to go from what I have seen.
Yeah, it COULD happen, that's why they get away with it...but you have to be the only one bidding...and really, what are the chances?? Slim.
It's not really a scam. It's just a strange and possibly expensive way of going about trying to win something. You pay to place a bid. Then when someone else outbids you, the timer resets by so much. This is good in that it eliminates snipers. But, if you don't win the auction, you're out the cost of your bids. Also, when and if you win the auction, you still have to pay for the end total of the item. You're essentially buying a chance to buy an item. It's not a scam, but it is kind of a ripoff. Chances are, there are experienced people who buy stuff on those sites 24/7, ever since they started. You won't win. So, you're basically buying bids on something you'll never get the chance to purchase.
It's a scam to the same degree that gambling is, really. They fully disclose everything, so the only people that get "had" are the ones that are too dumb to realize what the risks are.
As others have posted, it's not really a "scam", it's just a system of bidding that is incredibly stacked in favor of the website. I've used Quibids before, and can attest that it is possible to have things go in your favor (I won a few auctions for small items at a low price). But those were items that barely anyone was bidding on, so the chances of me having the final bid were better. On big ticket items, lots of people = lots of bidding. And yeah, each bid costs $0.60.
it's as close to being a Pnnzi (Pyramid) scam as you can get and still be legal. it's also like seeing the exact same commercial on tv for something but the website addy is always different. seems too fishy to me.
