Profits On QuiBids With These Tips

Penny auction companies have been operated in the United States for many years. However, none of them ever attracted as many people outside the penny auction community and received more attention than QuiBids.com. This article looks at how Quibids work and how you can buy products cheaply from the site.

Quibids is a Penny auction website that attracts clients by promising to sell them big ticket items that are normally expensive at affordable low prices. For instance a new iPad that retails at $499 can be sold to a bidder at a price of $ 22.54 . This is just a bid winning price and is not the actual cost of a new iPad.

Quibids.com ‘s work is to bring bidders onto the trading floor. Each bidder buys a single bid at a price of $60 cents. In the above example, if the iPad attracts 1000 bidders, Quibids .com will collect $ 600 from them and release the iPad to the winner at a price of $22.54 . Because of this reason, it is misleading to cite $22.54 as the price of the iPad but it can be quoted as a bid winning price. See this website link for more information : www.emailscambusters.com/quibids-scam-review.

Quibids.com requires customers to pay for the options to bid. It is a seller and serves as the auctioneer. For the losing bidders Quibids offer them the option to buy the product at the market price less the amount of money they had paid for the bids. For instance if you paid $100 on bids for the iPad but lost, you will be allowed to purchase the iPad at $399.

If you are looking for a penny site where you can buy electronic devices such as phones, iPads and computers, visit Quibids.com register and sign up. However, you should take your time to learn how it works before you start buying products.