Archive for the ‘QuiBids.com – Penny Auctions’ Category
What a great way of making easy money… if your the owner of a penny auction website.
Unfortunately I cannot say the same for the user that can spend days on a bidding war, against internal software bots, wasting more and more money buying credits to be able to make more bids.
Before anyone signs up to www.Quibids.com , www.Beezid.com , http://www.bidfun.com , http://www.dealfun.com , http://www.bidrivals.com , please just monitor 1 live auction, then decide if you want to waste your money on buying a bidding pack, again and again and again .
Having said that, even though it is a legit business, it is still a scam, just like poker machines..
Penny Auctions is based on a certain model that uses internal software timers and bots that makes all auctions never end, until the site owner has made a substantial mark up from legit bidders using up their bid packs, again and again..
Penny Auction review by choice: http://www.choice.com.au/reviews-and-tests/money/shopping-and-legal/shopping/penny-auction-investigation.aspx





