I'll say no its not a "con" because if you go on the website they explain how it works very well, in great detail and even let you see how it works. Its an easy concept, just really bad for their "customers"
[h=2]How it works[/h]<article style="color: rgb(51, 51, 51); font-family: "Trebuchet MS", "Lucida Sans", "Lucida Grande", "Lucida Sans Unicode", Verdana, sans-serif;">
They pray on the stupid and desperate (like payday loan companies).
[h=2]How it works[/h]<article style="color: rgb(51, 51, 51); font-family: "Trebuchet MS", "Lucida Sans", "Lucida Grande", "Lucida Sans Unicode", Verdana, sans-serif;">
[*=1]Each bid raises the price by $0.01.
[*=1]The auction clock restarts from 10 seconds every time someone bids.
[*=1]If no new bids are placed before the clock runs out, the last bidder wins.
[*=1]Each bid costs up to 60¢ (currently on sale for 12¢!). This small fee makes the massive 95% off savings possible!
They pray on the stupid and desperate (like payday loan companies).
I've won shit for dirt cheap. an IPAD went for about 150 bucks once that i was bidding on. no lie it took over 48 hours of bidding to finally end the auction. at one point at 4 am it was just me and one other person with auto bid on around 60$ that kept the auction alive. i haven't bought bids after that one time.
I've won things on QBids it's the same concept as DD.
Its gambling.
you pay 50 cents a bid so they make $5 every time the price goes up 10 cents .
All auctions start at 1 cent.
So they make $50 for every dollar the price goes up.
So if they sells something for $100 but it's worth $1000 they make $5000
on bids plus the $100 the winning bidder pays for the $1000 iPad.
So they can gladly sell an iPad for $100 because they already collected 5k$ worth of bids
Its gambling.
you pay 50 cents a bid so they make $5 every time the price goes up 10 cents .
All auctions start at 1 cent.
So they make $50 for every dollar the price goes up.
So if they sells something for $100 but it's worth $1000 they make $5000
on bids plus the $100 the winning bidder pays for the $1000 iPad.
So they can gladly sell an iPad for $100 because they already collected 5k$ worth of bids
Its a con I tried it for a little while. I got 2 gift cards worth 10 bucks for a penny and that as it. A Burger King and a Walmart card. When I saw 10 dollar gift cards going for 30 dollars that was it for me. I'm still trying to figure that one out. I emailed them about that but never got a answer. Same people everyday bidding on 5 and 6 items at the same time all day and all night long. Makes you wonder.
There is ZERO WONDERING easygoing... scam scam scam.. whothefk is gonna pay 30bucks!! ++++ to buy a gdam 10 dollar bullshit gift card!!!
It's not just the 30.00! Lol.. it's the 100 bids at .10 a piece!!
Lolol.. pathetic... how this isn't against the law I will never know
