Ipad Deux

[julius]

I'd use one, if I won one.

 

[Colonel Ronan]

What's the catch with that site? Is your buy out of the ordinary? I know you have to pay to bid... but are deals like yours just an abberation?

You're always going to get fantastic deals on anything you win. But winning is the hard part. You buy "bid packages" and each bid credit ups the auction price by one cent. I've seen iPads for for at low as .10 and as high as $100. If you're the winner at the end of the counter, you pay the final fee and shipping. There isn't a catch.

 

[Paxil]

Yeah... there may not be a catch but all the people that bid and lose are essentially paying for nothing... if they sell an IPAD for $250 and it is worth $500... they break even (because they already made $250 on the bids)

I am not saying it is a scam... just more like a raffle where even if you win you are paying something.

 

[Colonel Ronan]

Yeah... there may not be a catch but all the people that bid and lose are essentially paying for nothing... if they sell an IPAD for $250 and it is worth $500... they break even (because they already made $250 on the bids)

I am not saying it is a scam... just more like a raffle where even if you win you are paying something.

Yep, plus quibids are making BANK off of everything they sell.

 

[Rhal]

Yeah... there may not be a catch but all the people that bid and lose are essentially paying for nothing... if they sell an IPAD for $250 and it is worth $500... they break even (because they already made $250 on the bids)

I am not saying it is a scam... just more like a raffle where even if you win you are paying something.

The sight was so much more awesome before it got big. Now its really hard to win things. Friend of mine got a 22k car for 850, total came out to like 6k for him because of all the bids he had to place.

 

[agoo]

Yeah... there may not be a catch but all the people that bid and lose are essentially paying for nothing... if they sell an IPAD for $250 and it is worth $500... they break even (because they already made $250 on the bids)

I am not saying it is a scam... just more like a raffle where even if you win you are paying something.

Actually, they get $15,000 from that. Its 60 cents per bid, times 25,000 bids.

 

[Colonel Ronan]

Actually, they get $15,000 from that. Its 60 cents per bid, times 25,000 bids.

Yarp.

 

[Paxil]

Yikes that is a hella business model. =) Why couldn't I come up with something like that... like the pet rock... selling bottled water... the next great scam is out there somewhere!

=)

 

[agoo]

The sight was so much more awesome before it got big. Now its really hard to win things. Friend of mine got a 22k car for 850, total came out to like 6k for him because of all the bids he had to place.

The company made 51k on that, profit of 29k. Makes up for those $10 gift cards that they sell for a dime.