Take it from TheCrazySalami himself: QuiBids is a scam.
We recently — while traipsing our happy way across the chunk of the Internet dedicated to saving consumers oodles of moolah — happened across this very interesting self-produced YouTube video, posted by a gentleman who goes by the username TheCrazySalami. Now, we all know that everybody’s entitled to their own opinions, but Mr. Salami seems especially opposed to the way our company operates, for reasons that — how to put this politely? — don’t exactly make sense.
Titled “The truth behind Quibids and how its to good to be true,” this thing’s a pretty entertaining two-and-a-half-minute watch, and we’ll do our best to defend our company’s reputation against the bewigged gentleman below. Don’t watch if you can’t handle the sight of a guy getting really worked up while looking like George Washington borrowed somebody’s aviator glasses. His words are in bold below. Our interjections are in italics.
This is what you need to know about Cue-bids.
Pardon us, Mr. Salami. It’s pronounced QuiBids, as in “quick bids.” You can learn more about that at our About Us page. Sorry, we’ll let you get back to what you were talking about.
This is what type of sham this website is. OK, when you first sign up for this website they go “OK, this is a promotional code that we give you. You get ten free bids.”
Uhh…we’re sorry for giving you free stuff?
And you’re like saying in your head, “Wow, ten free bids! What’s that what’s that what’s that?” But! Listen to this: You go on there and they charge you $60 just for the initial sign-up. And in the sign-up process they give you 120 bids. IF you do the math, it comes out to be about 60 cents per bid.
Yup! Our users then take the bids on to our site and win great items. More about how that works at QuiBids 101.
Alright, so what do these bids do you? So you go online and you see these ten cents — Wow! You can buy a frickin’ iPhone for ten cents!
Well, that is admittedly pretty unlikely but still very much within the realm of the possible. Somebody did recently win a new iPad for less than $5 recently. And a gas-powered scooter for less than $20. But you probably wouldn’t be too interested in that, would you?
Well lemme guess, that’s just a sham. This website’s how they trap you. It’s a very addicting website. If I were you, try to stay away. These people are making billions.
Uh, we’re making billions of dollars by ripping people off? My car loan and the Better Business Bureau say differently.
Absolutely billions of dollars on these stupid people who go on there like “Oh, I’m going to get an Apple iPod for ten cents.” But you can’t!
Uh, technically you could. It’s just not super-likely, especially if you’re not extremely patient and careful about it! But if you commit to winning it, the worst thing that could happen is you buy it at the listed retail price!
What you don’t know is that every time you place a bid, it is sixty cents coming out of your own pocket and it’s not even guaranteed that you’re going to win that product!
Actually, most people are aware of that, because our auction model is clearly explained when people sign up for our site.
There’s like ten or fifteen people bidding on this product and it’s going up every time you bid in one-cent increments.
Yup — that’s kind of how most auctions (save for the penny bit) works.
So basically I put a bid on an iPod that’s eleven cents and it turns into twelve. Then there’s a timer on this website that counts down from ten, nine, eight, all the way up to one. In that ten seconds, other people can bid you out!
You got it!
So if another person bids you out on this website, the timer resets itself to ten seconds, so it just keeps continuing in a loop of ten seconds after ten seconds, per bid per bid. Then you’re bidding on something twenty times and you times that twenty by sixty cents, man, it just adds up!
And you’re not even guaranteed to win this product!
That’s also kind of how most auctions work. We like to think this is entertaining, and, much like other things that are entertaining — like comic books, action movies, trips to the zoo — has value.
I’ve been online and I’ve seen this TV that started off as one cent this morning and now it’s up to 100 bucks, OK? Imagine, every one cent this bid goes up, this is how this company’s making money. Sure, the last person that will bid might win this TV.
Actually, they will win this TV, as it so happens. And all the other people who bid on it but lost are more than welcome to buy the item, less the money they spent bidding. We call it Buy Now .
But they probably invested a thousand dollars just to get that price for 100 bucks.
Actually, user dlg1025 recently put $201.60 worth of bids toward a Samsung HDTV bundle, to get the price to $265.95. And he/she saved $3,232.44.
Guys, I’m telling you, stay away from this website. It’s a sham, it’s addicting, and it’s going to end up costing you more money than the product’s actually worth.
Uhh, not true! Our Buy Now prevents people from ever paying more than any item on QuiBids is worth. Ever!
OK guys, this is The Crazy Salami, warning you to stay away from Cue-bids.
Again with the name?!