When the internet became mainstream back in the ?90s, eBay came along and took the online aution world by storm. ?Today, eBay continues to dominate in that space. ?In more recent years, there has been companies rising up who are tweaking the idea of an online auction. ?There are some companies who have created penny auctions, which are programs designed to reward popular items for cheap to the winner. ?One of the most popular of these penny auctions is QuiBids. ?The idea itself is quite catchy. ?Many people would love to get the latest technology for less than full retail. ?The winner of these items with QuiBids usually does get their desired product for much cheaper than full retail. ?So what is the catch? ?If you are not the winner, you still end up having to pay. ?You have an alternate option of applying those same bids you already spent. ?You can use them on the full price of the same item if you wish. ?The problem here is that there is no deal or discount if you are not the lucky winner. ?So, as you can see from this QuiBids review, be careful to understand the rules before you start bidding.
Source: http://www.smallbusinessmarketingcd.com/latest-business-news/quibids-review-what-is-the-catch/
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