Quibids – Class Action Suit?
Posted by Fahz on 2011/03/21
Via a message posted on this blog, there seems to be a Class Action Complaint in OK.
http://www.beckham-mandel.com/wp-content/themes/beckham/class_action_complaint_11-11-10.pdf … the example proposed is quite powerful [never knew they sell cars too]
Page 2-3:
QuiBids promotes itself (on its website, through widespread internet advertising and emails) as providing an opportunity for consumers to win luxury items at CLASS ACTION significant discounts compared to retail stores and E-Bay, and it claims that winning bidders on QuiBids.com typically save 80%-95% compared to retail prices. In one e-mail promotion, QuiBids cites a customer winning a $20,000 Honda Civic automobile for $1,740.78 in a two-cent QuiBids auction. That price means QuiBids sold 87,039 bids which were used in that auction. At $0.60 per bid, QuiBids grossed $52,233.40 from the bids alone, an amount that dwarfs not only any savings realized by the winning bidder individually, but the retail cost of the car. This illustrates the critical difference between QuiBids and E-Bay – losing bidders on E-Bay do not pay anything.
I can’t find much on this from the internet, but there’s a new coverage on businesswire.com.
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Fahz said
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Quibids said
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Quibids Review said
It is definitely not as black and white as it looks. This is even more so with Quibids. This is because Quibids give you a ‘Buy it now’ feature where you can buy the item at the listed price (that this is inflated is another story though!) It is unlikely that many bidders on the car auction were interested in that but take something like a $10 Amazon gift card: I bid till I spend bids till $10. If I win, great! I get some discount. If I don’t, then I can always use an Amazon gift card anyway, so I just pay the balance and buy it at $10 retail.
freebies said
I stopped using Quibids a long time ago when I figured it was a waste of time.
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