o/t has anyone used Qui bids?

I'm really surprised that no one has used them. I guess it's not a good thing,

Not something I would recommend (or Dealdash). You pay 60 cents for each bid you make on an item. Ten bids on an item costs you six dollars. But, if the bidding is in penny increments, you have only bid ten cents.Your total cost is $6.19 (first bid 1cent, you are raised by bidder number two to two cents, then your second bid is three cents, they bid four cents, your third bid is five cents, etc) if you win . Bid cost plus item cost. You usually dont get a refund on your bid cost if you dont win. The countdown where the bidding is extended 20 seconds with each bid gets you excited and makes you not want to loose your bid cost investment. So you bid again, or worse go with auto bidding which can jump up many many bids a second. The number of people you are bidding against makes a big difference too. You are betting everyone else will drop out. Not something I ever do or recommend. Too emotional, too hard to predict.

Thanks so much for the reply, I really don't want to do anything like that, I knew there had to be some reason that it wouldn't be as good as they try to make it sound.

Right, I've never done it either but I've watched and researched just for fun. Theoretically you could be the last bidder and pay only that 1 penny or whatever the first bid amount is. You could get a real deal. But the company keeps everybody's "pennies" and that really can add up. I think especiallyfor popular items they make a lot more than the cost of the item. Which is fine, they are in it to make money. But you should realize that every time you play you pay. You might win but more likely you won't and you don't get your money back (in any that I researched.) So it's like gambling in penny slots at the casinos.

ETA: I changed the "retail price" to "cost".

In addition, even if you win the auction, your bid may not be the final price. In many cases you are bidding to purchase the item at a reduced price. A class action lawsuit was filed against quibids in 2010.

http://classactionlawsuitsinthenews.com/class-action-lawsuit-complaints/quibids-class-action-lawsuit...

http://www.businesswire.com/news/home/20101130007096/en/Law-Firm-Beckham-Mandel-Files-Class-Action#....