Los Angeles, CA (PRWEB) September 15, 2012
Qubids gives people the chance to bid on high ticket items and potentially enjoy obtaining these items at a very low cost. The bidding site works in much the same way as many penny auction sites. People can join the website and engage in the auctions by buying “bids”, which cost 60 cents each. This low price means that, theoretically, it is possible to win an item that costs hundreds of dollars, for the very low price of just 60 cents.
But, this is usually not the case, since each time someone places a bid on an item, the amount of time which that item remains up for auction is increased by 10 to 20 minutes. Since it is the last person to bid that wins the item, bidding “wars” may go on for a long time.
However, unlike other auction sites, like eBay for example, Quibids makes it possible for customers to obtain the item even if they have lost the bidding. Customers can simply buy the item after the bidding is finished, or even while the bidding is still ongoing. The total value of the bids that the customer has already placed on the item will also be deducted from the retail price of the item when they buy it.
This makes it possible for those who are set on obtaining a certain item to obtain it, even if they were losing the bidding. It prevents people from overspending and bidding more than the actual price of the item, simply because they want it.
These features set Quibids apart from the other auction sites. They allow people to win high priced items at a low cost, if they get the timing just right, and also prevent the “winners regret” many people feel when they win an item that they have overbid on.