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Although it seems too good to be true, it is very real. The bidding sites actually involve a much money than what they spend on the new items. Right after customers have to buy the right to bid, on Quibids, a package of 100 bids is worth $60, will be 60 cents per bid. So if you placed one bid and won the iPad at $20, you’ll then actually spend $20.60 onto the item.

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