Quibids Review Is It a Scam
Penny Auctions my personal opinion is don’t get involved with them unless you have at least 75% of the retail price of the product you are seeking to purchase. Another thing is before you get into a website like Quibids.com make sure you READ the terms and conditions and also understand what you are getting yourself into.
Penny Auctions work off ignorance (in my opinion) and they’re time consuming. The reason why I say you should have at least 75% of the money of the retail value of the item you wish to purchase is because the penny auctions in many ways are all about backing up your bid with your commitment. You lose in Penny Auctions when you are not willing to commit to a particular item.
Do you follow me here? Because if you don’t you will lose all of your money in a penny auction very quickly. When getting into this type of endeavor you’ve got to have some heart and also have some money, again I recommend 75% of the value of the item you seek. Another thing to keep note of is that with Penny Auction sites the house always wins.
Example: Three guys fighting for a PS3 console these three men are all serious and only one person can win. Each of these three men are willing to pay over $100 for this PS3 and they do, they each use up $120 in credits to try and win this PS3 console but only one person wins. This is how the penny auction website wins all of their money. This is also the reason why most people never win ANYTHING in Penny Auction Sites. Again the house has to make their profit when getting involved in these penny auctions never forgets that.
Online Penny Auction Scams
Now when you are dealing with penny auction sites ONLINE!!! There’s the fear actually it’s my fear that the game is RIGGED. This is my reason for not getting involved in this type of auction. The reason why eBay has become so successful is because only the winning bidder has to pay. Because penny auctions use NON REFUNDABLE credits the instant you sign up with them is the instant you’ve basically lost your money.
So if you the money you’ve invested is not at least 75% of the retail value of the product you want and if you are not prepared to go all the way with your bids then forget about it. When you look at Penny Auctions from the proper perspective it’s plain to see why people scream scam all the time. Now personally I don’t think Quibids.com is a scam but at the same time I don’t recommend you join them.
Wait a minute – How did $.60 per bid become 1 Cent per bid?
Nothing on Quibids is being sold for 1 cent the fact of the matter is that each bid costs each user 60 cents per placed bid. The real allure of Penny Auctions is the name and online it’s also the visual presentation meaning once you see your desired item on auction for a few cents or dollars, most people are going to think to themselves hey this looks simple and cheap let me try that. Like I said above when getting involved with online penny auctions you have to purchase credits meaning the house has already won. And like with any other auction site there can only be ONE winner, but unlike traditional auction sites where only the winner has to pay for the price of item, a penny auction website means once you vote you’ve paid for the price of the item. So each time you vote you lose credits.
Penny Auctioning is border line gambling in my opinion. Also penny auction sites work in reverse. The larger the penny auction site gets the harder it gets for members and the better it gets for the house (in this case Quibids.com). If you want to sign up for Quibids.com don’t let me stop you just don’t say I didn’t warn you. Please leave your comments or your experience with Quibids below it helps others.
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Great post.
You clarified things for me in a way no other site has Quibids is like gambling once you sign up you lose money no matter what it seems like
My name is Jill and I work for QuiBids. You have some valid points regarding penny auctions. They can be time consuming and yes, users should go into these auctions with the mind frame of paying retail for the products they seek. These are just a few of the tips and suggestions we give to our customers on our QuiBids101 section. We try to be as transparent as possible and offer the best tips we know to our users, to enable them to have a better online experience with us. We highly recommend users to read this section of the site prior to beginning in any auction.
At QuiBids, we pride ourselves in being the beacon of moral and ethical business practices in our industry and define success through the creation of long-term, mutually beneficial relationships with our customers. The fact that there are some unscrupulous sites out there that do engage in rigging auctions through the use of bots of shill bidding is unfortunate. Those sites ruin the fun and reputation of all legit sites. That’s why it’s always best to do your research and find sites that give their unbiased insight into the industry.
One feature we offer on our site is the Buy It Now. This is a safeguard we offer our customers. If a user does not win an auction, he/she can utilize the Buy It Now and apply the bids he/she used in that auction to the retail price of the product. We also refund any unused bids. Overall, penny auctions are not for everyone, but if you go in with the right mind frame, you might just get yourself a great deal!
QUIBIDS, is gamblind and not auction. I fell for it and now I am out $45.00 of my hard earn money. In a real auction you bid and you pay only if you get the item. Here you pay for bidding. That is gambling. You are paying for thin air, nothing. Do not fall into this trap. My lesson cost me $45.00, hope you learn by others experience.
I’ve used QuiBids. I’ve won a few auctions and my items were delivered within a few days. Overall I like the site. I just wish I had more money to buy more bids!
A cool new website has just launched. QuiChat.com was created for users of QuiBids.com to communicate with each other. Some auctions can last for hours. Now bidders have a way to at least talk to each other while passing the time.
This is just a guy trying to sell his affiliate offer for the Wholesale ecom site he is hawking in the link at the bottom of his post. Has nothing to do with Quibids other than capitalizing on their search volume. Who is the real scammer?
again if you want to sign up for Quibids don’t let me stop you this post is for information only
I would like “Jill” who works at Quibids to answer my question, because no one responds when I try to get in touch with them. I have participated in many auctions over one month all the way through. The one I was just on totally convinced me it was rigged. The item “SOLD” at 2 seconds. I clicked my mouse to bid, and it came up sold. It sold to the person who spent the most money bidding today. Encouraging him to buy more of course. Two other timesin two other auctions the timer stopped at 9 seconds and that person won. I was on two different computers each time so it was not the computer. Could you please explain???
I hate to disagree with you Jill. But making 10k from a 499 Ipad is not what you would call good business. It is not ethical and it is definitely not transparent in any way shape or form. And if you don’t think that what you are doing is gambling think again. Or shall we begin to contact each and every state that requires licensing to determine if you have a gambling license or not.
I was of the mindset where I thought the auction would end, especially after spending $360.00 trying to get that I pad. But your so called auctions have no upperlimit or ceiling they just keep going on forever. Regardless of how much an individual has paid in towards the product. Your website claims to be “selling” products that are so low in cost, but you rake in $10,000 dollars for a 500 dollar Ipad?? What did all the bidders get in return for this? I have nothing against a website that makes money from fees. Ebay has made millions from their fees, but they have never charged someone $9,500 to process a transaction. Just because you CAN do something does not mean you SHOULD. But did anyone think to take into account in your website calculations that there might be something not quite right or potentially not quite legal with what your doing? Why not just make the auction close when you make 20% more than the price of the product?? Or perhaps 20% from every sale too “consumer friendly” for you?
If you think that it’s perfectly ok to have a website that passes on as a consumer friendly and a “savings” website like you have there think again. Having advertising and marketing like that is considered a “Deceptive and Unfair Trade practice”. You should make people well aware to individuals who participate in your site are “Gambling” and there are no guarantees they will win anything at all.
Oh and while you are at it, you might want to include in your transparency wording that when someone buys one of these “bid packs” that they are giving you 60 cents and you give them back one penny to bid with.
Nice blog!! i also know a very good site for penny auction Save up to 99% off retail at Bidzillion.com online auctions
ITS A SCAM TO GET YOUR CREDIT CARD NUMBER AND CHARGE YOU FOR WHAT THEY STATED WAS F R E E !!!!! SCAM SCAM SCAM!!!!! Quibids will supposedly give you 10 free credits to start bidding but what they DON’T tell you is when you leave your credit card number “on file” THEY GO RIGHT AHEAD AND CHARGE IT FOR THE MINIMUM BID PACK RIGHT AWAY! Free is supposed to be free and they don’t exactly spell out that they will charge you for the minimum AND THEN give you 10 free.
Nothing more than a crap-shoot.
thanks for the insight people, I will steer clear of quibids. I grew suspicious when there was not an option to only accept the FREE bids to try the site out. I think these coments just saved me $30.
In response to Jill, you are doing a wrong business which has NO ethical value at all. I agree with another fellow who said that we shall contact to each and every state to look into the matter and get our hard earned money refunded as it was taken away from us by virtue of an online fraud. PEOPLE! be careful, this is no more different than gambling and I think even worst than that because when you go for gambling you are CLEARLY aware of it but in this case you are not.
JILL, FOR GOD’S SAKE DON’T CALL IT TRANSPARENT.
I believe that QuiBids is based upon a scheme, not a scam. This is very much like gambling. Both have rules which the house and the players are bound to. Both are heavily weighted towards the house. In both, people can win big and can lose big. People who can not lose their money should not gamble.
That being said, similar to Christine (June 20th, above), I have also noticed that some auctions seem to end while there is still time on the clock. I am a network administrator. I know that when I saw this happen, our internet connection WAS NOT over loaded. Further, there were other bidders who had been bidding consistently up till that point. It seems impossible that the other bidders would have chosen to stop bidding at the exact time that *my* network or computer stopped responding. This tells me that QuiBids network or computer systems have problems, and are causing some situations when web pages do not respond while the last few seconds of a bid tick away.
The problems with QuiBids’s network or servers represent a real problem which can cause bidders to unwittingly lose the sale. QuiBids should research these situations and compensate the bidders who were active at the time of pre-mature end with the number of their lost bids. If they don’t then Quibids would not be acting with integrity or by rules of fair play.
Note: I do not believe that QuiBids does this on purpose — it does not serve their financial interests to end an auction too soon. It actually costs them money. however, QuiBids is the one who should bear the financial cost of a pre-mature ended bid — not the consumer.
Eric
I agree with making money at an auctions,but charge 5 dollars for the right to bid on an item an you would still make a fortune.Like going to a live public auction where a painting goes for 2 million dollars,if they kept everyones bid ,they could make 20 million for the painting.I think this would be the end of public auctions.I started to get on the site tonight because Yahoo said this was a good thing.Then I read the terms of the agreement and you can tell if not a scam they profit from first time users.Very few honest people left!!!!!!!!!!!1
Quibids is a very popular pennyauction website and therefore it is very hard to win popular items for good deals the website does make it seem everyone can win anything for very little but dont be fooled by the shiny cover its very hard to win for cheap however there are many other pennyauction sites which are much less frequented and winning high priced items for under a dollar is very much possible please do your homework before getting into any of these sites
Whether or not anyone agrees with what they are doing or not, it is legal and they explain everything. I read all the details before I purchased any bids and it has worked exactly as they say. You all jumped in without checking it out and then got mad when it wasn’t what you thought it should be. I think it is brilliant!! Just pay attention people.
Okay…let’s get one thing straight. These sites are not a SCAM, be definition. I think, to anyone with a third grade education, it becomes very clear within a few moments that this is basically the same concept as a raffle (except that you have to pay your bid if you win). I don’t think that most people call raffles SCAMS, but you just have to know going in that the money you paid for the raffle tickets may end up getting you jack squat.
You see, this isn’t criminal, it’s not fraud and it’s not a scam (unless they use shilling bots, and then it most certainly IS criminal). It’s just a “tax” on people who either (1) have a gambling addiction, (2) order “get rich quick” programs off of late-nite informercials, or (3) are bad at math.
Does it look like there are times when you can get stuff cheap? Possibly. But, remember, just like in Vegas: the house always wins.
Quibid is not your auction site where you are the highest bidder you win the item. Quibid is a platform in which you compete with computers and people on who has the last vouchers. Vouchers cost 60 cents each, and bidding 100 times would cost you $60.00.
Each incremental bid is bidding up the price and cost 60 cents. These are non refundable bids. Basically you pay to bid, with no guarantee of winnning anything. In casino games, you know who you are playing against. In quibid, you are gambling against softwares and people. Its who has the last voucher to bid.
So if you spend 200 bids, thats $120.00, and you run out of vouchers to bid, you loose your money. In auction type, you do not pay to bid, here you pay to bid and will lose money each time you bid.
YOu pay to lose money each time you bid.
This is not a legit auction site.
Legit auction site like ebay, you don’t pay like $120.00 to bid, and you don’t lose money if you don’t win. Here you lose money, money are not refundable.
Don’t waste your time. This is not an auction type.
I would like to say that I tried unique bidding at Dubli.com for a chance to win a Rob Thomas concert package that just ended yesterday at 2pm est. I researched the winner to find out information that leads me to believe he has a strategic way of winning these auctions because he has like 20 just on this site alone within the last 2-3months. I also have found information thats leads me to believe he is getting these itmes the turning around and submiting them into other “high” bid auctions. This makes me SICK! There should be more strict rules and regulations for these sites, ex. if the company resides in a certain country, then only residents of the country can particpate. Unfortunatly there are no rules for this, so its a free for all foreverone. countries can take advantage of other countries in this matter. I guess nothing changes in the world we live in………
I do not like this company Quibids at all. My laptop and wallet were stolen. Stupid me for leaving my door unlocked. I have been trying who the culprit is. Must be one of my roommates? I will get the culprit … Life lessons “Don’t leave your door unlock.” and “Secure your wireless router”.
I have a checking account with a credit union, money is tight for me… woke up to a phone call from a representative at my bank asking if I am aware of “QuiBids”… I said “No”. Did some research… and found the website. Apparently, the culprit have access to my email address.. with my credit card info… had been bidding shitty items from the site; coffemaker (which I already have, and better brand) giftcard to JCPenny ( there is no JCPenny around my area) and a 8Gb USB thumbdrive ( which I already have and don’t use).
I immediately shoot them an email for refunds and request them to not send me those items … I simply don’t need and don’t want them. They sent it to me anyway claiming the items have already been shipped by their vendors.
Okay, that is AKK fine… Ii thought.. i will pay for those items.. roughly $75.00 I can spare, but I want my remaining $300 approx. money back. So, I shoot them a few more emails… apparently they created a free gmail email account “[email protected]” to work with me by an agent Cliff F. That is all fine… I am glad that they are able to work with me. I thought about trying out their service too… just for fun… but after they resolved my issue.
These are my conversations with them…
—
Cliff F., Jun 30 02:02 pm (CDT):
Hi ____,
I am sorry but this item has already been shipped by our vendors. If you receive the item and would still like to return it, please contact us and we will get that taken care of for you.
Please let us know if there is anything else we can do for you and have a great day!
Sincerely,
Cliff F.
QuiBids [email protected]
—
I responded to them…
—
Jun 30 03:09 pm (CDT):
Hey,
Thanks for looking into this issue. Do what u can to assist me. I have
cancelled my cc. I have not file any dispute against ur company. There is
no JCPenny around my area. If necessary, I am willing to pay for the items
shipped to me ( even though I let u know well ahead not to ship). It
sounds like a big harshal shipping them back to you, then wait….
When can I expect to get the refunds? And have this account closed?
Best Regards,
xxxx
—-
I waited… waited… till July 25 (zero response from them) …so I shot them another email.
—
Hello,
It has been more than 3 weeks since my last response. I still have not
received my refunds.
I have no other options but to request my bank to issue chargebacks.
Thanks,
xxxx
—
I got a response but from another agent (Mike D).
—
Mike D., Jul 25 10:42 am (CDT):
Hi xxx,
I noticed in the process of refunding your account that you have used all of the bids in your account. Our refund policy states that we will refund all unused bids, but not bids that have been used to participate in auctions already. If we were to refund used bids, our business model would not work, and we would go out of business. The cost of the bids is what helps to fund the great deals that the winners receive, which is how the site works.
Thank you and have a wonderful day!
Sincerely,
Mike
QuiBids Suppo
—
No… I am not having a wonderful day! I want my issue resolved. I responded.
Hello,
I read your business faqs and understand a little bit of your business
models. Please understand that I did not make any of those bids. How would
you like it if someone came into your room stole ur laptop, your wallet,
your internet and start signing up random accounts online? This last weeks
I cancelled all my credit cards ………….. My research tell
me the only way to get my money back is to threaten chargebacks. I
understand it costs $25 – $50 per transaction. It is not ur fault nor
mine. It is only fair if we come to a compromise. I request that you
refund all transactions. You may keep up to $100.00 since I notice the
items sent to me seem to cost that much including your time.
I really appreciate it if u can look and resolved this today.
Thanks,
xxxx
—
Mike D., Jul 25 02:41 pm (CDT):
Hi xxx,
Perhaps I am not understanding your question. Why is it that you think a refund is due to you? I am sorry if I am confused on this issue. Please help me to understand the actual issue.
Please let us know if there is anything else we can do for you and have a great day!
Sincerely,
Mike D.
QuiBids Support
—
Okay… this is getting on my nerves. How can he not understand the situation? I replied back with the entire thread of my previous conversation with the previous agent Cliff F. on my first direct communication with this Mike D agent. After a few back and forth response. … I am curious individual… so I want to make this issue public. I would like to know… what the public think of this issue.
—
Hello Mike,
I would like to know what the general public thinks. Can I have your
permission to post all Quibids responses to public forums?
Thanks,
xxx
—
Zero response from him about this… this issue is frustrating me even more… I thought I can just come with a deal with this company.
—
Jul 25 11:03 pm (CDT):
Please refund $150.00 – $200.00 … cancelled my account. We can call it
even. I don’t want to deal with this issue anymore.
Thanks,
xxxx
—
Finally, on their final response… the answer is basically “NO!!! I can’t have my refund”… and they even have the guts to greet me “a great day”. WTF? How can you greet somebody to have a “nice day…when the issue has not been resolved… and the issue in hand is not in anyway satisfying the customer?
Hi xxx,
What you have showing in your account are 201 voucher bids available for use. Only bids purchased in bid packages are refundable so there will be no refund on the bids you won in the auction.
If you would like we can reactivate your account so that you can use those bids. If you want to do that, please let us know.
Please let us know if there is anything else we can do for you and have a great day!
Sincerely,
Mike D.
QuiBids Support
Conclusion: I have nothing against the agents OR people working at QuiBids. It is probably in their job description to say “No!” I just hate this Quibids company. They can take my hard earned money and shove it up their unethical-business-model-butt-holes. I suggest that you stay away from them.
I was able to work with big brand company like Intellius, Netflix, Godaddy…. and they issued me my refunds as long as I report to them in timely manner. I am so happy with their customer services and their understandings.
— Here is an email from Intellious to prove it —-
A refund for order number xxx in the amount of xxx has been processed by Intelius.com. You should see the refund posted to your credit card account in 7-10 business days. Your refund will also appear on your My Purchases page at Intelius.com.
If you have any further questions, you may contact customer service at:
Contact Us via Email.
Phone Number: (888) 445-2727
Service Hours: Mon – Fri, 5:00AM – 8:00PM PST
Sincerely,
Intelius Customer Care
http://www.intelius.com
—
Thanks for reading.
Watch the bidders. I have watched as bidders have spent, (if they were legit) 5 to 6 times the original cost of the item. Now who in their right mind would do that, for that matter, what kind of a business would let them do that. Its a shake down, pure and simple. Spend your money elsewhere.
Thanks for the advice
QUIBIDS is scam all the way, when selling $100.00 product for $1000.00, site like this must shutdown
thanks,
AJ
I guess I am looking at the bigger picture as to how much money QuiBids is making. And if you weren’t aware, the clock resets 15 seconds everytime a bid is made.
There is an Apple MacBook Pro 13″ Laptop, thats getting bid on right now, it’s been at 15 seconds for the last 2 hours. Every time some one makes a bit is resets to 15 seconds. This is ridiculous!
I don’t know if I missed this in all these responses, for the LAPTOP that sold for $60.00, this is a penny bid auction. The users pay .060 cents per bid, so there were approximately 6000 bids, QUIBIDS JUST MADE $3600.00 in bids for selling the LAPTOP and advertise the lucky winner got it for only $60.00?
Here is another good one right now! LG 55″ 1080p LCD HDTV Bid up to $99.48 right now. These are .02 cent bids, the bids cost you .060 center per bid. So you take 9748 divided by 2, get you 4,974 bids. So the people bidding on this LG 55″ have already paid QuiBids $2,984 for an TV that retails $1499.00. Does this show how much of a scam this company is…
This company is the best ripoff on the internet. By The way, the people have been bidding on this for 5 hours straight! It’s been resetting to 20 seconds for the last 5 hours! I hope people learn fast!
This is awsome.
item retails price= $500
let say aution price set at $100 to end.
each bid cost $0.60/bid/1cent increament
so $100=10000 cents or bid
do the math $0.60 x 10000bids=$6000 so you make $5500 profit.
Yup the bigger Quibids gets the more money THEY make!!!
I did what was suggested – I read the entire Terms and Conditions at QuiBid. They have a serious error in one section about bidding which starts:
“Bid Packs expire after one six (6) months.”
So, I figured that before I joined I would clarify this error. Good luck. You get in the support queue and as soon as you get to being the next customer you are booted and it says, try again. You try email to support and bingo, booted out again. I can’t even get in to be scammed because I read the Terms and Conditions. Either a bunch of children are running this cash cow, or con men. I dunno, and am not sure it matters. Best of luck!
So you lost money per bid.. this is a ripoff aution. look like a lot of people not aware of this!!!!
Quibids.com is a rip off! They took my credit card number, I placed some bids, won 3, was going back on the next day to bid more, now I can not access my account nor do they respond to the online help. Their system told me there were 8 ahead of me, then 4, then 2, then 1, then they were not available. DO NOT USE QUIBIDS – U WILL LOSE YOUR MONEY!!!!!!!!!!!!!!
Quibids is the big scam. Anybody who can count will be able to multiply one penny by 60 (cost of one bid). So item sold for $10 dollars cost $600, and sold for $100 will cost you $6000, real bargain!
Were is US law! What is doing prosecutor?
USER BEWARE!!! I started with a $27.00 packet won a few more tokens and watched it all just disappear. I bid on an item at one second, watched it go to double zero and the bidding started all over again (what a rip off)!!! Thank goodness I only lost $30.00 before I found out what a BIG SCAM QUIBIDS.COM is, but now everybody and their brother has me e-mail!!!
Someone will catch these people and I do believe what comes around goes around!!! AGAIN, USER BEWARE!!!! It’s a real shame that QUIBIDS.COM is still getting away with this, wish I knew how to stop them!!! By-the-way Jill, I’d quit working for them if I were you, unless you like going down with the ship? How can you guys be so ruthless?
I just spent $45 on Quibids.com. I just realized how stupid I am. It is a gambling site period. Thousands of $$$ spent by people to by items worth tens or a few hundreds of $$$. It is a scam. I signed up on it because of a major TV Broadcast company made it look like a good deal. I can’t remember which one. I think it was NBC. Shame on them. This site should be sued. I am just glad I lost only $45. I am sure some guys are loosing their paycheck on it.
I too saw the NBC (i think)news about quibids and had my cedit card in my hand (IN MY HAND)in a flash and thought to myself,”whoa! slow down there champ…… do a bit more research on this before you go winning all these really awesome deals!!”.There’s one old saying my old man taught me growing up that never fails and if you can remember this it will save you money,maybe your freedom,or even your life if the situation is right”if it’s too good to be true,it IS to good to be true”.Thank God for gut feelings and sites like this.I’m a 10 year ebayer with over 300 transactions (100% pos. f/b).I’m not at all shocked that the main stream news aired Quibids,in fact that should have been a red flag from jumpstreet.Should have my a$$ Kicked for even reaching for my CC before doing more research.Account deactivated 5 minutes ago.Wonder how much Quibids paid “you know who” to run that media piece.No doubt the $$$$$$$$$$ are rolling in.Another old sayin from the my father(a cherokee indian) that comes to mind here “white man speakit wit forkit tung”.
Yes, a $1500 retail computer closes out at $300 and Quibids makes $18,000 !!!!!!!!!!!!!!!!!!!!! SCAMMERS !!!! They definitely have bots that they use . Some of these bots have placed thousands of bets each and would equal almost $100,000 per person ( Bot ) . If this company started out without bots they would be out of business in the first 2 days no matter how much backing they had . Think about it ? When this site first started , the first few people would betting against each other and clean up all there stock in the first day for pennies . No company could handle that kinda hit on a daily basis .So if they don’t use bots now ,due to there huge profit , they surely did in the beginning .
WHAT THE HELL???? I see a macbook for sale. Now climbing through $40.00. Says it retails for $1,258.91. One was recently won for $314.71. This is a 1 cent auction. 31,471 pennies or bids multiplied by .60 each bid = $18,882.60 worth of bids PLUS $314.17 PLUS $14.99 for shipping. Total $19,211.76 for this. Am I missing something here? I’m sure they don’t pay full retail for these items. SCAM!!!!! Nearly $18,000 made on this?
Now I won some cheezy external hardrive and 2-15 bid vouchers and when was about to win something good , a sign popped up and said I can’t win more than 3 items in 24 hrs. Why? I paid for my bids and I should be able to bid on whatever I want when I want. THIS IS A BUNCH OF CRAP !
I watched an Auction for 7 hours and was willing to go all the way to purchase an item knowing the discounted prices on other sites. In the 7th hour the website froze….unable to place bid….then a QuiBids page came up that Auctions were ceased due to heavy use of the Auction site…and that when Auctions resume…time lost will be credited to Auction….Well…with a 10 second timer left on an auction….did not know when it would come on….all the sudden there was a winner…..I was unable to place any bid…. Now I’m out 185.00……Supposedly my case will be reviewed…but I’m sure I’m not the only one that night….. It really is a scheme….making thousands…..
People, this is simple….QuiBids is not a scam. This is nothing more than you people bitching because you didn’t win each auction you were in. It doesn’t matter what they make on an auction as long as good deals are there for bidders and the buyitnow feature is used.
Why is it so hard for you people to understand that it’s not a scam? You can BUY IT NOW and get the price of your item discounted by the amount you bid. If you are too stupid to continue to bid after it has reached retail, then you deserve to lose your money for stupidity. Do some math and look at it instead of whining like a bunch of cows.
P.S. I’m an attorney and this is completely legit. The only iffy thing is if QuiBids should post something saying that this is a gambling site.
A good friend of mine has helped developing the QuiBids.com I have known this friend of mine from High school and now he’s a mutual consultan our firm uses. And for you all you people out there, it is rigged. It is rigged and it is rigged, for the company, by the company and of the company. Although I did end up winning something for a price that is unbelievable as an experiment but my sympathies to all of the people who are falling for it.
I read a lot about quibids and I only say common sense should prevail although common sense isint common. For the record Quibids in my opinion is an ebay wannabe gambling site. Dont believe the hype that people say regarding the site its all part of the allure of getting someting for cheap. Nothing is free in this world.
this is what Jill from quibids said ” At QuiBids, we pride ourselves in being the beacon of moral and ethical business practices in our industry and define success through the creation of long-term, mutually beneficial relationships with our customers. The fact that there are some unscrupulous sites out there that do engage in rigging auctions through the use of bots of shill bidding is unfortunate. Those sites ruin the fun and reputation of all legit sites. That’s why it’s always best to do your research and find sites that give their unbiased insight into the industry.”
If you believe this BS then go ahead and join quibids. Let me tell you the HOOK, The “HOOK” is they get a whole lot of people PAYING to bid on products in an auction style format that DO NOT have a ENDPOINT established!!!! It only ENDS when bidders give up!!! All bidders lose all money spend to bid on products and 1 winner gets the product.
If you want to bid on something I have some Air for sale going to highest bidder……You dont pay for something that should be a free choice.
Ed is an attourney who represent the Legal system. He is the Last person you want to believe because I have never seen an attourney who told the truth. Case in point. If a murderer confesses to his attourney that he did it, his attourney cannot tell anyone because of confidentiality rules and so on. the Attourney still has to defend his client as if he didnt do it. Never the less Ed is Right about the Buy it now… But then this is a legal way for quibids to conduct bussiness because they gave you an options. Its not Quibids fault that a bidder is Stupid!!!!!!!!
Well, I don’t think that it is advertized very transparently. The ad makes it seem like it’s a discount house for items with unbelievable prices. When I did the math to pay for the bids, I realized this was not a discount at all but that in general most people will pay far more for the item than what it’s worth..or pay money to big and not win at all. Very few will, so called, win the lottery as they say.
When someone equated this to a raffle, what they forgot is a raffle is a one time $1 or $5 ..with this you are encourage by the principles it takes to win, to have a lot of bids purchased. So, instead of $5,you’ll be putting in $30 at a time and you have to keep re-upping the $30 in order to continue to have any chance to win.
I think it’s high unfair the way it’s advertized. Advertize it as a gamble and then you are being fair to the consumer.
people who just say they “lost $xx” on bids are simply stupid and keeps on bidding on an item that everyone knows is going to keep going for awhile. Learn to check what the item has been previously ended for.
Example,If you go after a $100 gift card and don’t win?
well, buy it now and the most you’ll lose is the $2.95 shipping/handling fee.
everyone has there own experiances with different sites i just joined QuiBids and have won multiple bid packs for only 10 cents each, and if like some ppl say they use bots then how did i win a brand new Xbox360 Slim for $25.08 and only haveto pay 11.99 for shipping tha xbox is worth 300 dollars plus tax which is basically 8% of actuall price i will gladly send a pic to anyone who doesnt believe me.Yea i probably spent 80 dollars in bids but take 80+25.08(final price)+11.99(shipping)=117.07 but still only about 39%. i joined and won the same day.
QuiBids sucks! Wish I had seen your warning before I bought $48 worth of 60 cent bids. I asked for a refund because the whole promise is you can buy great items for a few dollars. Not ever true. They only offer one or two no name worthless laptop type items and an occasional tv but most the time there are only one or two of these “better items” on the auction at any time so there are a zillion people constantly bidding meaning if the auction ever ends, which I doubt, the winner will have spent hundreds or thousands in 60 cent bids to get it and then pays the additional final bid price for it as well. No way to win here, in my experience or opinion. Steer clear! Also, the site sets off my malware spyware anti-virus program every time.
I think the site is a scam and all, but people shouldn’t be angry at them. It’s actually a pretty good and legal business model that plays off the stupidity of people in general. They might make $13,000 dollars on something profit, that doesn’t mean a single person gave them that. I mean, theoretically you could bid once and win and end up paying just the final cost + .60cents and shipping. People don’t seem to grasp that even when an item reaches $10.00 the site has already made a profit on a lot of things, but they keep bidding anyway, because out of those 1,000 bids it could be 30 people contributing. It’s just a pain in the ass to win those, because people will keep bidding on an item. I think if more people understood what that $10.00 actually was to quibids most items wouldn’t ever get past that amount. That said, I could bid twice and win, you might be the idiot that bid 100 out of 1,000 times and lost.
I hate to tell you this Jill, but the major problem with your site is not the fact that you lose money trying to bid, its when a person bids on an item, wins that item, and then is never sent that item. You are straight stealing from people. I won a measly 25$ gift card from amazon on quibids site. You sent me the email voucher for that card and AMazon said the card is no good. I called Amazon to find out why, they tell me it was refunded to quibids. They said I would have to deal with them on the matter. QUIBIDS JUST LIES to me and says it all Amazons fault and Amazon is trying to fix the problem. Usually when companies dont deliver products they have been paid for its because they are going broke or they are broke? which one is it quibids?
I was very close to joining Quibids, but after watching how the bids were going and the same items being recycled, I said no. It’s unfortunate that so many of you lost money in this scam. Most of the victims are losing $30, $40, $50. In these difficult times that’s real money and if they get 500,000 people to join and lose a few dollars, they are making a killing.
I don’t see how some of these folks posting hear can say it’s legal and they are praying on peoples stupidity. If your stupid or ignorant, I guess it’s okay for you to be duped and ripped off. Please tell all your friends and family about these penny auctions, they should be locked up for taking advantage of hard working people in these tough times.
It seems this is a form of gambling in which your bid is actually a bet that no one else will bid higher, and considering how many people are betting, and the possibility of bots, your odds of winning are almost impossible. As long as the supply of ignorant people is there, the demand for scams will be also. Morality most likely cannot play a role in that equation anymore because all it seems to do is decline steadily no matter what.
I came across their site after seeing a news report about it. What a bunch of crap. Although I imgaine the owners of QuiBids are pretty happy with the money their making.
Quibids is a scam. I spend 100 bucks on “bids” and didn’t win a dang thing after watching “auctions” for days and finally jumping in. All around you see things going for $5 to $20 or whatever, but every time I was in an “auction” the price would go 2-10 times higher than what you would see it selling for throughout the day. If it happened once I would say no big deal but EVERY auction I was in went this way. I think they have people working as fake auctioneers making bids until your money is gone. Who starts the bids anyway and drives the price up? I mean who in their right mind would start bidding at 1 cent for a PS3 and continue to bid? Fake auctioneers is who.
Simple Math… An item which advances by $0.01 (one penny) per bid and gets to $100 had 10,000 bids. Quibids charges $0.60 per bid.
10,000 x $0.60 = $6000
Now, they advertise that an iPad sold recently for ~$260. What’s that?
26,000 x $0.60 = $15,600
That’s a lot a cheddar for an item that retails for $699. For them to advertise that people are getting them for some cheap price is misleading as only one person gets it for the $260 (plus the cost of their bids) and the rest get to pay the remaider of the $15,340.
It seems indistinguishable from gambling to me… except that casinos would never hope to profit 22x or more over retail. Put this way, is anyone thinking of regulation?
Ed
P.S. Who knew math would come in handy in real life?
this is for them, a get real rich real quick scam. theres no time limit on the auctions. ive seen them go on for ever. sooner or later people will see what a scam it is, and go back to ebay, at least u now the time expiration. i hope some one in the federal govt. takes a look at this get rich scam for them.
I agree you spend 27-50-or 130 dollars FOR BID CREDITS! For every bid your using up the more your credits go down, as long people are still bidding you will run out of credits. Which means you spent maybe 27 to 130 dollars on credits getting nothing except a free plane ticket unless there is some hidden fee to that as well.
If you win maybe you can save money but, very few…cheapest credits for bid is 27 dollars…they make money no matter what. Bids is supposed to be free, as long as you have the money to pay for it…when those idiots on tv said they got mac book pro for 4 dollars or whatever, i’m sure he used up 100 something credits worth of bids to get it!
To each us own right…if you can somehow win without anyone bidding best of luck to you…every time a new bidder comes along the time extends! It can last 3 hours or more just like the guy said on the news. So you literally have to sit there to bid on that item and spend more money to get more credits if you run out. Forget about it…play at Dave and Busters if you want to win something. You’ll have fun doing it too! Or tell your cheap as owners of your company to promote you. (that’s what I do.)
Plain and simple, you will NOT win. In my opinion, the beginner bid they have you start out with to win “more bids” is just a way to condition you into thinking that you actually have a chance of winning something of actual value. Not only that but the Quibids company is making a killing off of peoples stupidity. Take the Apple Macbook Pro which is currently bidding for $27. First off, Quibids is ingenious for placing the incremental bid at 1 cent for these most prized goods. The lower the bid the more money they make because people’s maximum spending limits are slower to be reached. Doing the math: .60 cents per bid x 2,700 bids = $1,620. This is the amount of money that the company has earned just from the current bidding. And the bid keeps going up. The house will always earn their money.
anyone notice that the same guy bid over 50 time for a bid auction vaucher (50 bids)? It is not logical for them to spent more than what the item is worth right? you decide if the site is rigged.
quick question… Has anyone ever actually checked their retail price against the actual retail price of the actual companies who manufacture or sell the items?
Example: 16GB Apple iPad wi-fi+3g. Retail for $699 on Apple Store. Price from Quibids: $869
Now, since I am a college student, and I believe that I am a smart person, wouldn’t you say that Quibids is jacking up the price just a little bit? How can they call that retail when its almost $200 over the actual retail price? I hear the word “scam” coming to mind…. Anyone else tend to think so?
Edit.. $629 from apple store.. even worse..
Well, I encourage you all to go and make the decision for yourself. Some of the penny auction sites have no back up plan. Quibids seems to have addressed that.
For example, I bid 1,000 times for a MacBook Pro for $600. If I should lose at auctions end, Quibids offers a buy it now function in which I can apply my $600 in bids to the retail price of the item (which is clearly posted) and buy the same item. So if I was sure I was going to buy a Macbook pro for example, and I see that the retail is 1,479 on quibids while only 1399 at the apple store, I could gamble (bid) and take my chance. Maybe I get lucky and score the macbook pro for $200-$300 (average ending price for that computer based on 3 weeks of watching the auctions) and I commit 1,000 bids or so for $600. If I win, I dropped maybe 900 bucks and picked up a 1400 laptop. If I lose, I apply my $600 bucks and pay the difference. If it’s not for you, don’t do it. But get your facts right before you slam the site and insult the users.
I’d be happy to share my results with anyone interested. I’ve not gotten into the high end items yet but I’ve made a nice run on Blu Ray movies. Got Blind Side, Sherlock Holmes, Alice in Wonderland, Band Of brothers boxed set, Planet Earth, an iced tea maker, Keurig coffee maker, and an Ipod Shuffle for a total investment of 52 total bids or $31.20. The total final prices and shipping have run me approximately $73.00. My total investment is around $105 bucks. Movies are 20 a piece X3 for $60, boxed sets were $50 each for $100 total, and Coffee maker is $185. All of these were things I would have purchased and I got sweet deals. Maybe not everyones results but so far so good.
Buyer beware, Quibids is not a legitimate auction site! It is however a legitimate GAMBLING SITE! Here’s how it works, you purchase bid credits at $0.60 per bid. The “auctions” are usually in $0.01 to $0.02 increments per bid. For example, if you are “bidding” on an Apple Ipad at $0.01 increments, for every bid you place, it costs you $0.60. If the Ipad sells for $40.00, Quibids has earned a staggering $2,400 ($40.00/$0.01 * $0.60)less their cost of the IPad which retails for about $650. In my opinion, this site is a complete scam and I highly recommend avoiding it altogether. It is no different than the “clawscams” one might find at amusement parks or boardwalks.
I tried QuiBids for the first time and learned a few tricks. Only bid on something you are willing to purchase if you don’t win the bid. Check the same items on ebay and Amazon to see what the going rate is. I found most of the items are priced around the same as ebay and Amazon and the shipping rates are lower compared to ebay and Amazon for certain items. Don’t do multiple single bids on many items just to try and be the one and only bidder unless your willing to be present during the final bid. High price ticket items seem to attract the most bidders. Bid during non peak hours. So far I spent $144 on items which includes the, bid cost, item won cost with shipping. The same items would have cost $223 not even including the shipping on Amazon or ebay. Draw your own conclusion.
Shoot those fraudulent PIGS!!!
My friend got all fired up about Quibids, and used a lot of his income tax return in credits. I told him I was very doubtful about winning, but he wanted to try anyway. Well, he lost all his credits, and won nothing. Sucks for him.
I’m sorry, but it’s only a matter of time that this kind of site can survive until 99% of their bidders start catching on that they’re not gaining anything but losing everything!
purchased 27$ in credits, “won” beginner auction for 25, promo code winbig for 10, total of 80 credits, bet once on a 15$ gift card, won, bet the rest away and won nothing =( total spent 31$ (with shipping and what not) total won: 15$, lost like 16 bucks, saves a trip to the casino though
like other say simple math this could be rigged auction which probably is!
example take a video game like super mario galaxy for the wii which just sold for 10.25 now how many 2cent bids would you have to make make to equal 10 bucks well its 500 bids now if each bid costs you 60cents than you multiply 60cents times 500 bids and that gives you 300.00 bucks so on there investment of 60 bucks minus the 300 dllrs. equals 240.00 total quibids profit and that is of course if the other people that bid (being that its real people and not internal rats ) bought the game for the difference of what they bid then quibids will not make no profit! but we all know thats not the case!
STAY AWAY STICK TO EBAY OR CRAIGSLIST OR CASINO GAMBLING OR SOMETHING JUST BE RESPONSIBLE WITH YOUR MONEY DO RESEARCH BEFORE YOU COMMIT!!!
Caveat emptor, pronounced /ˌkævi.ɑːt ˈɛmptɔr/, is Latin for “Let the buyer beware”. But I suppose it should read “let the Bidder beware”
I dont think quibids is a scam because they offer you the option of buying the product if you dont win the auction at retail price minus the bid money that you spent trying to win it.
If you do this then they will have to spend your bid money they made to buy it and give it you for a cheaper price.
Its only when you DONT decide to buy it that they make the money because now they dont need to give it to you for a cheaper price and spend the profits they made.
Of course EVERYONE who participated in the auction has to buy the item, if that happens, then they will not make any profit (they will not lose any money either, they will just break even, sans shipping , processing etc.)
Of course the idea is that not everyone will end up wanting to buy the product and try another auction by buying more bids, etc.. so in the long run, they will slowly profit.
The user would be stupid not to buy it if he/she has lost the auction, otherwise they are just giving away money to Quibids. So in other words, you must go in with the mentality that you are going to buy the product, and hope that you will get it for less, and if not, you will pay regular price, but you will NOT pay more than the value of the items retail price.
This is my logical explanation from observing Quibids and some other penny auctions sites.
ive noticed it seems that the auction site has a automated avatar bidding up the auction so if no one else is bidding on an item but you the avatar kicks in to protect the item from selling to low . who feel the same way >?
As I speak, Quibids is auctioning off an Apple iPad 16GB Wi-Fi.
They list the purchase value at $699. The actual purchase value is only $499.
So let me get this straight.
1. They make an exorbitant amount of money off of the auctioned item.
2. They afford the losing bidders the opportunity to apply the value of their losing bids towards the purchase of the item, but have the audacity to charge them a $200 premium to do so.
Might not be an illegal business model, but it sure seems unethical.
Had the exact same experience as the poster named “mark”. Could set all day and watch stuff sold for almost nothing….pennies! but as soon as I tried to bid on anything it would go through the roof. Also, you are only supposed to be able to win like 3 auctions per day, yet I kept seeing the same bidders (names) in multiple auctions. I know at least one of these won two wal-mart gift cards and a target card within 2 hours and then was seen still bidding on stuff again all day long. Can’t confirm whether he ever one anything else that day. I say Quibids controls the entire auction with bots and only allows wins at prices they choose. It’s worse than a scam. Scams are more obvious.
No, Quibids is not a scam. You just have to be an idiot to bid on anything unless you plan on buying it anyways. People are too stupid to read how the site works, then bitch when they lose money. Are there bots on the site, maybe, I don’t know. Whoever started the site is a genius; pretty much just a slot machine only the house has a built-in limit on what they can lose.
Take for example the Honda Civic that sold for $1,740.78 on the homepage: assuming the bid increments were 1 cent each, Quibids made $104,446.80, minus the actual cost of the car (probably a net of $80,000). The big money I’ve seen on the site are for gift cards.
Poor people wonder why they are poor.
i can also confirm what other posters posted here
i watched auctions on gift cards and didnt bid then when i decided to bid it was bid up 10 x the value than the ones i didnt bid on. STAY AWAY
Yes!!!! It’s a scam!!! There are automatic bidders in place to bid against you on any product you bid on. When you see that a ipad sold for $22.03 that’s the luring process, to get you to bid (at $.60 a bid)on a item that they know you are going to win for nothing less than the going retail price. As for the faces of people they have on their web site claiming they won this or that for a few dollars, they are employees of Quibids. They are hired to take a picture with a product (they didn’t win) only to fool you into think you can have a chance of winning something they never even bided on. So do I think it’s a Scam? YES. Please don’t let scams like this swindle you out of hard earned money.
The best thing to watch is how quibids bots bid on the 15 or 25 bidding vouchers. They didnt realize that if people counted the times the bits bid on the voucher you can sometime count 50 bids to win a 15 bid voucher i mean get real who on earth will throw away 50 bids to win 15 dont believe me? go to their site and start counting
It is a scam. The BBB should be contacted, The BIN feature is the only way you can get something out of it. I bought an xbox 360 4GB for my original 48 dollars and another 171.99. plus 14.99 shipping for grand total of 234.99. I guess not a bad price. I am gonna try and sell it on Ebay for 250 or so.
I’ve read everyone’s complaint and can say that I don’t agree that it is a scam, but it is very much similar to gambling. If you plan to purchase the item anyway and take a shot at gaining the item for a really good price, then I would say go for it. Unlike gambling at a casino where the money you bet is lost forever if you don’t win, QuiBids allows you to apply your lost bets towards the listed retail price of the item and so you have not really lost anything. They may list the retail higher then some discount online store, but you should consider this before you attempt to gain the prise for a discount on this site. It is very time consuming and you must pay attention to the timer if you want to continue betting to gain it cheaper then retail. I just started this month and in my first two days playing I won a $150 pair of sunglasses for 14 cents plus shipping and handling for a total of aprox $9. I also won a $57 water pic for 4 cents plus shipping and handling for a total of around $8. Also a serge protected power strip for my computer system for a total with shipping for $5. These are all things that I was looking to buy anyway and I feel that I have done very good on this site so far. I’m careful in my bets and only bet on things that I truely was wanting to buy anyway. I have not had 100% success to be honest and actually have used the pay for item when I had lost to apply my bids towards the retail. I do have a complaint similar to many here about the timers. I’ve noticed on several occasions the item jumping from as much as 9 seconds to SOLD! In another event I was bidding on a HD TV and the timer was at 5 sec…at this moment QuiBids system crashed and stalled all betting on the whole system until they reboot their system. When the system rebooted, this TV came back as SOLD for $31 plus about $33 in the winner’s bids…So this lucky bidder got a $1,200 TV for aprox $64+ shipping. I lost aprox $20 because of their glitch. QuiBids needs a system in place to credit these lost bids when their system glitches. Other then these times, I’m still happy with my discounts on the other items and still money ahead… 😉
this is a real scam, they make a lot of profit on product that people bid on Quibid website. Total cost of people bid are more than triple of the product price, and you don’t know who are the real bidder. They can set up the program to fill in the fake bidder to raise up the price and they make money on every bid that people made. Stay away from this website.
We really need to be careful when we toss out the word ‘scam’ in regards to QuiBids. If it were not for the Buy It Now option, I would probably agree with the scam usage. Having said that … I personally, while visiting QuiBids in research for an article on them, witnessed three consistent bidders and a fourth random bidder go for three plus hours on a single item. I am left wondering two things: 1) How many people in their right mind have the patient to sit for over three hours bidding on something, and 2) I had the uneasy feeling that the entire process is just plain spammy.
Proceed at your own risk with this site.
The site is great if you’re just smart about it,yes,some of the auctions (if not most) are set up to scam the masses out of their hard earned cash like the auctions about buying more bids…….I mean c’mon,wtf,really?,and if you think that they’re aren’t bots on there driving up the price on auctions then you’re just naive.
In any case,if you do decide to drop hundreds of dollars on quibids,just be more responsible with the bids you do purchase,no one says you have to use them all on 1 item up for auction,just watch all the auctions closely and use the auto-bid function responsibly and I’m sure with enough time,dedication and a big enough bankroll you’ll eventually get a $200 item for $75-$100 depending on how much you give quibids.
Yea, They got me too! Spent a grand total of $29 for bids and transfer fee of $2 for the 25 bids that they let me win so that I can keep biding. The problem that I have with Quibids, is not that it is a pure money making scam. It’s that I didn’t think of it first (just kidding) I do find it a shame that ther are people cruel enough to say “let’s come up with a way to give people the illusion that they can win a $700.00 ipad for $11.67” but then again people have the right to make the own choice of how they spend their money. Like some of the other comments (do the math) it’s not hard to figure out that these guys are making a huge profit off every item. Plain a simple it’s a scam! but for people they have to find out the hard way, I did. Play at your own risk.
Who ever came out with idea is a freaking genius:
Just saw a item on there a 50 inch plazma, cost $1700. Each bid increase the auction price .02c. Currently the auction price is at $195.
Lets do the math:
$195 / .02c = 9750…thats 9750 bids!!! Those bids cost money to purchase!
9750 / 800 (Ultimate bid pack @ $480)= 12.19 pack @ $480 a piece = $5851
So collectively, all the bidders paid almost $6000 for a $1700 tv.
F***ING BRILLIANT!!!
No, you can’t call it a scam or fraud because everything they’re doing is right under your nose. People can see it and chose to make millionairs of these guys anyway. Unless, however,–and the possibility does exist–the opperators of this site are shilling the bids themselves. Their own bidders are running the cost of the item up. Perhaps they’re even winning the item. So, they’re collecting thousands of dollars in bids and credits on an item that doesn’t exist. They don’t have to buy it or ship it to anyone. I’m not saying this is what they are up to, but we should all consider the potential for it. Then you’d have a scam for sure.
It’s door to door pyramid scheme sales scam. Larry Shy is the owner of the company Shy Enterprises. Amazing they’re still in business.
Legal cases and Better business bureau cases galore – 717 W Ellsworth Rd Ann Arbor, MI 48108-3320
(734) 389-0909
Well so far I have spent $200 on Quibids and Beezid (The $200 that I have spent includes all costs, Bids + winning price +shipping). I have won a $800 TV, a $50 Leatherman. a $110 pair of Oakleys.
I work out of my home and find it amusing and worth it to play on these sites.
It may not be a scam, but it is gambling. I would consider it a scam if they have “fake bidders” out there but I have heard no evidence of that.
It is definitely gambling. You are risking some money to possibly win more. Like all form of gambling, it is addicting. So it is NOT for the weak minded. If you really think you are going to win an iPad, you probably also buy lottery tickets.
The Buy-it-Now feature legitimizes this website to me. Consider the gift-card auctions. You pay $50 in bids. You attempt to win a $50 gift card. Only two things happen: you win it for less (YEA!!) or you lose and are offered the chance to buy it for the $50 you invested (plus a $2 handling fee). You took a chance to win and either won or lost $2. That is gambling. Now if for some reason, you lose the auction and decide NOT to buy the gift card, then you are a fool. Go back to the lottery.
I would also consider it a scan if they did not deliver the product, I have won 8 items this month and every item I won, i received promptly through the mail.
Just because the owners are getting filthy rich and taking advantage of the weak minds of gamblers, don’t call it a scam. It’s just an internet casino.
ANOTHER WARNING:
There is another aspect to this site that IS NOT explained to the bidder. People need to know that Quibid cuts off the bidding after a certain number of bids are made. There may still be people committed to continue their bidding, but if the predetermined, allotted number of bids have been place on an item (e.g. 500 bids) … in other words, the 500 bid-limit has been reached, then Quidbid locks all bidders out of any further bidding. .. all bid money credits are then taken by Quibid and all those bidders walk away empty handed.
Do you remember the scam with the poker sites? where the guy that created the site sold it and then made millions by knowing other people’s hands because he had kept some software to have access to other people’s hands? So he would always bet and win? Well He couldn’t be prosecuted because the site is based in another country, He now lives in Vegas and lives a comfortable life enjoying his more than 50 millions he made robbing people.
Well this is the same way.
They deffinately have people bidding for their items to start with.
I signed up and was stupid enought not to read their rules, so they took $48.00 out of my account right away.
I asked for my money back and found out is not refundable.
Now, every time I commited to try to win an article someone else would outbid me, Funny thing is the same article sold before a few times for a lot less, I mean that article sold before for 2.20 or 2.60 and when I tried to get it,along with other people, I guess, it went all the way up to 8.95, well 2 hours after the same article went on auction again and guess what I didn’t bid and I guess nobody else did, because it only sold for .60 cts.
I was stupid enough to get robbed by these scamers, so if you read this and still go waist your money there I guess you will be the biggest Idiot.
I don’t recomend any other sites or anything I am just warning you so you don’t get scammed out of your money.
Good Luck.
Point proven: I recently signed up just as an experiment. Deposited $60 for 100 bids. I won my first Auction which was a bid for 25 more bids. My bid was only .5¢. There was a $2 transaction fee for that .5$ purchase which bought the total to $2.05. If I actually purchased a product I might have had to pay tax on top of that as well (depending on which state I’m in. So far so good. I’ve now spent $62.05 non refundable. And nothing in hand as yet, except for bids. My next 3 auctions are an attempt to get some of that money back. I’ve purchased Wallmart Giftcards in each of the 3.
In each of the next 3 auctions I bid quickly to see what would happen, it’s as if there was a computer bidding against me. In my first auction I started slowly waiting for the clock to reach 5 seconds and placed my bid. that went on for a few minutes, then I went through 15 bids rapidly (in the span of 6 seconds) each time I was outbid by the same person, then I stopped. and the the auction was over even with 23 bidders still in the game the clock ran out and I lost. No biggie, I’ll just purchase the $100 gift card. I placed 58 bids and was able to purchase the $100 gift card at $82.69 with the shipping and transaction fee. so at least $104.99 for the $100 gift card.
I purchased 2 more Walmart $15 gift cards after losing my next two auctions and lots of time. In the end I spent a total of $151.12 and walked away with $130.00 worth of gift cards. I lose.
Okay I have been reading some of these comments relating to how the government needs to regulate this business because it is a scam. Honestly, I don’t think these kinds of businesses need to be regulated at all and I don’t know why you people think it should. First of all it’s a business like any other that just came up with an innovative and clever way to make money. Second,if people want to keep bidding on the stuff on those websites then let them beause I dont see a reason why they shouldn’t it’s their choice to blow their money like that. If the government started regulating stuff like this, you might as well have the government when you can wipe your ass because if people are stupid enough to keep bidding after they have lost so much, let them its not the businesses fault. It’s like this old saying I heard when I was kid “fool me one, shame on you. Fool me twice, shame on me. “
I’ve read all these comments and find it truly amazing that there are still people willing to throw their money away. I’m glad I read this article, because I was just about to “try” it for the first time. If nothing else, do research the “Shy Enterprises” and you will think TWICE about getting involved with anything he promotes. By the way, I am selling some powder water really cheap. It has no expiration date and very light to carry. Anyone interested call me 867 5309…Ask for Jenny.
So what if its a gamble, don’t hate the player hate the game. I won a Sony PlayStation 3 320GB Move Bundle and it cost me $6.00 in bids and $34.26 cash. Cha-Ching…. Christmas present for the kids and I didn’t even break the bank.
By the way, I do believe you can only apply your spent credits on an item up to 25% of its suggested value/price. Once again, be willing to spend full price for the item or just dont bid. People who have paid their dues with a lot of time on the site know how to take advantage of the numbers and bidders on a particular item. Do it for fun and be willing to pay the reg price or just stay away.
You all can have any opinion you want. If you play it smart and watch without bidding like crazy you can win some nice stuff for ridiculous prices with all of our bids and total cost we are paying 15% on retail. If you are stupid expect to get duped because you will.
I have been involved with several different penny auction sites and have won many items. Are they a scam? No I don’t believe so. Have you ever purchased raffle tickets in the hope to win an item? Is this a scam? I don’t think so. So, if you think the places are scams in my opinion you are someone that got burnt at an auction because they couldn’t control themselves. I will continue using penny auction sites as so far I am well ahead.
I have won 8 items on QuiBid with a retail totaling $918.56. I paid $592.01 out of pocket for bids, price paid and shipping. It is possible to come out ahead of the game if you are will to pay full price for the item if you don’t win it. The problem I have with Quibids now is that some of the item i have won are on back order. Imagine that! They are auctioning off items that are not even in stock.
I’ve watched the auctions they have and like other people on this blog when ever I participated in an auction the price would be bid up 10 times higher than the auctions before. The reason I think this happens is because Quibids employees are also bidding on the items in order to keep the auction going for hours and make the auction seem competitive. The truth is there is really no way to know who you are bidding against. And you may be bidding against a Quibid planted bidder. Think about it. After the auction is all said and done if their planted bidder wins the auction they got you’re money from the bids and they don’t have to pay the product to anyone. I repeat you don’t know who you are bidding against.
This is not a scam. Its a genius business idea! The author does have one good point though. If you’re not prepared to pay at least 75% of the retail price, dont get involved. I say if youre not prepared to pay full price dont get involved. I have been taking some statistics on the ipad auctions and all the winners save at least 30%. So I would not consider this a scam. You just have to be prepared to pay and dont look for an easy win. They also give the option to use your bid toward the total retail price to buy the item out right, that way you dont totally lose all your bid money.
It’s not about it being a scam as he states, “Now personally i don’t think Quibids.com is a scam but at the same time I don’t recommend you join them.” Its about loosing money, yes you save a good 25% but that’s ONLY if you win. If you loose, you loose what ever you’ve put up, which at the action end is probably more than 50%. So if you have 75% of the cost saved up just save up a little more and buy it at retail elsewhere, i know that’s a hard concept for most.