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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Quibids is not a scam but it is a from of gambling. Consider that for every $1.00 that the bidding increases, the “house” makes $60.00. You can try to time your bidding to get in at the very end, but since the house resets the timer with each new bid, you’re bid is really nothing more than a gamble. You have no idea how many more people are “lurking” (b/c it’s the internet), and so you have no idea how many more bids might come in, how many other people are out there also trying to time their bids for what they think is the end. The structure of the game resembles an auction and so it leads you to believe that there’s more skill involved than there actually is. In reality, it’s about luck and you being willing to actually pay for that so-called luck.
Quibids is a big FRAUD! They shot down my bids as i got close to the end of bidding after several hours. I have found that they preselect winners.
THATS TERRIBLE!!! I WILL NEVER TRY IT THEN!!!
I CAME THIS CLOSE TO SIGNING UP. THANKS TO YOU GUYS I’M NOT. GUESS I’LL JUST HAVE TO SAVE UP AND BUY WHAT I NEED.
Not a scam people, I played for the first time tonight 10/24/10, and I won 🙂 .
I won Kalorik Black Jug Kettle value 39.95 and got it for
Item Price: $0.03 – my winning bid..so much for bots lol. 1.20 cost me
Tax: $0.00
Handling: $5.99
Total Amount: $6.02 – plus my 2 bids (someone else bid once only) brings me to 7.22 I was very happy.
The next item was a Black & Decker Cordless Screwdriver.
Item Price: $0.16 – winning bid 8 bids for me 4.80
Tax: $0.00
Handling: $7.99
Total Amount: $8.15 – plus the 4.80 for bids puts me at 12.95 ads for 19.95 but you can get them for 15.00….I did not get as good of a deal as the last one but hey I still got it for cheaper than I would have in the stores.
The key is you have to be smart and bid wisely. I did not win on every item but I am still way far in the plus$$$ and NOT negative so I like it. If you don’t intend on buying one then don’t bid.
The QuiBids makes alot of money yes, but for the lucky ones like me I love it and I will bid more. As far as being gambling? Come on casinos have the odds and make millions and can even kick you out if you find away to beat there system and you cant do anything about it….at least here you have a great chance to win big. Plus it this site is gambling then every auction house in america is one to right? get real!
For my first shot I am pretty happy with this site. No scam just they have a good system is all.
Quibids is a very smart company or scam !!!! This is an auction where it cost $.60 per bid to win a great items. I spent 20hours on an Apple Macbook that sold for over $255.00 and I DID NOT WIN. Here is the BIG picture: they made over $18,000 dollars for a $1,400 laptop (25,500 bids X .60 = 0ver $18,000). Few hours later another Macbook SOLD for $3.43. WOW !!!!!! BEST OF LUCK !!!!!!
Agreed.It’s a scam and definately rigged.
We all must band together to defeat quibid system. If YOUR FELLOW PERSON ALREADY BID ON AN ITEM PLEASE do not bid on that item, go to the next item of same value and bid on it, so next person will see your bid and go away from it.
Sounds reasonable to beat Quibid system?
Relay this message all over America and we all will be the winners!!!
Remember, Quibids knows the greedy America and takes advantage of it!!!
It is not an auction, period. It is just a way for the organizer to make money and this scam has been around for hundreds of years, but keeps on getting new recruits.
The facts are this:
You CAN get a good deal on quibids if you have,
1: TIME
2: True need or desire for a particular item
3: ENOUGH BID TOKENS.
Key factor, is, enough bid tokens which by the way cost $0.60 ea.
So, every bit in a penny auction really costs 60 cents.
Many of the items are bid incremented at 1 cent. That means an item worth $200.00, that sells for say $10.00 resulted in ONE-THOUSAND actual bids.
Do the math.
Quibids sold a $200 item (retail value by the way).
They received SIX-HUNDRED dollars from all the bidders, in pre-paid bid tokens. Remember each bid you make costs $.60 regardless if you win or not.
So this is a HUGE profit model for quibids, and ONE lucky person will score a great deal on a 200 dollar item.
IF you are willing to gamble, this is exactly what you are doing on this site. I am actually surprised it hasn’t been shut down yet.
With Quibids, you will usually need a lot of time to “manage” your desired auction and also you have to remember that most people who are new at this will pay $60.00 for 100 bids in advance. One hundred bids in a penny auction is ONLY ONE dollar in value that you control in that auction.
Make sense? You could bid yourself out of an item by the time it reaches 10 dollars (if 10 other people are also bidding all thier tokens).
It can be fun and a challenge to win an auction. I’ve won a few 50-100 dollar items for very little token and cash outlay, but the big stuff takes a lot of time, skill, LUCK, and money to win. If you do though, it can be a nice prize. And a prize it is.
Finally, as long as you are willing to pay FULL retail for an item, you don’t have to be a loser. You are given the option of purchasing the item at Full retail MINUS your bids tokens made, ie, You bid 20 times (value of $12) and the item is valued at 50, you would then pay 50-12, or $38.00.
Great. Of course that same item is selling on ebay or amazon for $35.00.
Know what you are buying and the value, and consider quibids as a challenge or fun thing to do, (like poker or any other gambling) and you just may hit a winner.
One of the great things about internet sites is the ability to do a Google search for “review XYZ” in order to find sites with user comments regarding the subject product or service. That’s really helpful when you don’t know squat, or know less than you’d like to. Thanks to all for the QuiBid info…..I think I’ll stay away and get my deals from other places.
Swipeauctions is total scam. I joined a month ago wasted $200 buying bids, won nothing but bid packs and then they informed us that the site is shutting down. Total ripoff
I was stupid, I was looking at Black Friday ads, not sure how I got to QuiBids. Not reading enough info I put in my info and the next thing I know is I have 80 bid credits for $48.00. Went immediately to contact us, yea right, no one available. They will get no more of my money.
Quibids is a scam. I have used the service for months and as soon as i won something of value, they never delivered it. they gave excuse after excuse and never delivered. I too feel its rigged and a pure waste of money. Be a smart consumer and stay away from this business.
Scam – Yes. The scam part if if you decide after registering you want to cancel — they got ya.
Been trying to cancel and get refund since Sept 27, the day I registered, and have been continually been given the runaround, delays, required resubmission of forms, no telephone customer service support, only chat, with little support or assistance. Now after six weeks, here is the conversation:
Me: checking on refund status and confirmation of cancellation of account. [email protected]
Sam#SA7944: SwipeAuctions is winding down operations due to merchant shutting down our processing and is no longer accepting new customers. In addition, SwipeAuctions is unable to issue any refunds for membership fees (see the SwipeAuctions Terms & Conditions). During SwipeAuctions wind down period, all products corresponding to already paid winning auctions will be shipped in accordance with the Terms & Conditions.
Me: I’ve been trying to get this refund since Sept 27th, and continually get strung along…..
Sam#SA7944: I sincerely apologize, but I have no further details to provide to you at this time. As a livechat agent, I have not been fully informed of all the details behind the shutdown. Therefore; I am simply unable to assist you with any further information.
Me: so basically you’re going out of business?
Sam#SA7944: Yes.
Don’t give them any more of your money, you may need to cancel credit cards etc at this point.
IT is NOT a scam! I won 50.00 tonight after only 1 bid on two items and won the gift card for 0.12 cents and another for 0.18 cents plus the 1.00 fee so after less than 4.00 i won 50.00 very cool you have to be smart enough to follow the rules andunderstand how to play it is not like ebay where the last second you win as if someone else bids then ..well going once going twice and third chance yet another bid just like a real live auction someone can bid adding a few more seconds for another top bidder, also each person can only Win 3 bids in 24hrs so it improves the chances of your winning.
Smart bisiness in the sence that if you win then you get an item at the fraction of cost and those that bid on the item helped you pay for it, thus the full price is paid to the owners of site but you get the winnings.
It is the Biggest scam ever. Some people can not see it. you will Never really WIN! what you save Today quibids will take it from you tomorrow. you have better Luck Playing a slot machine which = Quibids. that’s what quibids is a slot machine and will get you hooked on advertisement. my Advice stick to real auctions. quibids is not an auction site. Why? because live auctions do not take away your money before you win. Live Auctions do not Take your money if if you don’t win the auctioned item. Plain and simple. My Advice Stay away from them. it is the same tree over and over. They come with different Name scam everyone and they disappear.
THIS IS THE BIGGEST SCAM I HAVE EVER SEEN. DO NOT GO THERE, DO NOT GO THERE,
DONOT GOT THERE.YOU MAY WIN BUT YOU HAVE A BETTER CHANCE ON EBAY. SCAM ACAM SCAM SCAM. SAVE YOUR MONEY. REPORT THIS TO BBB
Quibids is NOT A SCAM. All of these people talk about how they take your money and never deliver your goods and everything else. I started on the website last week and have already won an ipad for 315 $ (500 bids and the final selling price was 15$) I received my ipad yesterday and resold it on ebay for 512 $ which is nearly a 200 $ profit!
You have to be smart and not waste your bids in the beginning, but it is in no way a scam!
For all of the people out there that are saying they make a stupid about of profit on every item, you should reconsider that too. In their TOS they talk about daily profit and state that they make between 5-10 % / day. If you don’t believe that then go look at their listings. There are two ipads that have recently been ended, one selling for 1.38 (138 bids) and one selling for 8.50 (850 bids) So the first ipad they lost at least 300 $ on and the second one they probably made about 300 on.
Just be smart about your money and don’t expect to get something extremely cheap everytime!
btw, usa consumer reviews just did a review on them as well,
everyone don’t go to Quibids. bidded a Garmin Nuvi 855, and lost the bid, then I Buy It Now option. If I calculated out, it cost me more than to buy one in other website. That’s not the problem. The problem is they sent Garmin Nuvi 255W model for me (which is lower model-cheaper). Then I sent email to complaint. what they answer is this:
“Erik, Nov 11 04:28 pm (CST):
Hi
We have contacted the vendor regarding the issue with your order. Please allow up to a week to resolve this issue. Once we have a response we will contact you with all available information.
Thank you for your patience and have a great day!
Sincerely,
QuiBids Customer Support”
Now I don’t know what to do with this old model GPS now. :((
DON’T BID IN QUIBIDS.COM “it’s suck!!”
I think its a scam, yes I have won a couple low bid items, I also think they let new customers win a couple low items first, but after spensing hundred to win the bigger items like ipad, there is no end to the bidding, you end up having to buy the item since you already spend soo much. scam scam scam
THIS IS A NEW FORM OF GAMBLING…. The more poeple get involved the more you bid. The more you bid, the more bids you gotta buy. You may have gotten lucky when this website first published, but with time and I already see it, there will be thousands of people bidding on the same thing and people will agree that it’s almost like playing the nickel slot machines, as long as people are illusioned and get a small prize for pennies, they’ll keep sitting on their chair and keep feeding the slot machine, I mean keep bidding.
THIS IS A NEW FORM OF GAMBLING….this is like playing the nickel slot machines but legal. As long as people are illusioned of WINNING a small prize for pennies, they’ll keep sitting on their chair(HOPING TO WIN THE BIG PRIZE)and keep feeding the slot machine, I mean, keep bidding. This is the new FIVE STAR form of entertainment.
This is a portion of one of the many email that I sent to this company: “… Your company is a “gambling” website disguised as a “live auction.” You stated in a previous email that your company is “Transparent.” That is not true. You say that people win an auction for a small price but you don’t disclose what they have to spend to get the item, which may be a 100 times more than the winning bid when all the purchased bids are added in. What a scam! Eventually you will be involved in a class-action lawsuit if not prosecuted by the attorney general of each state. Shame on you for what you are doing to people who actually think that it is “win-win” situation; as you describe it that way on your website. You claim that if a bidder doesn’t win an auction that they will be able to “buy it now” with their purchased bids so that they won’t lose anything; yet you sell worthless bids. Your website is fraudulent and deceptive…”
i was wondering if any one knows if qui bids sends out there gift cards un activated? i am new to qui bids i have either won or buy it now quite a few gift cards this week. i recived 3 cards in the mail yesterday 25 walmart 15 subway 10 ruby tuesdays they all were mailed sepratly. i tried to use the walmart card yesterday, and guess what its not even activated? so i went home and called the #s on the back of the cards, the 15.00 subway card is not activated either any know anything about this ??
I tried Quibids and regretted it. The first time I tried it I hated but figured I did not like it because I was new to it so I decided to give Quibids one more try. What a mistake! You will regret messing with them! Here is an example of how Quibids works; you might win a $100 gift card for $25.00; but it is possible that you paid $45.00 in bids just to win. Then there is another $5.00 for processing. You have just spent $75 to get $100 (if you are lucky enough to win it). Because the bid increments are in a penny or two pennies, for you to reach $25 then a lot of people lost a little money or a few people lost a lot of money. You have been warned. Stay away from QUIBIDS!
just my 2 cents:
if it’s not a scam, it would be very easy to turn it into one if profits were down. ad a few bots or pay your employees to make random bids. If the bot or employee wins you made money and don’t have to ship anything, if a real person wins they paid more than they would have normally.
Also, I wouldn’t start scamming people right away, I’d get into the news with everyone making killer deals first, and make sure some killer deals continue.
I almost signed up out of curiosity, not for bidding immediately. But before I did tell them my DOB etc I decided to look at the first review link from Google which brought me to this one. Good job. My curiosity disappeared and I closed the browser. Thanks.
Unfortntly for me I made tha mistake of signing up for the Quibids website and got irritated with its biddin BS within two days. I just signed up Nov 13..and want to cancel my account today NOW…I want to make sure that the 62 remaining purchased bids I have will be credited back into myy account when I cancel my account. Can anyone tell me how do I go about that? will my account be refunded? Shld I cancel my debit card? Or should I take these fukers STRAIGHT to the MEDIA and ruin there SO called repuatation..becuase I dont tolerate BS!!!!!! PLease let me know ASAP plz
you can tell the people in this feedback who work for the company. They all give you the math of what they paid on what item and how much they saved and how happy they are to be americans. jerk=offs. But the deception is “I won this computer for $12.00” but when you try to win it you should be prepared to pay almost 75% of the actually cost plus shipping and a finger up your butt.
oh and remember you have to be smart and bid wisely….buddha says you don’t need it anyways
Oh, Quibids is a scam alright. You will be allowed to win a couple of cheesy items, in fact, they even advise you to bid on “smaller” items to start. Then when you start bidding on more desirable items, you’ll find that you won’t win. And they WILL NOT respond to emails.
I suspect the feds will get involved with this one.
And another thing… do you think real people actually send in their pictures with them snuggling up to their prize? Get real, you can’t even get these crooks to answer an email….
I signed up (unfortunately) to QuiBids BEFORE I read this. Yes, the BBB should check them out ans shut them down. People are being duped into believing they are only bidding a penny ($0.01) per bid when it is actually 60 cents per “penny” bid. I see (an Example) a $200.00 Lowes Gift Card go to the winner for $7.00! That is 700 bids x $0.60 cents a bid = $420.00 for a $200.00 Gift Card. Sure, the winner says,……I only paid $7.00 and may have bid 40 times of the 700, but, again as the author said, EVERYONE PAYS. As said, in a REAL Auction, the lower bidder pays nothing. In QuiBids, ALL bidders are paying $0.60 cents per bid regardless if it’s a 1, 2, 5, or 10 cent auction. They are all worth $0.60 cents each. Okay, yeah, I won 4 auctions for very little and QuiBids didn’t make their money. My first 4 auctions. They hooked me, after that, I found myself not winning, bidding high, and, I am sure they have Schill Bidders in there driving up the price. When QuiBids say they only make 10%-15% I now say BS! They have to easily be making more than 200% or way more. And, I cannot believe Oprah Winfrey endorsed QuiBids. In fact I should contact her agent. She would probably file suit. As for the rest of us, we should get on Facebook, MySpace, and Twitter and pass the word about Quibids. At least when I used to go to UBid.com, I was bidding against others and paid at the end. If I didn’t win,…….cost me nothing. However; I caught Schill bidders on their site and contacted their headquarters in a Chicago suburb, and, told them it better stop. It did for awhile. I mainly caught them doing it on SONY desktops, because that is what I wanted. Guess what, they don’t carry SONY CPUs anymore. Power to the people. I see a Class Action lawsuit in QuiBids future.
you could be bidding against a quibid bot and you will never know.
No matter how much $ you are betting, they can easily have a program or bot to keep raising the bid to make you give up.
Not sure if it is a scam, but it seems likely that if an item is still such a great deal bidding will continue until it is not such a great deal. In th mean time Quibids makes all the money at .60 per bid
Listen to yourselves seeking justification to remain in denial. Quickscam is a Scam. It IS Rigged. why pay a guy millions to save you a couple bucks. go back to ebay and place a bid there.
THIS SIGHT WAS THE FASTEST SCAM SIGHT I HAVE EVER SEEN. I DID IT ONCE AND WILL NEVER, NEVER, NEVER DO IT AGAIN!!!!!!
The website does not need to be a scam to make money. It relies on human greed. There might be an LCD TV with “MSRP” of $1500. (One could likely get the same TV locally for $999.) With a penny auction, I have seen 50000-60000 bids for such a TV. That would be over $30,000 made in bids on a $1500 item. Individual bidders think they are getting a $1500 TV for $500-$600, what a great deal! It is a gambling type activity. I think some of the bidders are heading for addiction. Of course there are a few who get good deal, just like there are some who hit it big on a slot machine. If you are not willing to pay the overpriced MSRP when you loose, you should not participate in any auctions like QUIBIDS.
On a serious note I spent $48 on bids. I won a $25 gift card to home depot and a $10 gift card to walmart. Both were very exciting wins at the time but then I realized that I spent $48 for the cards and now I have to spend $4 in shipping to get the cards. really I am down $17. Did it feel good at the time? Yes, but now Im willing to sell my gift cards for half price. Any takers?
Thanks
just being honest. 🙂 haha save yourself some time and money stay away from Quibids
Quibids….NEVER AGAIN!! WHAT A RIP OFF!!! BE SURE TO READ EVERY DETAIL BEFORE YOU “GIVE” THEM YOUR MONEY. The chances of winner are a GAZILLION TO 0.
Alot of the penny auctions come from the same source, Check it out, QuiBids, Bidmacs, swipeauctions have or had the same form, method and page layout to get your personal and financial information! I almost signed up for Bidmac but decided to checkout the reviews but found little outside info on it, ended up on the QuiBids page which runs a very similar bidding system but with a different look and when I got the open an account page I found it was the exact same page layout as Bidmac! I haven’t done alot of research into them, maybe some of you guys knew about it but I would not waste anymore time reading the really fine print on the privacy policy to find out they belong to the same group!
Definitely a scam -lost $48 in less than 1/2 hour and did not come CLOSE to winning anything !!!!!!!!!
After signing up and spending $60 on bids I won two low ticket items quickly. This boosted my confidence in the site but everything went downhill from there. Subsequently I have bid on a number of items and have never won. On many, I was prepared to bid all the way but the clock expired before the auction hit 1 second. I complained to customer service (Mike) who admitted they do not have control of when an auction might end because of “internet lag”. I am happy to copy and paste his emails here if anyone is interested. The bottom line is their platform is flawed. The most critical element of their auctions is the clock and, by their own admission, they cannot control the clock outside their internal system. This is tantamount to FRAUD!
November 2nd, 2010 at 11:06 AM
Marlene Bauman
I was stupid, I was looking at Black Friday ads, not sure how I got to QuiBids. Not reading enough info I put in my info and the next thing I know is I have 80 bid credits for $48.00. Went immediately to contact us, yea right, no one available. They will get no more of my money.
Same thing happened to me and at about the same time as it happened to you! I immediately called the 800 # to my bank, (I used my Master Card, via my bank) and told them “I think I just signed up for one of those on-line scam sights, aka QuiBids! They took money out of my account without my permission,(said it was free to sign up with them), but then charged my card $48.00 immediately!”
That said, my bank then immediately deactivated my card and issued me a new one with a different number on it and told me to go physically to my bank branch and fill out a affidavit stating what happened … so I did! It is under investigation now. I will soon know if the $48.00 charge (unauthorized by me) will be taken off my account! I think everyone that has been duped by businesses like these should complain to BBB, and do a class action suite against such business practices.
gambling gambling gambling. and some people will be suckered into gambling.
to:”any winner” –the lucky person — well look behind ya, and see who is smiling – just like the casinos, they are happy to let Joe public have a little to pull in more suckers.
It is A Scam!!
They are here to make money out of other bidders mistakes. Did you realize the the home page refreshes and auction items replace themselves on different locations on the page every few seconds? As a result people accidentally bid on the wrong item. Most people don’t make a big deal of it since it’s just 60 cents. Would you believe how many thousands of such mistakes occur daily?
Lost $48.00 immediately and before I knew I spend $48.00 I had aleady opted out of the program
To: abslt2009
They send You an activation letter with the card, to tell You how to activate it within 14 days. They won’t send activated cards in the mail. You have to do that (with the instructions) when You get the cards. Hope this helps
Well so far I have spent $100 on Quibids and Beezid I have won a $600 TV, a $50 Leatherman.
I work out of my home and find it amusing and worth it to play on these sites.
Thank you so much for the insightful information. It’s really true what they say… if it looks too good to be true, it probably is. Thanks again!
I also somehow ended up at their site when doing my annual black friday research. Thank God I googled ‘QuiBids Promo Code’ and found this page! I almost gave them my card info. I am usually a very skeptical person, and now I will continue to be. I guess the news story and the Oprah endorsements brought my guard down. But after Good Morning America gave out a website that referred a scammy business into my inbox and I almost fell for it, I know that the media no longer does background work on many of their stories. I somehow let my guard down every couple years and kick myself in the butt after. Almost happened again. Guess I am getting older and wiser. Haha!
Well – I feel like a fool. It cost me 45$ to find out this was a scam!
And then I found this website. Don’t do it!!!!!
They got me for $50, guess I’ll be wiser in the future.
Nothin for nothing but I went on the site yesterday for the first time.
I won a $626 Expresso maker fot $7.11
I must have just been lucky?
I signed up for the Quibids site yesterday. When I realized I just layed down $60 for bids I panicked slightly. I was on early in the morning about 8am and figured I didn’t have anything to lose so I started bidding on some simple gift cards. I learned you need to be patient. I let a couple of the bidders waste there bids before trying my own hand at it. In the end I won two gift cards one for $10 and the other for $25. I paid well under a dollar for both with $1.99 shipping. I figured to make up my initial $60 I needed to win a bit more. I actually did have fun bidding and today I won an $80 race track for my son. I figure it would be a great Christmas present. In the end I figure after the cost of bids and shipping on the won items I made a profit of $30. Basically it’s a gamble. You have to be smart and not get caught up in the hot items. If you observe that there’s a bidding war going on stay out of it! Go during times of lower traffic and bid on useful items,not just hot items. Or just don’t sign up.
Hope this helps some of you out there. As for me, I’m done for awhile and at least I can justify the $60 to my husband. LOL Although I still haven’t told him yet. 😀
Suzanne, you put in your bank account information and didn’t even know what site you were on? I say this in all charity: you need to stay away from computers then. How in the world is it bad practice by them? You told them your information! Do you want them to just say no to your business? Or perhaps keep putting up warning screens: “Do you realize you’re going to be spending money and this is not a Black Friday ad?”? Take some responsibility for your own actions, for goodness sakes!
I wish I had seen this I lost $60. I walked away with a $25 target card, whoopie!
thank you so much for the excellent info.
ITS A SCAM. I’M A VERY SKEPTICAL PERSON, SAW IT ON A NEWS STORY, FIGURED I’D TRY IT OUT, THEY NEVER TELL YOU IT COSTS $48 TO SIGN UP. THEY SCAMMED ME, I KNOW HOW TO AUCTION BID AND I NEVER WON A THING ON THIS SCAM OF A WEBSITE. ALL CORESPONDENCE IS AUTO GENERATED, SO NO-ONE IS AT THE HELM. IT’S A SCAM, PLAIN AND SIMPLE, STAY AWAY!!!!!!!!!!!!!!!
We all know nothing for nothing does not work. Lighten up. This is fun. Know your limits and enjoy the sport of winning. Do not go for the big items. Too many bidders expecting to win for a few dollars. I have won some nice gift cards and so far I am $23.00 ahead and had a blast….
TONY;
dont be so rude…and I got to this site while googling black friday…
Total Scam. Took me for $150. Items $10-$25 possible to win. Larger items will go for 75% or higher of value. On three occations I was in the last 2 for the win when their clock stoped at 2 seconds and the win went to someone else. I could not make a final bid at 1 second. This is after bidding 90 times. e-mailed their support, got excuses. Be Warned!!!!!!
You will lose Money!!!
Get this: $.60 for every penny. So an item that sells for $1 will take in $6.00. So that digital camera that someone “won” for $14.79, actually took in $887.40. Someone correct me if I’m wrong, but it seems like a sneaky way for some people to get really wealthy.
SCAM! They are using bots, I can sense it, I’m not dumb!
Everytime I bid on an item, a flurry of supposed “bidders” bid up the prices. You can bid on “bid vouchers” for example I bid on a “15 bid voucher” it went to 63 cents (63 bids) and I bid 15 TIMES for it!
If you bid a couple here a couple there, it adds up quickly and you’ll lose all your money!
But if you follow thru you’ll still overbid.
Anyways, the voucher I bid went to 88 cents! Hmm 88 X $.60 = $52.80 is how much that company made, even though I won (after using 15 bids) all the other people in that auction lost.
They showed a recent auction for an IPad that went for 94 cents! BULL! I’m currently bidding on one and it’s still going for 6 hours @ $140.00 which is 14,000+ bids! The company stands to make 14000 X 0.60 = $8,400 if it ends now!!! Holy Shirt! Why didn’t I make a website like this?!
I’m normally skeptical when it comes to things like this but I tried it anyway after viewing the ad for Black Friday deals. I’ll admit I did not read all of the terms and did not realize I was spending $60.00 initially for 100 bids. I then tried to make the best of it so I bid on a gift card for 50.00 and won after 7 bids (pd .40 cents). I’m trying to just break even (make my 60.00 back) and get out. Once you think about it, it is a lot like gambling and is okay if done responsibly for entertainment purposes and you don’t allow things to get out of hand. I don’t want to take any chances and will read terms more carefully from now on.
I’m not saying its a scam but one thing I will say is that they did not say anything about charging $48.00 for bids until they had you signed up. That’s pretty shady in my book.
-Mario
QuiBids is a Major Scam. It’s simple math – hundreds of people bid for one product x 1000 = $5500 for a $350 item. Your’s and other’s pennies add up quick. Don’t be fooled go to ebay / wal-mart a much better deal.
Be Warned!!!!!! You will lose Money!!!
Quibids is not a scam , it is a gambling website that is completely different from normal auction sites. Before playing you must understand how it works so you know what you can lose, i have spent over $500 in 9 months but havewon numerous things, everything has been shipped via amazon… I reccomend you bid on gift cards or movies. Why? Because if you lose you can do the buy it now function which subtracts your placed bids from the retail price so you end up losing nothing. Although they are a small company and their customer support is awful and laughable
Well against my better judgement I signed up for Quibids. WOW…WHAT A SCAM!!! I find it very interesting that auctions were selling for 0.02 and 0.04 except for the ones that I was bidding on. I like to gamble but this is a complete rip off. I wasted $60 and won absolutely nothing. At least when you play slot machines you usually win something. AVOID QUIBIDS!!!!
I feel stupid too and sent out friends to sign up. CAN I GET MY MONEY BACK?
Only bid on items you are willing to pay full retail price for. If you lose the auction they will credit the bids you have used towards the purchase of the item. In a sense you pay the shipping as a gambling fee. Just like any form of gambling you can’t win if you don’t play. I won a 1200$ Oakley Minute Machine watch for 240$. I was ready to purchase it full retail and gave it a shot. 80% savings no complaints here.
At first, I didn’t think that it was a scam. They let me win little items for a few dollars. But, anytime I tried to bid on the bigger items, I would lose $30-$80 consistently. They would be one bidder who would use theBidomatic feature excessively in each auction. I have come to figure out that this is a QuiBids employee plant, whose main purpose is to sit there and push up the price. Once the price gets into the thousands of dollars, that bidder would suddenly leave the auction. Wow!!
How I am so sure? Sometimes, that one auto bidder would bid over and above the actual value of the item. Also, I gave taken videos of the auctions side by side, and the same bidder would be bidding in several auctions at a time. You will find these in the iPad, MacBook, and MacAir auctions especially. Look out for Mrcfoods2, ConnieViz, Powergrp, Paula777, Yankee1042, Vare13, amongst others. Of course, different names are created every day.
Too bad!
WHAT A SCAMMMMMMMMMMMMMMMM !!!!!!!! BOT BOT BOT !!!!!! 🙁
I have not used quibids. I have to work hard for every thing I have. Some times its hard to ignore sites like this, especially when you see some thing you have been saving for going for $1. What I still dont understand is how the bidding ends. I asked and quibids said if people are still bidding when it reaches retail value the last one to bid gets it.
I have not used quibids, because I wanted to find out more first. What I dont understand is how the bidding ends. I asked them and they said that if the bids reach the retail value then the bidding is stopped and the person that bid last before they stopped it wins. I have been watching this site on and off for a week and several times people have gone over the retail value. It seems like no matter how good you are at bidding the person that bought the most bids wins. Its not gambling its a guessing game. The sad part is I am still tempted.
I was interested in Quibids. I got $48.00 into it before I understood the game. I won 2 gift cards. One for $25 and one for $15.=$40
yeah it’s gambling I lost a little but I lost more at the casino last week and I did have fun bidding.
I look at the comments and see some people have had success others feel ripped off, Lets look at some simple math that will give you an idea of how much profit is in it for them. $.01 cent bid costs $.60 so you see an item at $38.75 that is 3875 bids amounts to $2,325 so lets say you bid on a TV that cost them $300 that is 2 grand profit, plus you pay the $38.75 losing your bid money and S&H. Sounds like a great deal but only if you win, I agree with author once they have your money they can do just about anything, I used to use BIDZ.com but they to are now basically having a reserve price and fake auctioners to get price where they want product to sell
This site is a total scam and will charge you credit card extra. They don’t ship out items either. I’m still awaiting on my giftcard purchased from 3 months ago…. Stupid stupid me….. 🙁
If U’r loosing $$, my guess is U should stop bidding! I hvnt been there. But, I’m goin to check it out
u’r lo
My thoughts – at 60c a bid it’s a huge money-maker. If bidding is brisk as so often, you can quickly use up your own bid stash – and if for instance a camera valued at near $700 gets penny bids up to say $75 – OK that’s a great result for the winner but they net $4,500! Nice eh. Even a $50 gift card – if that gets ”bought” for $2.50 by the lucky buyer, it’s a return of $150 for them … again, nice return!
Have to think that if you spend near $50 in bids to fail on an item – why not just buy local state lottery cards or similar – you’ll come out with at least some winnings! It may not be scam per se but for sure unless you are hyper lucky – it’s a fast way to lose your money! I tried it but lost my investment and only got a $15 gift card – by total luck! That’s it – no more.
Quibids is not a scam, it is gambling, it is no different then playing poker or slots. As soon as you realize that you have to spend money to win and you are all right with losing money (just like the slots!!) then you will be okay. I have enjoyed bidding on gift cards this holiday season. They were something that I was going to purchase anyway so I pick ones in increments that I want. If I win for a low amount yeah, if it takes quite a few bids that is okay too as long as you watch how many times you bid. For instance $.01 bid is worth $.60 to you, if you pick just one auction to concentrate on you can pop into the buy it now option and take the money that you have bid so far (# of bids x $.60) to see how much you need to add to it to buy it, keeping in mind $2 for s/h. I have spent $123 at Quibids. I have won $135 in gift cards, $12 profit, no biggie deal, but I enjoyed the GAME. 3 gift cards I actually won for pretty cheap and one I ended up using the buy it now option and making out ahead of the game. Join at your own risk, but go ahead and join as long as you know it is a game!! Happy bidding! Wait til the 2 second mark to cut down on the number of bids you have out there.
quibids is an absolute scam.the government should do some thing about it or lets we get togather and get our money back. i work 10 hours for thhose $60.lets write to congress and have them look into such scames.the government should ban such sites.shame on quibids.god damn quibids.amen.
1. You have the clock ending wrong. 2. You have the bots. 3. You have the business ethics aspect. 4. Stuff doesn’t get sent out. 5. The tricky credit card charging. 6. The runaround to get your unused bids refunded. 7. Bad customer service. This is my summary from reading users experience. It’s a lose/lose. If it was really being run fairly without bots and good customer service, and fair business ethics this could be fun, but I am fully not enticed any longer. Again thank you for the info and go check out your local lottery when you get the urge to head to this website. 🙂
I have won a Didgital camcorder for $16.00. Although it cost me 52.00 in bids…it is still a good deal. It is a $250.00 camera. You just have to be a smart bidder. I also won a Black & Decker elec. saw for .18. Plus a couple of other items in 2 days. Yes…someone is getting very rich, but others are getting very good deals!
Why is everyone so concerned about how much money Quibids makes? If you get a product you want for the amount you are willing to pay it doesn’t matter what the seller made. When did profit get to be a dirty word?
Thank you for all of that advice. I was halfway through the registration , when something urged me to Google Quibids. I came across this page and feel it contains a wealth of information pertaining to penny auctions. I can understand how 60 cents a bid can literally wipe you out. 4 bux for a Macbook Pro… I’ll believe it when I see it.
Its not a scam … just watch the site for a while. If you bought bids from this site and then lost the auction and then feel like you were scammed then you are an idiot and should be separated from your money anyways. It doesn’t hide anything about how it works or what you are supposed to do or what you owe them. Pay attention! I’ll be you 20 bids that you also buy scratch off lottery ticks.
Here is my thing about the website. From reading about I mostly see people complaining about someone else making money and are mad because they did not think of it. If you understand how the site works going into it then it is not a scam. It is not a scam just because someone is making a lot of money. Those of you who are complaining about spend money and not winning should have read the terms better and realized that you were gonna spend the money regardless.
This is online casino. do they have licene for doing this business? feds must be stop them.
Quibid listed a whole series of Apple Ipads as being $629 retail value. However the ones they were selling were the least expensive units retailing for $499. Apple Ipads for $529 include 3G wireless, not just wifi. So if you lost, as most do, and a loser wanted to buy one at the end of the auction using the value of their total of bidding points ($.60 each), the cost is $130 above actual retail.
When I pointed out the discrepancy in value, they claimed they must pay more than retail for their auctioned units (although their site said the price represented comparable retail). They mark it up accordingly. Sure they do. However, after my email (and perhaps others) calling them on this discrepancy, they changed the online price price to $624. At least now it does not mimic the price of the more expensive Ipad with wifi and 3G.
Here’s the REAL scam: go to the website and see all the great stuff being “auctioned” live. Then buy bids and log on – all those great items disappear. You have a ton of gift cards and cheaper items only available to bid on, with 1 or 2 big ticket items being auctioned. Just log on using one browser (Explorer) and open the website in another (Firefox)and see for yourself. But you must be a customer, logged in to your account to see the difference. CURRENT CUSTOMERS VERIFY THIS FOR ME-THX
If people would just read the website, Quibids 101 and the HELP section BEFORE you start bidding, you should understand how it works. I have one a few gift cards, blender and a TV using the bidomattic. I knew what I wanted to spend and just waited patiently. This isn’t a scam, or rocket science. Just read what the website says before you start bidding.
Don’t loose your money this people are thievef. These people are smart taking peolpe’s money so don’t go to this web. (Buy at Ebay, they are credible you won’t loose your money.
@Fre Mack : I can verify what you’ve said. Look at this screen shot taken from two different accounts in two different browsers. You’ll see that if you have won an auction or two, you no longer have access to all of the auctions. Quibids starts spreading the auction timings farther and father apart to make it hard and harder to win. The Old, Hook ’em and Screw ’em, by letting you win a few to start, and then making it harder and harder to win by gaming the system against you.
BTW, I do suggest that everyone reports Quibids and every other penny auction site to their state Attorney General. You can copy and paste the letter I wrote mine if you’d like…
I am writing to report a hidden internet gambling scheme hurting millions of people who think they will get low priced items in an auction which is actually a hidden game of chance. Please respond to me.
The website QuiBids.com is a hidden gambling operation : http://www.quibids.com (There are 100’s of others just like this, it is becoming a wide spread hidden online gambling operation. — run a Google search for “penny auction” and you’ll find 100’s more.)
They and every website like them are breaking the Unlawful Internet Gambling Enforcement Act of 2006, described here : http://www.gambling-law-us.com/Federal-Laws/internet-gambling-ban.htm
It poses as an “auction” service, but if you spent 30 minutes using the site it would be 100% clear that it is breaking every instance described in that law.
1. Risking Money Or Property on a Game Who’s Outcome is Based on Chance ::::: You purchase bids (ie. lottery tickets) and pay 60 cents per bid. NOTE : This is without getting anything at all of value in return.
2. Game Predominantly Based on Chance ::::: You then use those bids where you try to be the LAST person (out of thousands sometimes) who clicks the bid button which raises the price of the item, and sets the timer back about 10 seconds. Your odds of being that last person are excrutiatingly small.
3. Not a Game of Skill ::::: Clicking a button on a website does not take skill, and anyone with an email address and a credit card can participate. Plus, if you are not that last person to click the bid button (which is the case 99.9% of the time), you get absolutely nothing for the money you spent on the bids (ie. lottery tickets)
I further tested the website in question and not only are they posting auctions as games of chance but they engage in unscrupulous business activity as well. Including making the initial bets when you first sign up, pay off frequently, which they do to facilitate getting “hooked”. They then later make winning far more difficult by restricting your access to only certain auctions. If requested I could easily provide you evidence of this activity.
I would also submit further evidence with some simple math showing that they are getting 5 to 20 times the retail price for the items that are being auctioned.
If you log on to the site and see something like $50.00 gift card has a price of $5.00, that actually means that 500 bids were placed (because each bid raises the price one penny) and at 60 cents each that means the website took in $300 for a $50.00 gift card. Six times the retail cost, though it looks like the winner only paid $5.00. Another example is an Apple Ipad that retails for $700, which I witnessed as sold for $48.26. That means the website received 4,826 bids at 60 cents each for a total of $2,895.60 to the website for a $700 item.
For sure this is one of the most disguised internet gambling activities on the internet, and I ask that you please work to take them down, as they are hurting people who thought they could get products at very low prices, but in the end, pay 5-10 times what the product is worth.
I can’t believe some of the comments I’ve read on this site. Just a bunch of whining because people failed to read the information provided to them, and threw their money away. Now they wanna scream “scam”. How typical. Those of us that are informed, because the information IS there and we choose to read it, have fun and actually win nice items. Do you people actually expect to bid once or twice and win a huge flat screen for a couple o’bucks? lol.
Quibids directs new users to “Beginner Auctions”. The only thing for sale are “Bid-Packs” so it “appears” you can’t lose. Bids are 60 cents each so if you bid 30 times (at .60 each) for a 40 bid pack and lose the auction, you can use the value of your bids ($18) and pay just $6 for the balance of the pack and not lose, right? WRONG!
The bids purchased at these auctions dont work towards the “Buy It Now” price of any future auctions! You just wasted $24!
This is the sneaky way they trick new users into throwing away thier money!
There should be some legal action started against sites like this. These sites are so bad, in my opinion, and they know it. This is why you must puchase your tokens/credits before you really get to see what is behind the emerald curtain.
Go on the website and watch what is going on and read how it all works and then if you want to do it fine if not that is fine also, but to say you got scammed is wrong. You did this on your own without anyone forcing you to play, so its just like the lotto few win many lose. If however you give them your bank account or credit card number and they take money not authorized or if they are driving up the price then that is wrong and should be reported and prosecuted. Personally as long as its legitimate then I think it is pretty clever and certainly a money maker.