Thumbnail of user andyw1

andy W.

Contributor Level

Total Points
83

2 Reviews by andy

  • Xbids

11/25/10

Gambling, greed, and the allure of the deal make this site seem attractive, but I can only advise to stay away. You'll be asked to purchase "bids" for around $50, then on your first "beginner" auction you'll be amazed how easy it was too purchase more bids--as you win another 25 bids for the ridiculously low price of a few pennies--plus a $2 transaction fee they throw in for fun. Thats where the fun ends.

xbids.com looks remarkably similar to QUIbids ( see the site jabber reviews on that sirte if you want to hear of a real rip-off). It has the identical graphic interface, and operation as Quibids... hmmmm... maybe they got creative and made another site with a dummy name--cant have too much of a good thing!

When it comes to anything of value, you'll waste hours watching alleged users bid up the price of items to ridiculous levels. You'll see
IPADS ( retail $700) sell for $45 and you may think thats a bargain... but lets look at the math. Each bid costs 60 cents, and to get to $45 Xbids received 4500 of them--all of them generated by real customers ( so they claim). Thats $2700 in revenue for a product that they simply order from a supplier who then adds their shipping fee. Not a bad profit!

Now, lets look at the prospective bidders. Of the 4500 bids, 4499 were losing bids--they got nothing for their money! Thats the same strategy as a pyramid scheme that has 12 levels! You do the math... Worse yet, you add the gambling spin to this, and you have a business model that can't fail--until someone shuts them down.

Yes, you'll find testimonials denying all of this--most written by their staff or their shills. They will argue that there is no internal bid generation, and that they lose money on many items. They claim that their margins are only slightly bigger than Walmarts, and that there is no wrong doing. They used to say the same thing about heroin 100 years ago.

My advice--demand your money back--call yoru credit card company--threaten legal action--and be a little smarter next time. Smarter than I was anyway :)

  • QuiBids

11/24/10

Gambling, greed, and the allure of the deal make this site seem attractive, but I can only advise to stay away. You'll be asked to purchase "bids" for around $50, then on your first "beginner" auction you'll be amazed how easy it was too purchase more bids--as you win another 25 bids for the ridiculously low price of a few pennies--plus a $2 transaction fee they throw in for fun. Thats where the fun ends.

When it comes to anything of value, you'll waste hours watching alleged users bid up the price of items to ridiculous levels. You'll see
IPADS ( retail $700) sell for $45 and you may think thats a bargain... but lets look at the math. Each bid costs 60 cents, and to get to $45 QUIbids received 4500 of them--all of them generated by real customers ( so they claim). Thats $2700 in revenue for a product that they simply order from a supplier who then adds their shipping fee. Not a bad profit!

Now, lets look at the prospective bidders. Of the 4500 bids, 4499 were losing bids--they got nothing for their money! Thats the same strategy as a pyramid scheme that has 12 levels! You do the math... Worse yet, you add the gambling spin to this, and you have a business model that can't fail--until someone shuts them down.

Yes, you'll find testimonials denying all of this--most written by QUIbids staff or their shills. They will argue that there is no internal bid generation, and that they lose money on many items. They claim that their margins are only slightly bigger than Walmarts, and that there is no wrong doing. They used to say the dame thing about heroin 100 years ago.

Ive also noticed other biddding sites-- xbids.com for example that have the identical graphic interface, and operation as Quibids... hmmmm...

My advice--demand your money back--call yoru credit card company--threaten legal action--and be a little smarter next time. Smarter than I was anyway :)

andy Has Earned 9 Votes

Andy W.'s review of Xbids earned 6 Very Helpful votes

Andy W.'s review of QuiBids earned 3 Very Helpful votes

andy hasn’t received any thanks yous.

andy doesn’t have any fans yet.

andy isn’t following anybody yet.

Empty.

Similar Reviewers on Sitejabber

Thumbnail of user stephens7
Stephen S. reviewed Xbids
11/21/14

I won a $100 Wal-Mart gift card on December 14. As of Jan 12 it still has not been shipped. Four...

Thumbnail of user terryg4
terry g. reviewed Xbids
5/10/11

Site hasn't been up in months. Charges money $75 to register for on line auction and it hasn't...