QuiBidsReviews 3,064

Avoid this site. This is making lot of money by simply making people crazy. I have seen on this site one guy is placing bid from starting to around $200, but the product gone for some body who placed bids for alomst $2, how it is possible, if you place the bids continuesly, to cross $1 you have to place the 50 bids. The amount for that is 30, to continue till $200 approximatly you have to triple or more cost than the product costs in the market. Definately nobody risk that much to spend except the site guys. There is no evidence that the bid placers are genune one, I guess some of them must be the one just to increase the bids and keep the show running for some time. We are simply loosing money by crazy. You end up spending money and you will get a candly at last...

Alll scam, avoid avoid strongly..

While on the surface the idea seems great, bid 10 or 15 times and possibly get an iMac Pro for a few hundred dollars. However, you should understand the math or more importantly what Quibids is making on the item. Take this example, let's say an iMac Pro costs Quibids $1,000 to buy from Apple. They list it as costing around $1,600. I just looked at current bids and the iMac Pro is approaching $600 today and still being bid up. Think about the money Quibids is making on this item. Each bid is an increment of 0.02. At $600.00 it took 30,000 bids to get the bid price to $600.00. If each bid cost the consumer $0.60 then that means Quibids basically made(sold) $18,000.00 on the computer (30,000 bids x $0.60), yes $18K. While this may be great for Quibids, the idea that something cost someone $1K and then made $18K when they sold it seems a little bit of a rip off. That's like buying a Camry for $200k. While I don't begrudge anyone making money, this is outrageous. No one in the world has this type of markup on their product. Hope this helps and prevents you from losing any money.

I won a few things and they won't ship them to me because my address does not show up in their usps database, yet the reason they cannot ship is is because they can't ship to PO Boxes. I never tried to ship to a PO Box, just thats what they use to verify with. They won't tell me what they do ship with and will not add my physical address even though I get shipments almost daily from all popular shippers.

I got my stuff for pennies and maybe that's the reason. They exhaust you in the bidding process then exhaust you dealing with their "support" trying to get your item shipped. This is a total scam. Run hard and fast from this one!

Bob, wow. If this site is "refreshingly transparent," why would they:

(1) need to use fake user comments on their front page, rather than featuring only comments from real users there? (the fine print admits that the user comments are fictitious or "simulated")

(2) Why not say in regular print or up front that each bidder gets charged, rather than burying it in the fine print and 3 full minutes into the video?

If you think this is "refreshingly transparent," I'd be curious to know what kind of website you consider non-transparent (other than an actual illegal scam site like a pump-and-dump stock scam or a phishing/password-stealing site. This site is obviously not as bad as those sites but those are really not the benchmarks by which websites should be measured, just like we shouldn't judge everyone's character by saying "at least John/Jane isn't a murderer.")

While it may be true that on eBay people who are not interested in buying the item can bid up the price, that's not a big deal IMO because (1) very few real people have reason to do that--they don't get anything from it. Maybe a few times "just for fun," but it would get boring very quickly, and (2) if they overdo it, they still get charged, for the ENTIRE amount of the item.

Whereas here on quibids, people can't "bid up the price" totally for free, but they can do it for just a couple of cents. And this structure actually creates what is IMO a much more serious and much more real problem in which people who ARE interested in the item get roped into bidding the price above the price they were actually willing to pay, because every time someone else bids, your bid is wasted (and becomes a sunk cost), and even if you've already bid the entire price of the item, you are now faced with a choice of bidding again and getting the item for "just a few cents more..." or letting all of the money you have already spent go to waste. And this, of course, is the primary way the site makes money.

The FAQ in quibids keeps talking about how they want the site to be "fair," but no business actually interested in being fair would post FAKE testimonials on the front page and then put in fine print at the bottom saying the testimonials are fake, and then burying the real terms of the deal later in the fine print and the FAQ.

This site has very big technical problems. All the time bidding freezing and you loosing money because after the site reboot there is winner on the auction you bid for. So, you have to be lucky to be the last bidder before the moment this site frozen. I've two times the same problem and i lost money twice. I even start thing this is special job of Quibids team to stop bidding on "special" bidder.
I would not recommend to use this site for your shopping needs!

Well lets see let me break it down from what ive read
One, you pay your bid price plus the. 60 so its like. 02+. 60
Two, you pay for shipping and handling
Three, you are really going to lose most of the time
Ya these things might be bad but they are doing wat they say they are allowing you a chance on a greatly priced item. But they also need to make a profit so yes those who do lose want to complain. Done my fair share never with this site tho.

Ok some big huge a@# problems i see are the timers and the weird beters these this are the main reason i will never use this site until its fixed
The sticking timers make it seem like they are getting so thats y if they fixed these two things ill be more then happy to spend thefees to get a good item that i was supposed to win

This is really a scam like everyone has pointed out. Even with their "Buy It Now" "Feature!" the buyer loses. The "Value Price" for these items are inflated so that at the end of the auction if you didn't win if you don't want to just lose all of your money you can buy the item for the value price minus your $. 60 bids... but as stated the value price really isn't! For example a 32 GB iPad is "Value Priced" at $900! It sells directly from Apple for $599 with free shipping! Or you can buy it at Best Buy also for $599 as well.
Check out the value price listed using google you will find that they are inflated.

I used this web site once and I am doubtful as to the reliability of how many bids one submits. I was carefully tracking how many bids I entered and believed I was at #25 when the site informed me that I had exhausted my bids (#45). I relayed this concern to the team and received no response. I am curious if anyone else had this experience. I will not be using this site again but I see where it could be quite a lucrative operation.

People who complain about this site shouldn't use it.
You can loose money here or you can save a fortune.
Part of it is about having a strategy, having LOTS of patience, and sitting glued to your computer. Another part is luck.
I have won 5 items so far totally far more than I have spent on bids.
So for me it paid off. That said, I was very conservative about my bidding watched auctions for long periods of times and paid close attention to what was going on before I started spending money.

A complete scam. Here's why: I purchased a block of bids. $45 for 75 of them. I then sat back and watched how the process worked. I focused on an iPad that retailed for 7oo some dollars. (BTW, Best Buy is selling them for a lot less). I held off on any bidding until the timer went down to the 20 second mark. Placed a couple of bids which were immediately overtaken by the Bid-O-Matic (silly name). I waited then until the timer dropped down to 10 seconds. Didn't place any bids though. Sounds like a legit way of bidding on an item, rihgt? Here's the kick: the "10 second" timer dragged on for over 6 hours. It started at aprrox. 2:30 in the afternoon and was still going when I got home from work at about 6. I continued to watch to get a feel for how the bid ended. This way, I could prep myself for another round. Finally, at about a little after 9 p.m., the auction ended. Just like that. No final warning, no pounding of the gavel, nothing. It just stopped.

The point is, the bidder has no way of knowing when the bid will actually end after the timer hits the 10 second mark. It could be within three minutes, as was the case this morning on a $50 gift card. Or it could be 6 or more hours, like the auction on the iPad. Stay away!

I actually thought the site was interesting and legitimate until I saw the 16gb iPad and the retail price of $750. I sent a note to them asking them to explain the hike in the price and this was my response:

"Due to supply and demand we have had to place a markup on the Ipad. Since these have just been released, they have been in extremely high demand, and have been very hard to obtain. In fact, for private customers Apple has placed a one per customer limit on these items. Thank you and have a wonderful day!
Sincerely,
Scott
Quibids Customer Support"

As with many new products that Apple offers, there is a 1 per customer limit on the 1st day of release. After the 1st day, you can buy as many as you like if they're in stock. According to Apple customer care and Macmall there are PLENTY of iPads in stock.

This site isn't a scam but they sure make a $#*! ton of money.

A tv that goes up in. 02cent increments was recently sold and I won it for 151.67 its a 1080p LG plasma worth 1,149. On best buy. I used 20 bids which cost me 12 bucks. Not bad at all. Now I had to pay the 151.67 plus a transaction fee and shipping it came out to 300 not bad either. But...

The site made a $#*! ton of profit off this. Why you might ask?
Well its simple math. 151.67/. 02 = 7,583 bids
Each bid costs 0.60 cents so 7,583*. 60= 4,550.10
So the sites profit is 4,550.10-1,149.00 = 3,401.1
They made 3,401.1 just off of 1 TV they have multiple TV's through the day.

What I have learned is that you can get a steal, but look at the previous payed amount and that should give you an idea of when to bid. Don't bid at the beginning otherwise you really are just wasting your money. Also you should try and bid on as many of the 250 bid cards as you can, as those usually go for 5 bucks or so. This will help you win the items you really want. Things that are popular such as game systems and TV's are going to be the most sought after items so don't expect to win them.

My thoughts on the site are that you can get lucky, but for most people they will loose a $#*! ton of money.