QuiBidsReviews 3,064

Just for those who haven't stopped to think that the organizers of this bidding site haven't thought it out themselves, just take this into consideration. If the item you bid on, a vacuum for example, is sold for $60.00, at. 60 a bid, it brought in $3600. 00, after they pay the $450 (probably less as they by in bulk), they have profited over $3200 on a $450 dollar investment. A comparison would be your gas station buying a gallon of gas for $3.00 and selling it to you for $24. Ya just gotta be savvy when bidding or you will be losing your butt. If you can't afford to take a loss once in awhile, then don't get involved.

I bought the now requisite $60. For 100 bids. The only auction that it seems realistic to win is for more bids. I stayed up all night watching and bidding a Canon 5D MarkII. I know I should get a life. This is a $3300 camera/lens combo. All of a sudden, with 11 people auto-bidding, someone wins at $560.00. Same thing happened on a Nikon D7000. I thought, well I should aim lower. I did. A $100 external hard drive. Same thing. This is like playing the lottery. No doubt, this is a great business model. Every bid raises the price by 1 cent. I saw people put in over 100 bids and drop out. Thousands of bids for 1 camera or TV. If you like being glued to your computer, and seek the thrill of gambling, this may be the cat's pajamas. However, if something sounds too good too be true, it is. And in this case, it definitely is too good to be true.

All I did was sign up and was reading the rules and they charged my bank account $60 in the first 60 seconds...
They said I had made a purchase of 100 bids at $. 60 each! I DID NOT!
I complained immediately and they said they would refund the money since no transaction had been made.
Now tell me this... how can they charge me for a purchase they said I made and then say no transaction had been made?
Oh... and was the money put back in my account?... not for 2 to 3business days! They jolly well took it out in a flash with no problem! I will be watching and I won't return to their page, ever, for fear of being scammed again!

No one here seems to understand that the site is intended for a CHANCE at a discount. You are very fairly warned when you are exceeding the amount of retail price and if you can not do the math to figure that out, then you should probably be spending your money else where. It is very simple bid on items you can afford at retail price and you won't be disappointed. Yes the site is making money off the $#*!s who are not educated enough to examine what they are doing before they do it, but who shouldn't. This site is an altered design of other auction sites and every single person who hates on them should shut their mouth because there is no way you would ever turn down this kind of idea if it belonged to yourself.

They tell you how easy it is and even start you on a beginners auction that you, of course, win for cheap, then you try to win anything else and you get outbid. Every auction I was biding on went for way more than the same item in another auction. Makes me wonder if I'm really bidding against someone else or a computer. I've used eBay for years and am a pretty savvy bidder, but this site is ridiculous. And the newbies don't seem to realize how much money they're actually spending in bids, on 1 auction. At least I was able to bid on over 20 auctions with my meager 141 bids ( kind of like playing the penny slots in Vegas). Quibids is making a fortune and I just paid $65 for a $10 gift card. Shame on me.

I signed up last night for quibids after hearing some thing about the site. The buy in was a bit steep at $60 since they make you purchase 100 bids your first time using the site.

I spent 1 bid and immediately won a voucher for 25 virtual bids.

I then spent another 3 bids and won a $130 pair of oakleys.
I then spent another 10 bids and won another $130 pair of oakleys.

After that I wasted some bids between the two pairs of oakleys on items that I didn't really want all that bad that were going for more than I bargained to pay. After winning the three auctions in a matter of 45 minutes the site cut me off for 24 hours, as your are not allowed to win more than three auctions within that time period.

All in all, as of now, I am up 24 bids than I originally paid for, as one of the pairs of sunglasses came with 25 free virtual bids. They also gave me some bids for winning auctions.

I am already up $200 and I've been on the site for 45 minutes in my brief experience with quibids. AWESOME WEBSITE. GREAT IDEA. USE STRATEGY! Look for auctions with "single" bidders and the fewer the better.

I am a student at Boston College and I'm looking to sell these items on ebay to make some quick cash. GREAT EXPERIENCE. HIGHLY RECOMMEND!

Quibids is the cream of the crop for penny auctions. Don't get me wrong - you have to understand the penny auction paradigm. You buy bids - at say 60 cents each. Then you make irrevocable bids on a variety of great items from computers to vacations, cameras etc. Remember that once you place the bid, the 60 cents is spent. The idea is to strategically bid until you're the last one left. This can take a few hours for the bigger ticket items and requires discipline and patience to win. And you might not, so don't spend more than you're willing to lose. Just like Vegas. But the savings can be incredible. A $6000 Australian vacation went for $214 the other day. But remember that $214 translates to 21,400 penny-bids that cost 60 cents each. So the seller got roughly $12,000 for a $6000 item - but all the losers combined paid for that - to the winner's benefit. There are $25 - $50 items for the timid, so don't lose hope to win. You can if you're patient and smart. Anyway, Quibids is the best of the bunch. I've won a couple thousands worth of merchandise combined for hundreds of dollars. Not bad - and kinda fun.

Yeah, thought it was great and totally got suckered. I did win an Ipad for $43.28 days, 8 of which are "weekends" so 20 business days and no Ipad, not even a tracking number. Several emails and all I got was "I spoke to the vendor and because of the current weather conditions in the midwest shipping is delayed. Kicker is, it was paid for and should have been sent out 19 days before the midwest storm. Never again, I will wait until the 28th of February and thats it. Will contact Better Business Bureau and PayPal if I don't have it by then. The fact they make $6000 on every $100 bid is sick, I should have really did the math before I joined, I fell for that Credit Card verification crap too, then I saw it gone from my account and figured okay I'll try it. BIG MISTAKE! DON'T DO IT!

The site has too many people working for them to bid against you! BidProApp for quibids proves it in their video. How much people spent and won. Many bots have spending records of over $20,000 on bids where as the value of all goods won under $2000 (nobody in a right mind will have that).
Simple example to prove: their policy states that a person can not bid for 28 days if they won anything over $200 (Unless it is won by using vouchers). Ipadwon member who has been in over 1000 actions, won only 50 of them or so, has won Ipad worth $600 and in field "paid" was written that he used real bids (not a single voucher). Five minutes later he is bidding on something else, and actually won again with real bids. IT IS AGAINST THEIR POLICY TO DO SO.

One of people that are working indirectly for QuiBids "Big Max" http://twitter.com/BigMax2010 who has a link that links to "http :// www.legitonlinejobs. Com/", after signing up for it (paid version) their was an offer from QuiBids to promote the website!

"BBB accredited" easy, in a plain view it is just a simple website. Everything runs smooth, but to check behind the sense of entire operations, if request information on people that spend over $30,000 a year will only lead to fraud.

For legal department: BidProApp is an application that will help finding the leads to fraud, as it stores records of bids, winnings, losses and more!

Okay, Let me tell you the real thing. This site is a scam. It has no company address on it and i did not found anything company related to this site.
I've known this site for about 1 and a half year. And i know the truth. When i was in, the site was pretty much in the establish stage. They put some ads on dealnews.com and attracted some people. My first money in was $25. I lost them all. BTW, The earliest Buy it Now was only for the first bidder.
So, i put another 25 in it and started bidding on small item. And i won a logitech speaker and water purifier. The last item makes me win money overall, but they spent a whole month process it. (they may put the money into other business).
Overall, they were kind of control big items in the early stage. And then, about a semester later. I observed that there appeared a lot of robot bidder(their programming skill was advancing!). Then i gave up continuing bidding on this site. Another semester later, which is now. I find out they actually opened more than 10 items at the same time which is unbelieble. They do not do any ads, they don't even show in the first 100 results in google by key words: penny auction!
And, if you view the statistics of the website view. YOU WILL FIND OUT, their bidding and their views are out of proportion. Which means, They are using robots internally. WAKE UP PEOPLE, THIS ECONOMY NEEDS HARD WORK, NOT BIDDING. It's like gambling, overall all of us are loser. And They are the f**ing winner.

I followed a link in Google and their website said i could register for free. No mention that I had to pay $60 for 100 bids! After I signed up it took mne to another page that asked for my name address, etc and credit card info for when I bought something. STILL NO MENTION I HAD TO BUY BIDS!
As soon As I gave the info they informed me they charged $60 for 100 bids.
I am going to have the charge to my Credit card reversed. I am not getting ripped off by them
NOW READ THIS!
I sat there afterwards and examined what was going on.
You bid in 1 penny amounts. Each 1 cent bid costs you 60 cents!
That means they are collecting $60 for every 1 dollar the item increases in cost.
Lets say an item sells for $5.00
Say it is an item you could have bought in Target for $30.
Okay you saved some money BUT>>>
They have made $300 on that $5.00 amount!
Remember that 5 dollars is 500 pennioes!
60 x 500 = ******* or $300
I saw a car sell For $1782. 00 that car retailed for about $18,000 online!
So they are selling you a car for $1782. 00 but
1782. 00 x 100 pennies = ************** x 60 (60 cents per penny bid! Remember) = $*******. 00
That's right, they made nearly $107 thousand dollars selling a car for $1782 bucks!
Lets deduct the $18,000 for the actual cost from $*******. 00
That is $*******. 00 = the $1782 you are still paying them! + whatever taxes shipping etc.
They are making over 100 thousand clear profit!
That is a scam!

I don't think it is a scam, I won a $2,500.00 camera for $429.00 plus $607.00 worth of bids.
I did receive the new camera.
However where the problem lies is that they shipped the camera and most of their products with no receipt from an authorized dealer. Read your warranty card not valid w/out receipt from authorized dealer is not valid.
I sent 4 unanswered emails, and made 2 unanswered phone calls to try and get a receipt, and no response. I turned them into the BBB, and almost immediately got my receipt. (I kept telling them I was going to turn them in)
Bottom line they shouldn't advertise warranty with those expensive sexy items w/out producing all the required documentation.
I have won quite a few things on ebids, and it seems they deliver the product. However I am quite sure I have in all spent more than I have won.
But I had fun doing it.
QUIBIDS does make it fun, if it is for you, but a second big bottom line here, if you are compulsive you should stay away from QUIBIDS, in the future there will surely be a QUIBIDS ANONYMOUS!