QuiBidsReviews 3,064

Guys, This web-site is awesome once you learn how to do it. In the beginning you have to bid only for small items that you are willing to buy via the "Buy Now" button.

Once you get some experience under your belt you can move up to bigger items. Now I only bid on items at least worth at least $200.

I limit out on my 8-monthly wins in 1-2 days and have to wait another month to do it again. I win around $2,000 to $3,000 dollars worth of items each month and spend only around $500 to $1000. It seems very easy to me.

The worse I ever do is having to pay full retail for an item and that does not happen very often. Based on my strategies I win at least 50% of the time and save any where from 50% to 80% off the items.

A lot of people call this site a scam. Aside from the speculation that there could be fraudulent bidding robots, I wouldn't call this site a scam. It does exactly what they say they will do. However, this takes advantage of people, like me, who may not understand exactly how it works.

They auction off an item or gift card. For example, they may sell a $25 gift card for $3. At first I wondered how could they do this. Well... here's how. To sign up you must purchase a defined number of bids. Quibids collects $0.60 for each bid that gets placed. When a bid is placed, the selling price only goes up by $0.01 or $0.02 for most bids. So for an item to get to a selling price of $3.00, Quibids will have received $180 in bid money ($0.60 per bid X 300 bids = $3.00 sell price). So, Quibids has plenty of room there to give the winning bidder a $25 gift card.

Plus, you, the winner, will likely get charged a transaction fee equal to some percentage of the price. I won a $25 gift card for $3.00 and paid a $1.99 transaction fee on top of the cost of my bids at $0.60 each.

That is the only auction I was able to win before I ran out of my bids. So I ended up paying $60 for a $25 gift card. I'll use the gift card, but wasted $35 so I thought I'd take the time to hopefully save someone else like me from avoiding a similar mistake.

To be honest, I was worried it was a scam site but after using it for 3 months now. I'm writing tis review on y NEW laptop I won on the site for less than 20.00. I've also won an Ipad, itunes gift cards, a milkshake maker, carpet cleaner and food storage containers and Dr Dre Headphones. YES u do buy bid packs BUT if you don't use them, they will, i repeat WILL REFUND your money. I have to say this is a great site and I fully trust them. I won a cell phone suction once and the item never arrived and quibids instead sent me an amazon gift card for the retial rice of the cell phone i was supposed to get. 328.00! Say what you want about online scams but this site is legit and very fun. Customer service is amazing!

RIP OFF. With suspicous activity. I registered then I saw I had to pay, no way! I imediatly lookedfor feedback from others and found this site. I watched and it had same people bidding hundreds of times at. 60 cents a bid. Didnt make sense. 1 person if anyone gets a deal the rest get boned. I believe they have people or bots as others call them biding to force the real poor saps to rebid. I don't think its illegal for them to do that and I couldnt find anywhere where they say they dont. What a gig I want to start a site like that. Just tell the truth! There is another site I swear is the exact same site new name bidcactus probably because of bad reviews. My Mom always told me If its too good to be true it is.

This site is a COMPLETE SCAM... It doesnt matter how you analize it.

Here is my experience:

I bought a bid package (The cheapest) for $48 dollars (80 bids) and instead of bidding on actual goods I bid on more bid packages. (They have 15-25-50 and 100 bid credits).

After spending about half of my credits, I won a few 25 bid credits, bringing me back a little over my original 80 bid purchase. When I won these few credit auctions and went to pay for them I noticed there where extra charges (Handling Fees)... I felt dissapointed and wrote an email to them. To my surprise, they cancelled my account. When I reply back asking why they cancelled my account they responded with a sorry reply and reinstate my account. Well not really... THEY JUST PLACED BACK 40 CREDITS ON MY DANG ACCOUNT!... They claim they can't reimburse credits that have no real value. NO REAL VALUE? WTF. What then I was bidding on with REAL MONEY?

THEY ARE THIEF AND SCAMMERS... Do your homework (and avoid my mistake) and do a google search on penny auctions and see that there are so many with the same structure.

I will not be surprise if America finds out these sites are FUNDING TERRORISM or MONEY LAUNDRY.

AVOID THEM UNLESS YOU REALLY WANT TO OVERPAY FOR GOODS!

They lure you with photos of macbook pros and ipads and then they take your 50 bucks for "bidding points" and then you find out that everything they have is junk. The two items you would actually want to bid on are being bid on at the same time by so many other people that your chances of winning are about one in a gaziilion. Garbage, garbage, garbage. I feel so stupid for not researching first! They took my $50. Don't let them take yours.

This site is a scam. They misrepresent and lie all over the place. Most of the complaints on this page a circumstantial and not able proven. (but the company is obviously scamming its customers)

However, it is not only able to be proven but also very very blatantly illegal that the site inflates the value price. For example, you bid on something you would buy regardless because you know that the amount you are spending to bid will be credited toward the product price anyway. Take a look at the ipads... the site only puts ipads with only wifi capability up for auction. However, they list its value at a price hundred's of dollars over its value. Their response?

Scott T., Sep 18 12:37 am (CDT):
Hi XXXXXXXXX,

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

This is just not true. Not only can a person go on the apple site and buy as many ipads as they can pay for, it is no secret that the ipad has sold so far below Apple's expectations that the company is strongly considering dropping the cost of the ipad for the upcoming holiday season.

Stay away from a company that thinks its customers are ignorant! Not only that but what is being said about them is true. Watch the site for an hour or two and notice that the same bidders are magically able to bid thousands of times for items.

Yes this is an absolute scam... I am a single mother of 3 and have to pinch pennies and find the best deals on everything my children ask for. I try my hardest to keep them updated with their friends. I have been seeing Ipads for just $24 on the site Quibids, but what they don't mention is you start off paying $48 just for filling out the initial application. So when that came up, I backed out of everything and erased all of my information. This did nothing, the money was already out of my account... BEWARE OF THIS SITE, NOTHING BUT AN ABSOLUTE SCAM. Hopefully you read this BEFORE you filled out the application, and I will definately do my HOMEWORK BEFORE I fill out ANYTHING...

So guys if you're really worried and stuff spending nearly 1k dollars for a 200 dollar item
Its cuz its all about knowing when you think the item will sell out

Sure people start it, then people are always bidding hoping they'll get it cheap.
But just to take the smarter side, estimate when you think theyre going to stop. Take a bid you use 60 cents. If they don't seem to stop then you just used 60 cents don't keep bidding if you think ur going to lose
Keep in mind the amount of bidders in the 5 minutes.

You may even get lucky getting something expensive for as low as 60 cents.
U bid once you win. Auction smart. Let the bid price go high. Estimate. Get lucky. That's how people always say "oh i won this tv for 2 bucks" it was because they waited till the price was high enough to estimate when people will think "oh well i ran out of bids plus i spent too much money on this item im going to auction something else. *leaves*" there fore you pay 60 cents for one item.

This is just a tip. I got an apple ipod touch 8 gb for 5 dollars of what i used. Though it went up to 40 to 50 dollars on bids. But i spent only 5 of my own money.

I saw an add for the site and was curious (mostly because of the promise of acquiring a big ticket item for fraction of the price).

When I first started I made a big mistake by voting early and voting on multiple items. Very stupid of me, I suggest watching the auctions before rushing in to bid. The same items repeat over and over, so don't worry you'll lose a chance to get what you want.

Right now I'm out about $200, and "won" two items valued at around $100 total. So yes... high probability to lose a bunch of money if you don't think this through and rush into action.

But the two items that I did acquire were at the fraction of the retail cost (even if you factor in the bids and the "cost plus shipping").

For example the ending bid price on one of the items was $0.61. I bid 12 times, which cost me $7.20, and the shipping was $8.99. So I spent a total of 16.80 for an item that retails on Amazon for $63.02

On the other item I place only one bid and the final price was $0.60. So the item ended up costing me about $6.00 with shipping.

It's definitely probably to get items cheaply BUT, there is also probability that you will spend a bunch of bids and not win anything.

I do see the same names bidding on a bunch of items. It looks like they waste a bunch of bids.

My advice... don't place a single bid until an item has 1 second left on the clock. If you see constant bidding just watch, don't outbid. You are just running up the ending price AND wasting money.

My main concern with this website is that you are bidding against completely anonymous users. You have absolutely no clue who these "people" are, what their bidding history is, what they have won, etc. Compare this to Ebay, where you can get some idea who is selling, who is buying, etc. The problem with this is, not knowing who these bidders are creates some amount of doubt as to whether they are real people at all OR whether they are real people trying to win an item as opposed to trying to pad the bids.

I have been observing iPad, MacBook and iMac auctions for a few weeks now, and I have noticed several user names that keep appearing over and over and over, usually as Bid-O-Matics. They don't just place one, two, ten bids at a time. They bid over and over and over for hours at a time! Since the auctions last for soooo long, I don't always actually sit there and watch it till it ends, but I add the auctions to my watch list and go back and check who won the item. I have NEVER seen any of these names win anything. You might say "maybe that's why they keep bidding"... quite possible, but if you are really that intent on purchasing something, you would not spend all that time and money trying to bid on it at a cost of $0.60 per bid! Maybe you would try once or maybe even twice, but a person of even just average intelligence would probably stop after two tries and maybe $200 worth of bids at most!

Of course, I can't prove anything that is going on. This is just an observation. Recurrent aggressive bidding from several "bidders" on multiple items, different days. Just seems a bit fishy to me. Personally, I would stay away from this site.

There is definitely a big time scam. I have a friend who designed a similar site in india for indian consumers. The program includes a default user (not real human) who bids continuously until the target money is reached for the quibids guys. If the site senses there are not going to be enough bids, it declares the default user to be the winner and dissolves the auction. Besides, if 10 people are bidding and each of them spends 20 dollars on an average, they make 200 dollars just like that. Each individual may not feel as bad given that he just lost 20 dollars, assuming the auction to be fair. Just like casinos, the only people who make money are the site owners.