QuiBidsReviews 3,061

People, people. I didn't have to visit this website, just read a few of your reviews. Patronising one of these penny auction sites, seems to me, is like playing blackjack in a casino where you have to wear a blindfold and all your cards are on the table. You have no idea whether the dealer is cheating or not. It might be possible for one of these sites to be run honestly, but unless there's some outside regulator watching over them, you have no way to tell. And there is no outside regulator. (There ain't no Federal Auction Administration!)

But if you're the kind of person who doesn't mind taking chances with completely anonymous strangers, well I have $2.5 million on deposit in a Nigerian bank and I just need someone with a USA bank account to help me transfer it into this country...

All these penny auction sites are a scam. I was ripped off by their other site Jumbocloseouts for $150. They seduce the potential victim with a fake news video. With quibids it was on Comcast's home page luring people to click into their slick ad. Once there you will see a video of an actual news station talking about auctions. If you look in small, tiny letters you will see a statement that quibids or (fill in the blank) is not affiliated in any way to this site.

Please don't be taken and don't give them a chance. In my case I thought I was signing up for free bids and within one click my credit card was billed for $150. I know, I know! Stupid me. I thought I was smarter than this but one second was all it took and my money was gone. As soon as I clicked that button, I knew something was wrong. Of course, I contacted them right away and many times but they lie. Fortunately I went to my local police and got a report and filed with my bank to get my money back. It took weeks and a lot of time just for that one second click.

Also, when I was emailing jumbocloseouts my desktop computer froze and started acting strange. The next day my computer would not power on and it is still completely dead. I had no problems whatsoever with my computer until I went on their site but it is hard to prove. I read of one other person saying their computer started acting up when on this auction site but I can't remember where I read it. Would like to know if anyone else had this experience?

I do not reccomend this site to anyone. I spent $60.00 on bids being what they showed to be true how great it is! The only thing I won was more bids. Then that cost a $2.00 transaction fee plus the bids you lost on winning it. Go figure. I did win a $50.00 gift card for AMC theaters but to my surprise there is not an AMC theaters here or even within 50 miles, had to pay for the shipping also. Go figure. The closest one I found was Las Vegas, NV. Yeah spend more money. I wish I had seen this site before I bought bids. They make it sound like everyone wins because there are so many items up for auction... lol! I guess you have to be really stupid, I am, or have lots on money to place the bids to get a 62" tv for $42.97. I sat and watched the bids. Someone won a $25 CVS gift card for $1.84 so I thought ok there are a few going for that price. I start bidding and low and behold it's up to $10.00 magically. WOW! I see on there all the time how little things go for but when I start bidding I eventually ran out of bids. They offer me more for part of the price. NO!

Oh my gosh! The people from Quibids are, simply put, GREEDY! I understand that you have to know how to bid and you have to be patient, etc, etc. But for them to make over $7000 for a a $700 product is outrageous! If you win, great! You get the product for cheap. If you don't, you're out how ever much you put in to trying to win the bid. You can buy the product as buy it now, but it costs $900 for a product that you can purchase at a merchant for $700. And as much as they make off of the bids, they're gonna charge a shipping fee? How greedy can you get? I placed a bid and won the $25 bids for newcomers. They charge you a $2 fee to process it. REALLY? I saw a news clip that said that these people are trying to help people during these tough economic times. How are they helping people who are placing bids in hopes to win the product but end up losing? I hope this site gets shut down.

Yes, I wrote this review as a comment to another reviewer. But i feel strongly enough to want to give this a "can't get any worse than this" rating.

You must buy your bids up front at $. 60 each and in specific packages. Each bidding round is cheap on the face value but people forget they are also spending those $. 60 bids each time. If an iPad goes for $80.00 on auction then that's a great buy but how many bids did it take you to get there? What people also forget about is this, the compnany is making an ENORMOUS killing. That $80.00 for the iPad at $. 01 incriments was actually 8000 bids. 8000 bids at $. 60 each gave the company a whopping $4,800.00 for an $800.00 iPad. I'm going to start my own online auction site. Anybody want in?

Quibids is a scam and falsely represents itself. You purchase tickets and then "spend" them on bids. At the end of the auction, when you do not win the auction (and you never will), you are offered the same product you were bidding on for the "fair" market price minus what you "spent" in bids already. It makes it sound like a great deal. If you decide not to take them up on the offer, then the bids you "spent" on the item are gone, and so is your money.

So let's say your bidding on an iPad. These cost $500 minimum. Let's just say 100 people are bidding on the iPad that the web site says is going for $5.00. It goes up in one cent increments. People are spending their bids and the price is up around $10.00 now. So that's 100 people each bidding somewhere between $0.06 to $10.00 for the $500 iPad. Now you need calculus for this, but I would say that they have collected way more than the $500 for that one item, the iPad.

In the end, "one" person wins the item for let's just say $15.00. Awesome deal! Everyone else is given the opportunity to buy the iPad for a fair amount minus what they have already spent in bids. Meanwhile, they could have collected thousands of dollars selling just one item and then turn and offer you that item for what you could go buy it for in the store. Oh, and do I know that person that won the item? It doesn't take a genius to figure out a simple mathematical problem could make it all a computer generated ghost that bids on the item until they make their profit.

Oh, and if you bid, no matter how much, you lose the money to them. At least when I bid on eBay, I don't have to pay if I don't win.

If you fell for this, I am sorry, but as P. T. Barnum put it, "There's a sucker born every minute."

QuiBids purchases the Amazon Kindle for $259.00. It then schedules an auction for the Kindle to end sometime in the near future. Each auction has a banner in the upper left corner that indicates what cent increment the auction is. That number can be $. 01, $. 02, $. 05, $. 10, or $. 20. It represents how much the final sales price will increase each time a bid is placed.

So an auction is scheduled for the Amazon Kindle as a $. 02 auction and as the timer counts down bids begin to be placed by users who are competing for a chance to win. Eventually, the bidding ends at the price of $8.70. Because it was a $. 02 auction that means that there were a total of 435 bids placed during the course of the auction.

435 bids x $. 60 bid = $261.00

Cost for QuiBids to Purchase the Amazon Kindle = $259.00

Cost for the Auction Winner to Purchase the Amazon Kindle = $8.70

The bidding in this auction paid for QuiBids cost to buy the product. As a result the winner of the auction was able to win a Kindle at a 90% discount to its retail price.

It's a scam -- I bought a 75 bid packet, earned 25 bids, just lost out on a 50 bid packet - so then got an offer to buy the 50 bid packet for 9 bucks... Figured out how to use the auto bid... something that had gone 10 minutes ago for a 25 cent bid was up to 4.00 and 4 bids and 10 seconds before it hit my autobid limit all of a sudden the item was gone... tried again on a different item and the same type game... DON"T PLAY THE GAME... You're more likely to get something if you put it in the keno machine -- or a gumball machine even!

I was intially lured in with a site advertising penny auctions - what a laugh! The next thing I know iI am linked with QUIBIDS!-RUN FOR THE FOREST ALL YE UNENLIGHTENED!. They sucker you in with a QUOTE" SATISFACTION GUARANTEE". BOGUS! They agree t give your money back, if you did't get "clipped" yet. They notified me that I had to put up a $48.00 deposit to participate in the auction. I started bidding on "BIDS", and was informedthat these were done in. 60 cent increments. NOW WHAT THEY DON;'T TELL YOU IS THAT THE BIDS COUNTDOWN IN 10 SECOND INCREMENTS AND EVERY TIME YOU BID, YOU ARE CHARGED 0.60 CENTS, JUST TO BID! IT DOES NOT MATTER WHETHER YOU OR ANYONE ELSE WINS THE BID, IT STILL COST 0.60 JUST TO MAKE AN ATTEMPT. SUDDENLY THERE IS AN ACCOUNTING MESSAGE SAYING THAT MY $48.00 WAS GONE-IN LESS THAN 10 MINUTES-AND I NEVER WON ONE SINGLE THING. I CONTINUED TO WATCH THIS ITEM, SUPPOSEDLY IN IT'S LAST TEN SECONDS- AND THERE NEVER WAS A WINNER!
I can see how this site is making money hands over fists- they are just sticking their hands in our internet accounts and robbing us BLIND! DON'T SHOP THIS SITE-UNLESS YOU WANT TO LOSE YOUR MONEY. THEY ALSO SEEM TO STICK IT TO PEOPLE FOR DIFFERENT INITAL AMOUNTS-ISN'T THAT STRANGE THAT THEY DON'T REQUIRE THE SAME DEPOSIT AMOUNTS FOR US ALL. I SAW ON THEIR SITE THAT SOMEONE ONE A BLINDER FOR 0.56 CENTS, BUT I WAS NOT ALLOWED TO BID IN INCREMENTS OF LESS THAN 0.60 CENTS. I CALLED CUSTOMER SERVICE AND A GAL THERE NAMED DARBY TOLD ME TO WRITE TO BETTER BUSINESS IF I WANTED TO AND THEN HUNG UP ON ME! STAY AWAY FROM THIS RIP OFF SITE.

I have bid on a couple of things on this site but have totally rethought the whole Quibids idea. Here's why:

Let's say, for example, that you are bidding on a $200 gift card with a 1 cent bid, and let's say that you win the gift card bid for HALF the price with only 10 bids. You have paid $6.00 for the bids, plus the $100 for the card. Great bargain for you, but is Quibids losing money? Hardly.

At 1 penny per bid, the $100.00 card would be 10,000 bids, or 10,000 pennies.
Since each penny increase costs SOMEONE 60 cents, so the company makes. 61. Let's do the math: 10,000 (pennies) x 61 cents (60 cent bid + 1 cent increment increase = brace yourself: $6,100.00! Even if Quibids pays full price for the gift card, and I believe they are, they are STILL making a killing! I'm all for making a dollar, but collectively we are getting screwed while they are laughing their butts off all the way to the bank...

Wanna see something MORE outrageous? They currently have a 60" LG plasma TV for bid that they have listed as $1,887.00 value. Let's say that goes for 1/2 price, which would be $943.50, at 1 cent increments, equals ******* bids x 61 cents each = 57,553.50. (This DOES include the end purchase price of $943.50, but does that make us feel all warm and fuzzy?)

Still a deal for SOMEONE, but it's the principal of the thing. Their site states that they take a loss on many things, but it couldn't possibly be equal to what they are raking in.