Shopping Discussion

QuiBids: has anyone used this auction site?

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  • Dec 15th, 2011 9:43 pm
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Jr. Member
Dec 9, 2007
147 posts
67 upvotes

QuiBids: has anyone used this auction site?

Seems to be a lot of good prices on Electronics, cameras and laptops on this site. Its all new product, so different from ebay, but you do have to pay $0.60 for your first bid.

Just wondering if anyone has used it?

http://www.quibids.com/?C=CA
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Deal Guru
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Feb 10, 2007
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scam, stay away
The sweetest gyal
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Aug 10, 2011
9598 posts
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Somewhere
General rule of thumb on the internet:

If it's seems too good to be true, it's too good to be true.
Deal Addict
Jan 14, 2007
1064 posts
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beachmom wrote: Seems to be a lot of good prices on Electronics, cameras and laptops on this site. Its all new product, so different from ebay, but you do have to pay $0.60 for your first bid.

I believe you pay $0.60 for every bid. And unlike ebay, Quibids auctions don't have a fixed end time. The bidding continues until the bidding stops. They make their money selling bids, not on the actual item.
Jr. Member
Dec 9, 2007
147 posts
67 upvotes
Would be curious to hear from someone who has actually tried it, or used it.

I looked at at, but you have to "buy" 100 bids to start, which is a $60 investment. Without having visibility to their goods, it seems like a big investment to make.

Maybe its too new for many people to have tried...
Deal Addict
Aug 21, 2006
1592 posts
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beachmom wrote: Would be curious to hear from someone who has actually tried it, or used it.

I looked at at, but you have to "buy" 100 bids to start, which is a $60 investment. Without having visibility to their goods, it seems like a big investment to make.

Maybe its too new for many people to have tried...

my coworker constantly monitors it during work(easier to win bids during the daytime), and for example today he won an apple tv for only a few bucks with 9 bids, so that's still CHEAP

so i wouldn't say it's really SCAM, as one person gets the deal for really cheap, others lose money, and in the end no matter how much the item gets sold this company still makes money at 60 cents per bid, and since it's 1 cent increment per bid, it's going to make money really fast.
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Dec 12, 2006
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Messed Up Area
beachmom wrote: Would be curious to hear from someone who has actually tried it, or used it.

I looked at at, but you have to "buy" 100 bids to start, which is a $60 investment. Without having visibility to their goods, it seems like a big investment to make.

Maybe its too new for many people to have tried...


Yeah i saw that $60 investment just to try out site... why not offer 10 pack etc... as they know no-one will waste $ after initial losss.
rogeryen wrote: my coworker constantly monitors it during work(easier to win bids during the daytime), and for example today he won an apple tv for only a few bucks with 9 bids, so that's still CHEAP

so i wouldn't say it's really SCAM, as one person gets the deal for really cheap, others lose money, and in the end no matter how much the item gets sold this company still makes money at 60 cents per bid, and since it's 1 cent increment per bid, it's going to make money really fast.

I see how they operate, sorta a legalized pyramid scheme.

for every cent someone has paid 0.60 in chance to win.

So if your coworker paid 2 , they got cost back @ $120 quickly. If it went to $3 they made $60....

Now what gets me is every bid placed they add counter so no real ending time, and in a minute a unknown bidder may bid 4-6 times $2-$3 ( 4 to 6 cents up while multiple that by 10 watchers = alot of free $ ) from there bids and who knows if after you use 100 bids if you can buy lower allotments of bidding priveldeges..

Definitly not worth $60 for a trial.
Deal Guru
May 23, 2003
10229 posts
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GTA
Funny my nephew was asking me about this, I guess he saw the ads and was wondering. He asked me a few times and the first time I told him "not legit" but I decided to look into it (just was thinking the old saying "too good to be true"). Interesting system. I guess if they are transparent about what it is, it becomes more like a "gamble" than a "scam" per say but saw some reports on this site that talks about their system more, etc:

http://scamadvocates.com/18-Quibids.html
Sr. Member
Jul 10, 2003
637 posts
50 upvotes
if say item A costs $400 retail and sells for $60 then that item has actually sold for $3600 if the bids are in increments of $0.01 at $0.60 per bid.

is that right? sounds like i should have thought of this first... wtf!

the biggest question is, how do you know if your bidding against bots? what if items have a reserve and if they don't get up to that then bots keep it going or keep you going until you give up.
Sr. Member
Jul 10, 2003
637 posts
50 upvotes
good read from what i skimmed through, i didn't realize that you still have to actually pay the price on top of winning the auction.
Newbie
Dec 13, 2011
1 posts
1 upvote
ABERCORN
beachmom wrote: Would be curious to hear from someone who has actually tried it, or used it.

I looked at at, but you have to "buy" 100 bids to start, which is a $60 investment. Without having visibility to their goods, it seems like a big investment to make.

Maybe its too new for many people to have tried...

Search reviews for the site and make up your own mind, some ppl claim to have won items from the site but the majority feel ripped off, like here http://reviewopedia.com/workathome/quib ... ds-a-scam/ they have a 2/5 rating from almost 600 reviews.
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Oct 9, 2004
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rogeryen wrote: my coworker constantly monitors it during work(easier to win bids during the daytime), and for example today he won an apple tv for only a few bucks with 9 bids, so that's still CHEAP

so i wouldn't say it's really SCAM, as one person gets the deal for really cheap, others lose money, and in the end no matter how much the item gets sold this company still makes money at 60 cents per bid, and since it's 1 cent increment per bid, it's going to make money really fast.

The real question, is how many other items did he bid on an lose?

Because if he tried for 5 others, lost them, spent 10 bids each (if he was lucky) he spent $40 already and that's a win...
You see people bidding hundreds of times across multiple products just to win one. They are lucky if they break even.

IMO it's grey area gambling - hence why this market is referred to as "entertainment shopping"
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Jun 19, 2001
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Its no different then people that go to bingo and talk about the money they won, once, without mentioning they lost much more along the way. Except even if everything i son the up and up with these sites, their take rate must be far far higher then bingo, casino etc. if I was going to throw my money away i'd rather do it with online poker then "entertainment shopping"
If you aren't willing to take small losses, then you will take big losses. This is my guarantee. -
Mark Minervini

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