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Quibids Review

Quibids LogoOverall Rating

Official Website – Quibids
Socially Connected With Facebook & Twitter
Buy It Now – Yes
Founded – 2008

quibids-homepageQuibids is probably the most well know penny auction site out there. Which makes sense because it is also the largest.

However, size isn’t everything and you shouldn’t join just because everyone else does, you should do your research which is especially important for penny auction sites.

Here is some more information about Quibids from wikipedia:

QuiBids.com is an American online retailer headquartered in Oklahoma City, Oklahoma, United States. It is the world’s largest retail website that operates as a bidding fee auction, also known as a penny auction. The price of auctioned products increase by one QuiBids penny with each bid, which are equal to $.60 and bidding doesn’t start until there is only 5 minutes left in the auction. The final prices is typically much lower than other auctions, but all bidders pay, not just the winner. Losers of the auction have the option of paying the retail price, minus the amount they bid.

Matt Beckham and Shaun Tilford (now QuiBids’s chief executive officer and chief technology officer, respectively) founded the company in 2009 and launched the site from Beckham’s Oklahoma City apartment in the fall of that year. The company name is a portmanteau of the words “quick” and “bids”, and is pronounced the way both words sound.

In February 2011, QuiBids officially re-branded itself as an entertainment retail auction site, selling products such as consumer electronics, home and garden products, apparel and jewelry. The okcBIZ website named QuiBids the third best small company to work for in Oklahoma in June 2012.

So that’s all fine and good, but does Quibids live up to their reputation? you see the truth is… from what we have seen in the past when a penny auction site starts to get popular it normally gets harder to win. Simply because the more users there are… the more competition there will be.

Fortunately however, this wasn’t the case with Quibids, at-least not when we tested their site. We feel this is generally because there is so many items up for auction compared to other smaller penny auction sites and this plays into our strategy very well.As we have mentioned many times here on penny decisions, bidding for less in demand items is a smart idea and this works fantastic on Quibids because they have so many items that people wouldn’t necessarily go for. Let’s be honest, 90% of people join up on penny auction sites to try and win televisions, so while they are all bidding on the high ticket items… we are bidding on items such as gift cards, holidays etc. Don’t bid on televisions, that’s what everybody else does!

When we review penny auction sites we want to see something different, a change to the ordinary. And with that comes the Quibids games section. These games give very nice rewards such as bids that you can use on auctions and they are pretty fun too! which ultimately is what penny auctions are all about.

What are QuiBids Games?

We’re all about options and fun here at QuiBids, and our special Games section offers both. We built QuiBids Games to max out the fun levels on your shopping experience. It works like this: you win auctions that include Gameplays, which you use to play Games and win free bids.

The better you do at your chosen game, the more Voucher Bids you earn! From there, all that’s left is to head back into our thousands of daily auctions and compete for more items. Which is way more fun when you’ve got a bunch of Voucher Bids saved up in your account!

Source – http://www.quibids.com/en/help/faq/27-What-are-QuiBids-Games#347

groundhog-huntingMany auctions include these gameplays and we have won a great deal of bids just by playing these games alone. As far as the gameplay goes, they are pretty fun, our personal favorite is ‘Groundhog hunting’  which is pretty much another name for the popular Whac – A – Mole game. Another is word scrabble so if you are good at scrabble then you could potentially win a lot of free bids.

We really like it when penny auction sites try and add more then just the old standard penny auction model. Usually when a feature proves successful, many other penny auction sites have no choice but to follow suit, a classic example is the “buy it now” option, you will see this option on nearly every penny auction site now because it proved to be so popular.Like many penny auctions, Quibids also has an auto bidding feature, which in this case is called Bid-O-Matic.

Bid-O-Matic automatically places bids for you in a more efficient way than other auction sites. Bid-O-Matic even lets you bid if you’re not logged on to our website! Using Bid-O-Matic guarantees your bid will be placed in the last 20 seconds. You’ll never have to worry about losing your Internet connection or getting distracted in the final seconds because Bid-O-Matic will bid as you instruct it to.

  • Bid-O-Matic will bid whenever the timer drops below 20 seconds, though it’s up to the Bid-O-Matic exactly when it will place that bid.
  • Bid-O-Matic can be set up with a minimum of 3 bids and a maximum of 25 bids at a time.

Source – Quibids FAQ

Again, this auto bidding feature can be found on the majority of penny auction sites and it is nothing special, we personally do not use this because when money is at stake, you want full control over what you are bidding on. Quibids will try and get you to use the auto bidding tool but that’s only because they are the real winner not you.

Some people do have success using the auto bidding tool theres no doubt about that but that is purely luck based in all honesty. You will often see videos of people that won cars and when asked how they won the car, nearly all of them said they used the auto bidding tool, sounds suspicious if you ask us. If I was you I wouldn’t believe all the videos that you watch.

Quibids pricing is very competitive, with each bid costing $0.60 or £0.40 including discounts for big bid pack purchases. 60 cents is about the average price that bids go for on penny auctions, there isn’t many that are lower priced and vice versa.

Many people these days are saying that penny auctions, like quibids, are scams. The truth is they aren’t as we have discussed before. There is just a certain degree of luck no matter how good your strategy is. If you go to sites like sitejabber and various other anti scam sites you will find that the reviews are mixed, many of these reviews will come from rival penny auction sites but also some of them are legit, they just didn’t get lucky.Heres an example from Kathy B:

Kathy B Wrote:

I have been on Quibids for over 2 years now. I won gift cards, printers, i pad, vacuum, xbox, helicoptors, calloway golf clubs, watch, dsl, cd player, tv’s, wii games, remote control boat, and on and on. My user name is wanttolook in case you want to make sure that I am a customer. I have had nothing but a positive experience with them. I have also contacted suppport numerous times, with nothing but prompt, proefessional, cusomter oriented serice,

Quibids is legit. Patience is an asset when bidding, and you can always start with gift cards, so even if you don’t win, you can still use those bids towards the card. IF you start with $60 and just bid on a $50 gift card and a $10 Gift card(many to choose from) you really can’t lose any money. They have Walmart cards, who doesn’t go there?

And then the other end of the spectrum:

Silence B Wrote:

SCAM, SCAM, SCAM! I signed up, bought some bids, read all the instructions and even watched for a while before getting into the bids. I did win one item which seemed to be a good win. But when it was all said and done, when you add up what the bids cost you and everything else, I ended up paying almost exactly what I would have in the store. This is a total scam.

Two very different reviews. “Silence B” That is a classic example of why penny auctions get a bad rep, there is always the chance that you may not make a saving, that’s the whole point. If you were guaranteed to get an Ipad for $20 every day then everyone will be doing it! some times you win some times you lose, you can increase your chances of winning by sticking to a strategy but that still doesn’t mean you will win every time.

Whereas Kate B’s post is actually quite insightful, bidding on gift cards is a fantastic way to win your first item. Gift cards are notoriously common, especially on Quibids, and the good thing is that not many people bid on them because they don’t think it will be worth it. That is why you see so many selling for under $1.Here is further proof from the Better Business Bureau:

BBB has determined that QuiBids meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation does not mean that the business’ products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business’ product quality or competency in performing services.

- See more at: http://www.bbb.org/oklahoma-city/business-reviews/internet-auction-service/quibids-in-oklahoma-city-ok-90016706#sthash.8lNaDURq.dpuf

We actually found that Quibids is one of the few penny auction sites that offer refunds when you have won a product, this alone is a reason we regard Quibids quite highly as they focus on what’s important, putting their customers first.

Quibids shipping policy is generally very good, unfortunately shipping fees do occur on most products, these fees will depend on the item. A gift card is only about $3-4 usually and bigger items such as televisions tend to go for about $15. Each product will have the shipping fee in the description so make sure you work it all out before you start bidding so that you’ll  know you’ll be making a saving.

The shipping times are generally around 2 weeks, this also depends on the item but basically the smaller it is the faster you will get it.

As far as the customer service goes, it isn’t the best. We couldn’t find any contact number and it seems that E-mails are the only way to get hold of them which aren’t perfect, their response times to our questions was no less then 5 hours but we would still prefer to talk over the phone or even a live chat service would be optimal.

So overall then, Quibids is certainly not a scam, the site has been running for nearly 5 years now, if the site was a scam then it would have been closed down years ago. The problem is mis-guided users, many people need to learn more about penny auctions and do their research before they sign up. We get many emails every day about how people are claiming these sites are scams because they didn’t win an Ipad for $46.32 like the advertisement promised. Theoretically it is possible to win for $0.01 and this has happened numerous times. That’s just how penny auctions work.

We found that Quibids has the largest amount of auctions available at any given time compared to other penny auction sites, the items ranged from gift cards to brand new computers, whilst 90% of the bidders will try and win the expensive electronic items, we would be bidding on the low priced items and end up winning much more often. That’s an important tip and one which we hope you will take into consideration.

Quibids on the news:

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