Save up to 95% off on brand-new items
with QuiBids.com, the worldâ€™s largest entertainment auction site! Customers choose QuiBids because the site hosts more than 5,000 auctions a day, all for HUGE deals on iPads, HDTVs, cameras, laptops, appliances, gift cards and more! Buy a Bid Pack for $60 and start winning today
Before this QuiBids review
goes into the details of how the website works, it is important to understand the principle behind Penny auction websites, of which QuiBids.com
is part of. Penny auction websites offer products that are rather costly when bought over the counter, for a fraction of their retail cost. For example, an electronic gadget that would normally retail at $500 is offered for about $20.
However, members of the auction website are allowed to only bid for a single penny at a time during the auction. What really draws people to these websites is the fact that the final buyer gets the product at a price way lower than they would have got it off the counter.
How the website works
The first step is to sign up so you can have an account on the website, for all your transactions. In order to participate in any auction, you will have to buy bids, each of which costs $0.60. You will then proceed to choose the product you intend to bid on. There are hundreds of these products ranging from simple electronics to the high-tech products such as the Ultimate Apple Macbook. Bidding is as simple as clicking on the â€œBidâ€ button of the product you choose. If you are the last bidder of a given product, you win it.
Does QuiBids scam people?
Here are the important highlights of this QuiBids review to help you arrive at the best answer to this question. First, you will be required to pay before you start placing your bids on the items listed on the website. Additionally, you are restricted and cannot make increments on your bids as you desire. The QuiBids platform also seems not to have an independent third party to monitor the auction process to ensure that neither the seller nor the bidder is treated unfairly.
On the other hand, www.quibids.com and other similar websites have been in operation for a long time and are recognized by the law as legit. Quibids is currently the largest penny auction
website in the US and has a rapidly growing attraction.
QuiBids review in summary
Unlike most of the recognized auction websites, QuiBids acts as the seller and the auctioneer at the same time. This seems to be a step to create a way of forcing the prices up for the sole benefit of the website. However, the website deals in real products and there are thousands of real winners every day. However, it seems that it is not the diligence of the bidders that makes them win, but sheer luck.
Do you know anything that we have left out of this QuiBids review that could be helpful?
We would be glad to hear from you. Kindly share your experience by posting a comment below.