If you’ve watched the advertisements lately and have been curious about how Quibids.com actually works, this article is intended to enlighten you.
(Updated for 2013)
What is QuiBids.com?
QuiBids.com is an innovative auction site launched in 2009 that follows the system of modern day online bidding fee auctions. Basically, bidding fee auctions like QuiBids.com bid items starting at a zero cost. Bids are then done by customers which will increase the price by one penny per bid and usually costs sixty cents each bid initially. Once a bid is placed, the item’s timer will be refreshed by a few seconds. In QuiBids case, it’s twenty seconds.
Is it legitimate?
Penny auction sites have been deemed controversial by the internet since a lot of customers have been scammed out of their money. However, most of these instances can usually be attributed to phantom sites and sometimes due to some misunderstanding regarding the bidding fee auction’s system and process. Phantom sites are websites that pose to be legitimate penny auction sites but once they get a significant revenue or profit from customers, they disappear from their domains without delivering the won goods to their supposed clients. When it comes to the confusion and complaints geared towards legitimate bidding fee auctions, it is usually due to customers’ failure to fully understand the process of penny auctions.
So what about QuiBids.com? QuiBids.com has been operating on a singular active domain since its launch. One thing that sets the site apart from other penny auction sites is the fact that QuiBids is actually accredited by the Better Business Bureau as well as Grant Thornton. Also, QuiBids has a beginner’s auction system which functions as a tutorial for new customers to avoid common conflicts and objections regarding the bidding fee process. Indeed, QuiBids has had several complaints filed against them, however, they have a fully functional and accommodating support team and customer service to handle these matters.
Auctions and Competition
Most of QuiBids’ clients are already tenured bidders making it hard for beginners to win bids in their main auctions. However, as mentioned, there is a place for newcomers in QuiBids. This is the beginner’s auction which lets new bidders bid among themselves thus lessening the competition.
(Continued on Next Page… Features and Benefits)
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