QuiBids Review: At a Glance
Online auction sites are nothing new, however QuiBids is an online auction site with a twist. This auction site, or entertainment auction site, as it officially prefers to be called, resets the timer countdown allowing bidding to continue until no one is bidding any more. This actually simulates more closely the offline auction mode where there is no timer present.
Official website: http://www.quibids.com/
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QuiBids Review: A Closer Look
QuiBids is a place where one may be able to win an auction for mere pennies,
but it actually has several “twists” that make it different from other online auction sites. These concern the predetermined bid increments; the need to actually purchase bids; and the clock management technique.
- Every auction has a predetermined amount that each bid increases the sales price. These bid increments seem to be either one penny, two cents or five cents
- Upon creating an account, in order to participate in an auction it is necessary to buy bids. Prepaid bid packs are sold at the rate of $.60 per bid. This means that every time a bid is placed it cost the bidder $.60.
- Each auction has a timer that counts down continuously until it gets below 20 seconds left. From that point the timer will be reset to 20 seconds each time a bid is placed. If this process continues too long, QuiBids will then reset the timer to 15 seconds and finally to ten seconds until no one bids again and the timer runs out ending the auction.
These features also make the bidding strategy different for this site than other auction sites. For this reason, QuiBids provides beginner’s auctions that seem to have typically lower valued items to allow people to learn the system before attempting to win a higher ticket item. They also suggest watching auctions of items similar to those that a person is interested in, to gain insight to the process.
QuiBids not only uses the timer to try to give everyone an equal opportunity to win an auction, they also actually limit the number of auctions any one person can win within a specified time frame. Any single user account may win a maximum of 12 auctions within a 28 day timeframe. Additionally any single user may only win thpree auctions in any 24 hour period, and furthermore may only win one auction of the same item with a value of $285 during any 28 day time frame.
QuiBids- The Truth
This auction site,started in 2009, is indeed enough different that it may cause people trouble until the differences are fully understood. The idea that each bid costs $.60 means that if regardless of whether you win the item, you are still paying that $.60 for each bid you placed. It can be a little confusing since the actual bid price only goes up 1 cent but it costs 60 cents to place the bid. Certainly QuiBids offers the opportunity to purchase items at a greatly reduced rate and the site seems to go to great lengths to educate its users. Most complaints appear to come from those who did not completely understand the program. So before jumping into this program, do your homework and you will have a much better experience.
Do you have any experience with QuiBids? I welcome any comment or opinions.
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