My QuiBids Experience

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How QuiBids Works

My first experience with QuiBids was in July last year. QuiBids is an online penny auction site where you can bid on products such as Wii and Xbox games, ipods and accessories, televisions, cameras, camcorders, laptops, small kitchen appliances, and restaurant and retail gift cards.

I had heard of QuiBids and thought I’d check it out. I set up my profile and bought a beginner’s bid pack of 75 bids for $45 (or .60/bid). I looked around the site a bit, and decided to come back another time. I liked some of the big ticket items, but didn’t want the big ticket price tag at that time.

This weekend I went back. I had been getting emails from QuiBids in my spam mailbox, but didn’t read them. Had I taken the QuiBids101 course and quiz, or maybe read those emails, I would have known that I forfeited any unused bids after 6 months of no activity! Another life lesson learned.

Since I figured out pretty quickly how I parted with my cash, I decided that QuiBids was very straightforward about their practices; nothing overtly deceptive. I saw their Better Business Bureau endorsement, and decided to go ahead and buy another beginner’s bid pack. Almost immediately, I won an auction. For .04 I was the proud owner of a $15 WalMart gift card. I do a lot of shopping at WalMart for groceries, home goods, cleaning supplies, health and beauty supplies. I went to check out my new purchase. A $2 shipping and handling charge was added to my .04 purchase, but I was still a happy customer.

Feeling a bit overconfident, maybe even cocky, I started bidding on a TV; a 22” LG LCD HDTV to be exact, and several other items. I’ve been converting one of our empty bedrooms into a workout room, and have thought that a TV in there to play exercise videos on, or just to watch while I mark time on the exercise bike, would be a good idea. The TV auction closed. I didn’t get my bid in on time.

I could hear the familiar sound of an incoming email message. It was from QuiBids again. Every time I won an auction or completed a transaction, I got an email from QuiBids. This one was different. According to this one, even though I had not won the TV auction, I had spent $42 bidding on the TV. QuiBids was allowing me the option of applying that $42 toward the purchase of the TV if I exercise the option within 2 hrs.

Hmm. If I don’t buy it, I’m out $42. I was going to buy a TV anyway. I have the money. I did a search at WalMart.com to see if they sell the TV and for how much. The TV at QuiBids was priced slightly higher than the same TV at WalMart; about $45 higher! So, there really was no benefit to buying the TV at QuiBids, and I was going to be out another $45 or so either way. I went ahead and purchased it.

Then I was notified that I won a QuiBids Achievement Badge! I had won several achievement badges that day. What a good little achiever I am! And how very pleased QuiBids must be with their newest achiever!

I went back to bidding on $10 and $15 gift cards. With 1 bid I won another gift card. With another single bid, I won another gift card with a bid voucher of 5 free bids. I started bidding on bid vouchers for free bids. While bidding, I was notified that I had reached the limit of winning 3 auctions in a 24 hr period, and wasn’t eligible to win anymore.

The next day, I took the QuiBids 101 course and quiz, and earned a badge for that. In it I learned some of the things I had learned the day before from trial and error, and for a small price. I also learned about the three biggest mistakes beginners make: 1) unrealistic expectations, 2) setting sights too high, and 3) not taking time to familiarize oneself with the site.


Update

My LG TV from QuiBids arrived safely at my doorstep. It was very light and easy to carry in. It works great and is now hooked up to Direct TV in my exercise room.  Now I can listen to music or watch TV while I work out, or sit on my exercise ball or exercise bike while I watch TV!  My bids are all spent, and it will be awhile before I return to QuiBids.  I wonder if QuiBids gives out free bids to people who haven't signed in for awhile.

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Comments 9 comments

FGual profile image

FGual 5 years ago from USA

Thank you for sharing your Qbids experience. I signed up for their email alerts, and wondering if their fantastic savings are real. It's so easy get the exciting auction bidding bug.


dahoglund profile image

dahoglund 5 years ago from Wisconsin Rapids

I have bought on ebay and other auction sites.I approach them like I would gambling and set a limit on what I will bid on any item. I will not raise the bid even one cent over that.


kimh039 profile image

kimh039 5 years ago Author

No problem, FGual. Thank you for listening. I felt like I was on a slot machine without all the noise! Be careful. First the emails, then the bidding.... That's how it gets started. LOL. Have some fun too, and let me know if you catch any of those fantastic savings. Hmmm. I think I understand why fishing might be fun. Be sure to come back and tell your fish tale, FGual.


kimh039 profile image

kimh039 5 years ago Author

@dahoglund, you can be sure I will next time! I won't bid on anything big unless I plan to buy it. Those little $10-15 WalMart gift cards for .04 are a good fit for me. The bidding was getting pretty high on some of them. I guess once you've got some bidding in, you want to make sure you win! I've never bought on ebay or any other auction site before. It is gambling!


Mentalist acer profile image

Mentalist acer 5 years ago from A Voice in your Mind!

I'm not set on staring an account in order to gain access to bidding,but,still,an interesting idea.;)


kimh039 profile image

kimh039 5 years ago Author

That may be a wise choice, at least for now. thanks mentalist for checking it out with me!


kimh039 profile image

kimh039 5 years ago Author

If you do decide to check it out, here's a referral link: http://www.quibids.com/?refer=1599286 . If you buy bids, I get some free bids! I only have 5 left:(


Man from Modesto profile image

Man from Modesto 4 years ago from Kiev, Ukraine (formerly Modesto, California)

I personally hate quibids. I joined there, then realized that each member actually has to PAY just to bid. I realized that noone buys an ipad for $12. Each bid only bumps the "sale price" (a misnomer) up by 1 penny. This means that the $12 ipad actually sold for 1200x 60 cents = $720.

It is basically like gambling with a little strategy involved. Even in the casino, you can time your entry onto a slot machine by watching someone empty their purse without a win in 30 minutes, then walk up and "steal" the winnings.

However, when I asked for a refund of my unused credit, they refunded it without problem.


kimh039 profile image

kimh039 4 years ago Author

I haven't been to QuiBids myself for awhile, Man from Modesto. Thanks for sharing about your experience with QuiBids....and I'm glad your story had a happy ending:)

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