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What is Quibids? Is Quibids Worth It?

Welcome to Quibids review!

Congratulation in making an effort to research before on making Making Money Online Program. 

Today we are going reveal about Quibids which is very different program compared to usual review. 

There many legitimate ways promising making money online and save penny doing some necessary work. 

So Let's be very transparent and honest with you here, I am not a referral of any of this program but I am here to help my reader by providing more information so that they are able to make their decision. 

So let's get started. 

Quibids Summary Review

Website: www.quibis.com

Founder: Matt Beckham (CEO)

Founded: 2009 in United States

Rating: 5/100

Summary: Quibids is a retail website operates as a bidding fee auction, also known as penny auction

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Quibids Overview

Quibids is a website that claims to use “penny auctions” to provide the sense that users are purchasing various items at lower-than-retail prices.

However, sites like these don't tend to be what they seem, so it's important to make sure that you do the math.

The thing about these websites is that they can often appear like a goldmine, but really have catches that can result in you paying even more than you might normally in some cases.

Due to the misleading design, they can become a problem for those who only look on the surface level of the overall website.

What Is Quibids and How Does It Work?

Using Quibids, you keep track of auctions that appear to be made up of bids consisting of a single cent at a time.

However, it's important to keep in mind that each “cent” on the Quibids website is actually $0.60 of the actual money in your pocket.

As a result of this disconnect, prices can appear much lower than they actually are.

It's important to keep this in mind when you take a look at penny auction sites like Quibids because they appear to be a way to save a lot of money on electronics and other things, but that isn't actually the case.

When compared to websites like eBay, many can see the disconnect.

eBay displays prices that are true to the actual currency that the user pays to get the item. On the other hand, each cent on Quibids is equal to over half of a real-world dollar.

So essentially, if you win an auction on key bids with a final price of $20.00, you need to keep in mind that every cent of that is actually $0.60.

As a result, rather than the $20.00 you see, the actual cost of the winning bid is $1,200.00. Not as cheap as it looks!

The Most Profitable Ways to Make Money On Quibids

Overall, Quibids is not a profitable option, while it might look like one.

If you get lucky, you may be able to find some items for a low-enough cost that you can still save some money, but it's unlikely.

It's far better to use standard auction sites, or just save money to get the item you're seeking.

While Quibids may appear to look like it's a great option on the surface, it's really best to steer clear of sites like these altogether, as they tend to be more trouble than they're worth.

There's little to redeem the site overall, including the added option to buy the product right out rather than bidding.

In addition to that, it's worth keeping in mind that Quibids isn't considered an approved retailer for a wide variety of brands.

As a result, there is a possibility that promised warranties won't be honored if you purchase an item through the site.

Consequently, this tends to be an option people look into when they want a quick fix, but it's not one that is going to be helpful overall.

There are no fast and easy answers when it comes to money, so budgeting and saving are far better choices than reaching out to sites like these.

Who Is Quibids For?  

Quibids Tools and Training

It doesn't appear that there is a great deal of tools or training, as this isn't really a kind of job.

However, you can likely expect a few pages on the basics as well as the ability to contact customer service or at least an FAQ to check out.

Quibids Support

As mentioned earlier, Quibids does offer some FAQ style pages to help with answering some of the more basic questions you may have.

These can give you an idea of how the website works overall. On top of that, you can also contact customer service directly if you want more help.

Quibids Pros/Cons

The Good

The website is relatively easy to navigate, and it does explain the cost of bids so that you'll be aware of what you're spending.

Make sure that you do the math carefully and consider whether or not purchasing bids is worth the cost.

Aside from that, the process does seem to be rather simple so you won't need to worry about being confused by how to bid.

If you find that something doesn't make sense, then you can also check out FAQ pages or send an email to the customer service department for a little bit of extra help.

The Bad

Truly, with websites like these, there is more bad than good.

First of all, the cost of bids ensures that prices you actually end up spending aren't as low as they appear to be.

This is a way to attract those looking for a quick fix when it comes to getting something they want.

However, odds are you'd end up paying the same amount as you might elsewhere, or sometimes more.

If you decide to try it, make sure to do all the math so that you know what you're getting into. In most cases, it's better to just use an auction site like eBay.

My Final Thought on Quibids

In all honesty, Quibids isn't really worth the time. It claims to make things easy and cheap when they are in fact more complicated and expensive than you'd expect.

It's not the most honest way to approach such a business, but it can draw in those who want cheap goods.

Well, wanted to know any better choice that worth your time dig more more about passive income?

Yes, I got you covered on this. 

Keep reading. 

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So now It's Your Turn Now. Feel free to leave your comment below and I would like to hear from you. 

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Maxx Tan
 

Maxx is an experienced online marketer that would like to give a hand to those wants to achieve more in building a successful online business. He also has a strong passion for investing and spent most of his free time doing research and trading.

  • Karin Nauber says:

    Thanks for the review of Quibids. I always kind of thought it was a rip off site because I figured there was no way they were  basically “giving away” all these new products. I watched one of these auctions once just to see what it ended at… It took forever because every time I thought the auction was going to end with just a second left, someone would bid and another 10-20 seconds was added to the auction! At .60-$1 per bid, I could really see these items selling for far more than the $20 or whatever amount the auction actually ended at! It made me wonder if people understood what they were actually spending. 

    • Maxx Tan says:

      Haha, this is how they earn their money by using people emotion. Once you know how is the trick you won’t fall into the trap anymore. 

      Thanks Karin for your feedback here. 

  • Kris says:

    I’m not really a fan of these kinds of things, Quibids looks confusing and almost scam like.  I like just good old fashioned techniques, what you see is what you get.

    Your review has not made me want to get into this program, eBay looks better.  Thanks for giving us the heads up on Quibids, I wont be signing up anytime soon.

    • Maxx Tan says:

      Hi Kris, frankly Quibids is not a scam but know as  retail website operates as a bidding fee auction. It was founded in 2009. 

      Thanks for your feedback. 

  • Dave says:

    I had been doing some research and I came across Quibids. I’m always looking for a good deal or a sale and I thought this was finally the site that I had been looking for. Thankfully, I found this page and learned that Quibids was a little trickier than I thought it was. The unfortunate part is that I would most likely be paying the same price as I would otherwise. Very disappointing.

  • Riaz Shah says:

    Every cent amounts to $0.60, wow that is costly!

    For $20.00 that we see, the actual cost of the winning bid is $1,200.00 and for $100? $6,000 right? My math is little slow but one thing I do know is that Quibids is not worth anyone’s time with that kind of fee, I think the part where they think they’re clever is when many of its users do not know the amount of fee calculation they should be paying. Back to eBay I guess 😀

  • Seun Afotanju says:

    Thanks for making a review on this site. It has way too much information about quibids which is going to be of help to so many out there, by giving us an insight how this site operate. In my opinion I would say this isn’t recommendable by me because it’s a total waste of time, as they make it difficult for me to know their purpose.

    • Maxx Tan says:

      Yes Seun Afotanju, they claim things are easy and cheap but in fact more complicated than you will expect. 

  • Regina N Obi-Okeke says:

    I would have loved to know how you made the $5000 in a day and more. I am still learning and making some progress in my website though. As for the quibids, you are absolutely right. I tries something of that biding thing a while back and discovered you have to add certain amount with your credit card which is not the stated price on the bid item so I withdrew. The funnies thing about that biding site was the advertisements where people claim to have worn items worth thousands of dollars for some fraction of dollars. It is really good if all the fine prints are made bold enough so people will know what is going on. I appreciate you sharing this.

    • Maxx Tan says:

      Hi Regina, Thanks for your feedback here. I earned my 4 digits through Affiliate Marketing and if you scroll down the bottom of the page I have shown you the exact method I have used. You may check it out from there. Thanks

  • Promise joshua says:

    This is an in-depth review of the Quibids. I have never heard of this term before.

    BUt from the look of things, i feel Quibid cannot compete with bigger sites like eBay and the rest. But they still have good and valuable products that are a lot cheaper. What do think?

    • Maxx Tan says:

      Hi Promise Joshua, I have the same thought with you here and I personally also feel like not worth my time. 

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