• Report: #716024

Complaint Review: QuiBids.com

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  • Submitted: Sun, April 10, 2011
  • Updated: Thu, May 26, 2011

  • Reported By: ItalianBrian — Syracuse New York United States of America
QuiBids.com
4 NE 10th, Suite 242, Internet United States of America

QuiBids.com QuiBids Holdings LLC QuiBids.com is a RIP OFF. This site is meant to work AGAINST its consumers! ONLY winning the occasional "VOUCHER" for MORE BIDS! Internet

*UPDATE Employee: Please Contact Our Support

*Consumer Comment: IT A SCAM

*Consumer Suggestion: To All Quibid GAMBLERS!!

*UPDATE Employee: We do not engage in deceptive practices

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When you register with QuiBids.com you are asked for your credit card information, and you MUST PURCHASE A $60.00 Package/Bids. I understood this. I also understood the bidding process. However the "Bid O Matic" feature is VERY DECEIVING. QuiBids.com tries to offer you "how to's". I read them. But you must have to be a LAWYER to truly understand the logic. Somehow, Someway I LOST an auction that ended at a ridiculously LOW price, when I offered to pay MORE than it ended for using the Bid O Matic Feature?? VERY CONFUSING & DECEIVING.

QuiBids.com ripped me off for about $86.00 last night, and I am going to plaster my experience on EVERY Consumer site I can find. I am also going to write more editorials to various media outlets warning of their deep deception.

I will bet dollars to donuts they "shill" bid to make you lose as well.
There IS a no win scenario, and it exists as QuiBids.com.

Save EVERYTHING you do on that site. Keep good track.
STAY ON EBAY and Amazon, at least you know what you are getting in SIMPLE TERMS!

This report was posted on Ripoff Report on 04/10/2011 01:30 PM and is a permanent record located here: http://www.ripoffreport.com/r/QuiBidscom/internet/QuiBidscom-QuiBids-Holdings-LLC-QuiBidscom-is-a-RIP-OFF-This-site-is-meant-to-work-AGA-716024. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE Employee

Please Contact Our Support

AUTHOR: J4me10 - (United States of America)

If you are still confused about our services, always know you can contact our customer support.  We're happy to take care of any questions, comments or issues you may have.

Regarding auctions and their profits - you always have to take into account the number of BuyNows there are, in addition to the number of free bids that were used.  This drastically changes the end number.  On this note, please know the BuyNow feature is always available should a participant lose an auction.  This assures that you won't be out your money and you will still get the product.
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#2 Consumer Comment

IT A SCAM

AUTHOR: Chef - (U.S.A.)

  ok lets do simple math here, you join the site you pay $60 for 100 bids that is 60 cents per
bid.

Exampe 1.

If they sell an IPAD for say $80 that means there were 8000 bids on the IPAD because the
price only goes up 1 cent per bid.  well 8,000 times .60 cents (price you pay per bid) =$4,800
plus the 80 it sold for is now $4,880 the total price that was paid between the bids and the
selling price.  So for a product that retails from $500 thru $1100 depending on the model

Top of the line $1100 minus $4,880 is a profit of $3,780 now if this is not a ripoff or scam what
is.

Now I know 1 person is not making all 8,000 bids, but if you do not think someone from this company is not on the other end bidding on the auction you must be crazy.

Yea it is great if you can get the IPAD for $80.00 by only bidding a few times but this
company is making huge profits off the american consumer. Talk about price guaging

REMEBER THE BOTTOM LINE IS THE COMPANY MADE IF IN EXAMPLE 1 IT WAS THE TOP OF
LINE IPAD THE COMPANY MADE $3,780 From THE AMERICAN CONSUMER FOR AN $1100 item

THERE IS A SCAM HERE
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#3 Consumer Suggestion

To All Quibid GAMBLERS!!

AUTHOR: LetTruthBeKnown - (United States of America)

I just found this site a month ago and have spent nearly 600 bucks with nothing to show but some junk items that I never ended up buying anyway! This site is very dangerous. At the same time I admire the creators very much for such a genius concept. This is NOT an auction site-it's a gambling site.

I didn't understand the system or what I was doing until I was deep in the hole. I know now that this is not just an auction-it is also a question of timing. YOU ARE BETTING not bidding. You cannot go into any of these auctions without having an idea of what you want to spend. I have watched so many of these items and I can see general prices that these items finish but you can never be certain. The second night of me not being able to put the computer down my girlfriend said I have a gambling problem now. I didn't think she knew what she was talking about because there are a lot of numbers you have to consider when playing this site and I was excited to get a good deal. Her father is a gambler and she recognized the symptoms-without knowing anything about the site. As I type this I am bidding on 250 voucher bids to reduce my price per bid. Hooked. Lets leave it at that and let me make a few things clear so I can get back to my addiction

1. You are betting-not bidding. You are betting on where the auction will finish and paying everytime you bid. Like buying a lottery ticket

2. Don't participate in something if you don't know how it works. That's dumb.

3. There are ways to come out on top if you are careful and strategize. Having said that people can walk into your auction fresh and full of bids after you've been in a bidding war-so there is ALWAYS a chance of being screwed. 

4. If you are serious about getting stuff on the site use a spreadsheet so you can see what you're actually spending. There's more to it but I don't want to give too much away....

There are a few more tips I would share but I want to continue on this site until I get somehow of value from it so I need you foolish bidders to continue bidding stupidly so I have some edge. I think you need every angle possible to come away a winner-because just like in Vegas...in the end they get everything. The house wins it all. Stick and move or you'll probably get taken. 

Last thing. Don't hate the player-hate the game. I see everyone blasting this site as a scam but it's not (as long as they don't have undercover bidders pushing the prices up. I am on this rip off site because I witnessed some moron bidding 252 times on a 250 bid voucher. If you do the math it could make sense but I'm not getting into that) They SHOULD be more clear about what you are getting into but it's a clever, genius work of art that makes a butt load of money for the owners. The only thing I see as unethical is that the site is advertised as an auction-which it IS in format but it really is a betting site and in a way it's also a pyramid scam.

The government uses the people in this country as cash cattle-and so do the corporations. This is a capitalistic society and if you can create the image of a dream or ideal that people want and have them pay money to be a part of it-you are playing the game brilliantly. Quibids has followed through with what they've promised. it's just not what it seems. Ok maybe they are slightly messed up ethically since so many people are getting bamboozled but I can't but help wish I thought of the damn idea myself though.
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#4 UPDATE Employee

We do not engage in deceptive practices

AUTHOR: J4me10 - (United States of America)

We're sorry to hear you had a negative experience and that you feel the way you do.  One of our goals is to inform our customers of how our site works, which is precisely why we thoroughly explain the model on our site, in addition to our QuiBids101 section.  We plainly state how our model works in the most basic way possible.  If you have a suggestion on how to make it more clear, feel free to write into our support to let us know.  We'd be happy to listen.

We pride ourselves in our ethical business practices. There is a reason we have an A rating and are accredited by the BBB.  We do not have shills of any kind as it is against our company policy - every auction is customer-driven.  We have thousands of winner every single day and many testimonials who can verify it.

If you have any other questions/concerns, please contact our support at support@quibids.com.
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