subject: Is Qui Bids A Hoax? [print this page] Quibids.com is a well-known company in the bid auction sector and the question frequently comes-up: Is Qui Bids a hoax?
Many people saying that Quibids.com is indeed a rip-off take their opinions to online auction blogs, online auction Web forums and even the Better Business Bureau. These people accuse Quibids of a variety of offenses, most of them focused on the penny auction bidding process.
Some Quibids bidders say theyre charged for an item they never bought or used. With a closer look at how Quibids and other bid auctions work, however, we learn that this isnt entirely true. What often happens is that when they first sign up, new Quibids customers are given the chance to purchase bids (which are required to participate in live auctions). Some of these customers get through the entire registration process without actually paying much attention to the large and small print, and mistakenly think theyre buying a tangible product. Others wrongly believe they are only charged if they bid on an auction. As far as we can tell, in both cases this is a result of customers failing to read the terms and does not mean Qui Bids is a rip-off.
Other complaints say that Quibids.com manipulates their auction clocks to hoax bidders. But again, after a closer look we learn this is largely based on misinformed participants. Some of these Qui Bids complaints point to the fact that every time an auction nears its end, Quibids automatically added time to the clock. This, critics say, must mean that Qui Bids is rigging bid auctions and ripping off bidders. But really, thats just how the online auction is formatted. And anyone that takes the time to comprehend online auctions knows this.
Another Quibids.com hoax complaint focuses on bidders that dont win the auctions. These people claim the bid auction circuit is simply a losing game, and that unless youre one of the lucky winners, youre going to lose a lot of money. Looking into the claim though, we can see that Qui Bids offers a buy-it-now style auction. This essentially allows a bidder the option to purchase any item he doesnt win at retail, and lets him use spent bids towards the purchase price, protecting the bid investment.
Overall, Quibids seems to run a legitimate bid auction operation and as far as we can see is not at all a scam. participants are clearly informed theyre signing up to play in auctions, that bid auctions cost money to participate, and that they have the chance to purchase merchandise for retail when they dont win. However, some simply fail to read these terms and falsely blame Quibids.com of swindling users out of their money.
