Before this QuiBids review goes into the details of how the website works, it is important to understand the principle behind penny auction websites. The QuiBids.com is one of the most popular sites in this niche. Penny auction websites offer products that are rather costly when bought at full retail prices, for a fraction of their retail cost. For example, an electronic gadget like the latest iPad would normally retail at a starting price of $500. As a winner on QuiBids, you may be able to win it for $20.
However, members of the auction website are allowed to only bid for a single penny at a time during the auction. What really draws people to these websites is the fact that the final buyer gets the product at a price way lower than they would have got it off the counter.
QuiBids review: How the website works
The first step is to sign up so you can have an account on the website, for all your transactions. In order to participate in any auction, you will have to buy bids, each of which costs $0.60. You will then proceed to choose the product you intend to bid on. There are hundreds of these products ranging from simple electronics to the high-tech products such as the Ultimate Apple Macbook. Bidding is as simple as clicking on the “Bid” button of the product you choose. If you are the last bidder of a given product, you win it.
So, is QuiBids legit?
In short, they are absolutely legit and very stable. Nevertheless, it’s still quite difficult to win. Here are the important highlights of this QuiBids review to help you make this determination as well. When you sign up, you will pay for a pack of bids before you start placing your bids on the items listed on the website. The QuiBids platform is designed to treat each bidder fairly and with equal opportunity.
QuiBids has been in operation for a long time and is recognized by the law as legit. If you have seen their commercials, you will notice they are well established and attract many customers. Quibids is currently the largest penny auction website in the US and has a rapidly growing attraction.
QuiBids review in summary
QuiBids is the biggest penny auction company around. If you follow their own careful training instructions, you have equal opportunity to win items for cheap. There is usually heavy competition, but if you are patient and learn good bidding strategies, you can succeed. The website deals in real products and there are thousands of real winners every day. The combination of savvy bidding and a little luck on the bidding process will allow you to walk away with the winning bid on an item that is far more expensive in traditional stores.
We recommend spending time searching the internet for the products you want and comparing prices. You will save time – and time is money. QuiBids may be legit, but penny auctions are a tough game which causes the majority of shoppers more frustration than they bargained for.
Do you know anything that we have left out of this QuiBids review that could be helpful? We would be glad to hear from you. Kindly share your experience by posting a comment below.