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Beware Quibids...

kaleokahu Jan 27, 2014 11:44 AM

Just a word to the wise.

There's this new "auction" site on the ascendant called Quibids, seemingly with new ideas and low prices on a variety of new items, including cookware. The idea is somewhat intriguing: Bidders are charged $0.60 *per bid*, bids are only possible during the final 5 minutes of the "auction", and each bid extends the close of the auction by a short interval. Supposedly, even if you "lose", you can still buy the item (because they have a stock of each item) at a "discounted" price minus your original bid charges. You can also pre-program bids, sort of an in-house auction sniper feature.

You "join" by creating a profile and storing your credit card info. What they DON'T convey clearly is that there is an immediate $60 charge to your card, effectively pre-paying 100 bids!

Upon getting an email to the effect that I'd already been charged $60, I canceled and demanded my money back. They fought me until I threatened a Federal Trade Commission complaint, and then grudgingly issued me a refund.

Beware Quibids!

Aloha,
Kaleo

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  1. tcamp RE: kaleokahu Jan 27, 2014 12:02 PM

    I looked into Quibids a while back and smelled a rat:

    http://www.sitejabber.com/reviews/www...

    Glad you got your money back.

    1. f
      ferret RE: kaleokahu Jan 27, 2014 12:32 PM

      Scammy "penny auction" site.

      1. s
        sueatmo RE: kaleokahu Jan 28, 2014 04:33 PM

        Thanks for the heads up.

        Are you still buying from the Goodwill auctions?

        1. d
          danlind3 RE: kaleokahu Jan 28, 2014 06:47 PM

          Their ads have been around for awhile. Huge TVs for a few bucks, etc. Now way that is legit. Thanks for explaining how/who is making money. Just for rants, I hate ebay/paypal. Everytime, I select paypal, not bill me later. Then it switches me to bill me later. One can switch back, but they are so mean to do that. I hate them for that, and use ebay much less than I used to.

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