Quibids.com is a scam Beware Read comments below as per Consumer Affairs

I was never informed that it would cost me $60.00 every time I win a bid... see now I am overdrawn at the bank. This will end up costing my husband and I 100's of dollars before we can get quiz biz to cancel my account and put my money back. I mean come on people why, WHY WOULD I SPEND $60.01 FOR A 50- DOLLAR ITEM... Someone is tricking people so I think it's time for me to get out the big guns. See my uncle is a lawyer, he deals with people and company's like you every day since him and his team of 8 were just hired by a huge company based in Arkansas. I call him, he said if you don't make this right and place a notice on your home page explaining this to new comers, he will have no rebut except to get you shut down for entrapment, deceiving customers and supplying false or no information. I don't give a flying - - - - but get my money back in the back into the back today.


I registered with Quibids, anticipating future bidding if an item became available that I wished to purchase. At no time during the registration process, was I warned or advised that, by simply registering, my Paypal account would be charged $60.00 for the purchase of bids. Quibids had nothing I was interested in and I had no desire nor intent to purchase bids. That deduction from my Paypal account was greater than my balance, and the excess was charged against my bank checking account, also causing an overdraft charge there. I am now out the $60.00 from Quibids and at least $27.50 (it may be higher) in bank overdraft fees. I request any assistance available to recoup my losses, both with Paypal and my bank.

After checking out QuiBids before I could even hit submit after entering my card info I was charged 60 dollars. What a scam. I hadn't even agreed to use QuiBids and I was charged with some bs. Never use this site.

I was just checking out the site for curiosity, and decided to try a bid that at the time thought was .06 cents for one bid, but to my surprise looking at my bank statement turned out to be sixty dollars, which I did not authorize, but to my surprise I could do nothing about.

I thought I was just signing up and my credit card was immediately charged $60.00. I did not authorize any payment. It was not at all clear about this initial charge. They are supposed to be refunding my money, but it is a big inconvenience to me. I immediately canceled my account with Quibids.

Quibids claims to sell popular items such as ipads for $25-$30. In reality you're bidding against an unlimited number of other bidders. The price for a $399 ipad starts at $0. You buy bids. Every bid costs $.60. Every time somebody bids the auction clock resets to 10 seconds for unlimited times. So when the site claims to sell the ipad for $30, they've received 3000, yes three thousand bids at $.60 each. Auctions for popular items go on for hours, completely wasting most people's time. At the end the company has made $1800 on that $399 ipad. Your chances... usually much less than 1%.

Following some advertisement, I decided to open an account at Quibid.com. I filled in my personal data and was prompted to add my credit card info on the second page. After reading the terms and conditions, I set my mind to try the service with $10, but no more. The basic maths made it look like a scam. At no time did I get a chance to enter the amount I was going to invest, Quibids charged me $60. Chatting with customer this is the answer I got:

Me: “Hi, something went wrong upon registration. I was debited $60 worth of bids after I entered my cc details. I did not intend to authorize this. I want to try the service with $10. Would you please look into it and modify. Thanks.” Jared: “I apologize for any confusion! That charge is for our Starter Bid Package. It was purchased upon completion of the second page of registration. The charge and number of bids in the package were listed above where you entered your billing information. Please note we will always refund any unused bids remaining in your account immediately upon request.”

Let me tell you. The second page registration is set so that you don't see that you are being charged. It is presented as a part of the registration process. As for getting refund, there is no way. You have to oppose it at your bank directly. But that's not the main issue. The main issue with Quibids is the maths. A bid costs 60 cents. Think about it, this is an outrageous amount. Each bid increments the selling price by 1 cent. Rarely, for some expensive items (>$800), it is 2 or 5 cents per bid. Typically, an auction settles at 10% of the (Amazon) retail price. For example: Say, you are bidding on a $300 smartphone at Quibids, you should expect its sale price to settle between $20 to $30 in 75% of the cases.

Here comes the demonstration of the scam. Item: a $300 smartphone. Item final price is $20 = 2000 cents. 2000 cents x 60 cents per bid = 120 000 cents - that's 1200 dollars. Read well, a $300 item earns Quibids 1200 dollars. This is called a scam. It is not an auction. It is not retail. It is lottery. But there is more. I found with undeniable evidence that the competing bidders are automated programs working for the house, not real people bidding for themselves. The object of these programs is to outbid you constantly. They will never let you go away with the item until your bids total is greater than the item price. This is a scam by any standard; and it is a felony in all states.

Quibids is not an auction house. It is, in my opinion, assimilable to a Web casino. And the game is more like a lottery. By law, it should not be allowed to continue its activities in the US. I don't care to complain on my own. But I would gladly join a group or offer my testimony to anybody who cares to carry on with a legitimate lawsuit to stop these crooks.

http://www.consumeraffairs.com/retail/quibidscom.html