Quibids, Bidrivals, Penny Auction scams

What a great way of making easy money… if your the owner of a penny auction website.

Unfortunately I cannot say the same for the user that can spend days on a bidding war, against internal software bots, wasting more and more money buying credits to be able to make more bids.

Before anyone signs up to www.Quibids.com , www.Beezid.com , http://www.bidfun.com , http://www.dealfun.com , http://www.bidrivals.com , please just monitor 1 live auction, then decide if you want to waste your money on buying a bidding pack, again and again and again .

Having said that, even though it is a legit business, it is still a scam, just like poker machines..

Penny Auctions is based on a certain model that uses internal software timers and bots that makes all auctions never end, until the site owner has made a substantial mark up from legit bidders using up their bid packs, again and again..

Penny Auction review by choice:  http://www.choice.com.au/reviews-and-tests/money/shopping-and-legal/shopping/penny-auction-investigation.aspx

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4 Responses to “Quibids, Bidrivals, Penny Auction scams”

  1. Brian says:

    I’m convinced they have bots too, after watching a few auctions go down. I observed something or someone pay $64 in bids and final price for a $15 amazon gift card, which makes no sense whatsoever. Sure, people are often very stupid, but surely not that stupid?

    I would have no objection to the game if it was not for the suspected presence of artificial bidders although I still wouldn’t play it.

  2. Linda says:

    I have won several major auctions on Quibis Aust website but nowinning items can be supplied.It was confirmed by and agent for Quibids that the items were not in stock when they were auctioned. Th ecompany got $13321.00 for 1 item that was worth $900.00 and will not supply it 6 weeks later.

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