There are several posts where I talk about Quibids review. Quibids is a great penny auction site that is legitimate, which means they are not closing shop after robbing you, like so many other sites on the internet. However, that doesn't mean that everything they do is good. There are things I don't like about Qubids, which is the purpose of my series on Quibids review.
Here, I want to talk about Quibids price as shown for the items that are previously won. What I mean is, when you open an auction for say 100 Quibids bids, you will see, on the left hand side of the page, information about how much the item was sold for recently.
In the image above, you can see that Quibids 100 bids voucher shows for selling at $0.01. Wow, now that can be some misleading information! Of course, this is the lowest price it can go to, but as all Quibids bidders know, this is HIGHLY unlikely. Quibids wants to attract more people by showing cheaper prices for products. Of course they are not lying because there was an auction that did sell for so cheap - see the image below.
However, these events are extremely rare, and can easily mislead new Quibids customers into expecting this to be the price. Experienced Quibids users may easily see through this.
The average price, I am guessing, will easily be 500 times or more! Here is a typical Quibids 100 bids auction:
What I don't like is that Quibids changed this very recently. Up to a few months ago, they would never try to show the cheapest auction price in the 'Recently Sold for' section. This is a recent change. In fact, I remember at the very earliest times, they would deliberately put a very high price here! The reason I think was because if they put up a very low price, people might suspect it to be a scam. However, of late, more and more people seem to know about penny auctions.
I like Quibids because it is different from all the rest of these sites. However, by towing the line by showing the cheapest price as that for which the item was recently sold, Quibids is simply losing the tag being good and honest. There are many positive changes in Quibids too, which I like, but this is not one of them.