BBB has a good Quibids Review. In fact, many penny auctions boast of a good BBB Review. In fact, it is one of the highlights on their site. A common symbol is "BBB Accredited" business. This certainly lends credibility. However, it may not be as safe as you would like to believe.
As it turns out, BBB is as sold as other ratings agencies. It was an interesting read, an article on LA times about BBB ratings. It appears that BBB had given an A+ rating to Goldline that was not deserved! This is blasphemous to say the least. You would be aware that GoldLine is under federal investigation of fraud and misleading customers into buying overpriced antique gold coins.
A lot of ratings agencies have lost credibility especially after the financial meltdown. I am certainly not suggesting that BBB accredition is pointless. However, I am saying that just because a penny auction has a good BBB rating, you should not trust that blindly. BBB has given Quibids review an A-, which is probably well deserved. However, the same cannot be said of all penny auctions.
To keep yourself updated, read my Quibids Review, BidHere Review, DealDash Review, ScoreLuxe Review, BidRivals Review and Penny20 Review.
Quibids is one of the most crooked sites in existence. They will get rich stealing 60 dollars from each person that signs on. Then they try to double dip by pretending the credit card companies didn't pay.
ReplyDeleteI was on it for 50 minutes and canceled. After that I was advised that I would be charged $60.00. I immediately contacted them stating I want out. I was told I would have a credit in 1-2 days. 10days later after not receiving the credit I contacted them with another email and was told that by contacting them more than once would even further delay the credit. I currently am dealing with the BBB and don't understand how the BBB can stand behind this operation. IT'S PURE FRAUD AND DEFINITELY LEGALIZED GAMBLING!!! I believe it time for a class action suit!!!!!
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