Comparison: Penny Auctions vs. Ebay

For years now, we've seen penny auction websites compare themselves to ebay. The general marketing message behind this comparison says this: "If you like ebay, you'll penny auctions". Quibids ebay Comparison Above, we see a sample comparison which Quibids.com uses in marketing promotions. In the promo, Quibids explains to consumers that their auctions: Ship [...]

2018-09-21T18:17:47+00:00 August 17th, 2016|Penny Auction News|

Penny Auction Website Similar to Quibids

Since (nearly) the beginning of the penny auction era, Quibids has been a leader. As we outline in our review of Quibids penny auctions, Quibids has always maintained fair consumer policies, transparency, and most of all, tons of auctions with high-end products. Over time, some users notice that the competition on Quibids.com can be a [...]

2016-08-03T13:17:25+00:00 August 3rd, 2016|Penny Auction Strategy|

How Quibids Locked Auctions Work

Quibids recently released a new type of auction called "Locked Auctions". Today, we want to review the basics of how Locked Auctions work and then talk about other penny auction websites which offer similar auctions features. What are Lock Auctions (Penny Auctions) on Quibids? On Quibids.com, some auctions become Locked after a certain number of [...]

2017-05-18T18:43:28+00:00 June 21st, 2016|Penny Auction Strategy|

Penny Auctions with Winning Guarantees

Over the past year, we've seen a number of penny auction website implement a winning guarantee of some kind. In general, the penny auction winning guarantee is something offered to ensure (or at least improve the odds-of) a new bidder wins at least 1 auction. From the Penny Auciton's standpoint, this reduces refund requests and [...]

2017-05-18T18:43:28+00:00 June 1st, 2016|Penny Auction News, Penny Auction Strategy|

The BBB and Penny Auctions

The penny auction industry is no stranger to scrutiny. From consumer protection groups to almost every media outlet, penny auctions are often criticized for their business practices. Below, we've summarized ratings of penny auctions by one of the most-respected sources, the BBB (Better Business Bureau). Please note that the below does not mean that these [...]

2017-05-18T18:43:28+00:00 October 13th, 2015|Penny Auction News|

Best ‘Buy It’ Penny Auctions

Quibids Buy Now Most penny auction websites operating today offer Buy It auctions in one form or another. Buy It auctions are auctions where the auction losers can purchase the item at hand (often at retail value) and either receive a credit or refund based on the number of bids they have placed. [...]

2017-05-18T18:43:29+00:00 July 5th, 2013|Penny Auction Strategy|

Best Time for Bidding on Quibids?

In the past, we’ve talked about the importance of timing your bidding on penny auctions. When it comes to bidding on Quibids, we recommend the same general strategy. In short- the best time to bid on Quibids is when there is the lowest ratio of bidders to auctions. Since Quibids.com is such a large penny [...]

2017-05-18T18:43:29+00:00 June 17th, 2013|Penny Auction Strategy|