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Frequently Asked Questions

What is QuiBidsReport.com?

QuiBidsReport.com is not affiliated with QuiBids.com in any way. We do however track every QuiBids.com auction and record the priceless data in our database. Our mission is to provide bidders of popular penny auction sites with key statistical information in an effort to give you an advantage over other bidders. Our database gives detailed auction data about each item listed on QuiBids.com, Swoopo.com, and BidRivals.com as well as shows you when to bid for the best chance at winning an item for the lowest price. Finally, our forum gives you access to the penny auction community to help you develop and test strategies so you can Become a Better Bidder!

How Will QuiBids Report Help Me Win?

QuiBids Report provides you with the key data needed to form strategies and increase your odds. Not only does QuiBids Report provide you with the average sale prices of any particular product, but we have utilized mathematics and advanced statistical functions to predict the closing price range for any given item. QuiBids Report can’t guarantee your success of winning, but we can increase your odds as well suggest optimal price ranges to bid. It’s important that before you go to war with other bidders you arm yourself with the latest stats for the item. Some have said QuiBids Report is like card counting and that it gives you the inside scoop to win big.

Let’s say you want to get a great deal on a popular item, but when do you start placing your bids? QuiBids Report has done all the homework for you and helps you formulate an entry point strategy. For example you may want to wait until the item has reached its average price before placing your bids to help minimize the number of bids you have to place. If you’re a patient bidder then you may want to employ another strategy and make use of the QuiBids Report Hot Range.

What Data does QuiBids Report Provide?

QuiBids Report provides a magnitude of data that helps you minimize your bids placed and maximize your winnings. In addition to the average price of each item, QuiBids Report also provides you with the following:

  • Straddle Method Price Points
  • Max & Min Sale Price
  • Standard Deviation
  • Percentage of Auctions that Close Within a Specific Price Range (quartiles)
  • Best Hours to bid (item specific)
  • Best Days of the Week to Bid
  • List of all-time QuiBids Winners
  • Regularly Updated List of the Easiest & Hardest Items to Win
  • Items with Lowest & Highest Average Sale Price
  • Average Price by Day of Week
  • Average Price by Hour

View a Sample Report Now

What do I need to begin utilizing QuiBids Report?

First you need register with one of the popular penny auction sites such as QuiBids, Swoopo, or Bid Rivals. Second you need to register with QuiBids Report. And last you need to do your homework by utilizing the data found in out member’s area.

What is QuiBids.com?

QuiBids.com is a fun, exciting, and fast-paced auction penny auction website which utilizes a “pay to participate” model. You can win all sorts of popular products ranging from just a few dollars to over a thousand dollars! Winning items on QuiBids usually means savings of upwards of 80% to 90%. Many of the items up for auction on QuiBids are in the final seconds of closing, but there’s a catch - the pay to participate model means that you have to buy your bids up front before participating. Once you place your bid then that money is gone unless you win, or if you lose then you can purchase the item at full price minus the amount you spent on your bids. If you were planning on buying the item at full price then it is a no-lose situation. With risk comes reward, and QuiBids is certainly an exciting new format to the auction arena. Different from other popular auction sites, QuiBids only auctions brand new items directly from a network of certified vendors.

  • Bid Increments are 1¢/bid
  • All items are brand new
  • You don't have to leave all your bids on the table
  • Many Auctions are in the Final Seconds of Closing
  • Exciting way of Shopping
  • Have to Purchase Bids Upfront
  • Must Do Your Homework
  • Very Competitive

How Does QuiBids Work?

QuiBids uses a “pay to participate” auction model which requires the bidder to purchase bids up front prior to bidding on an auction. Each bid costs 60¢ and are sold in Bid Packs of 45, 75, 300, 600 and 800 bids. Again, these bids are pre-paid and placed in your Bids Account. Each time you place a bid, your Bids Account is deducted one bid. Once a bid is placed the auction price will go up in increments of 1,2,5,10,15, or 20 cents. A maximum of 20 seconds is added to the timer every time someone bids. Many of the auctions only increase in by 1 cent and 10 seconds are added. This gives enough time for someone else to make the decision to bid if they're interested. This is like to the “Going once...Going twice...SOLD!” style of traditional auctions.

If you are the top bidder when the timer reaches zero then you win! You will then pay the ending auction price as well as the cost of shipping. If you do not win then you have two options: lose your bids that have been placed; utilize the Buy it Now feature to recoup your bid(s). When you use the “Buy it Now” feature, QuiBids subtracts the cash value of the bids you’ve placed (excluding voucher bids) from the value price of the item, and you only have to pay the difference.

Let's say you spend 20 bids trying to win a $20 valued product, but you don't win. Your 20 bids are worth $12 (20 x $0.60), so if you choose to use the "Buy It Now', you will pay $8 plus shipping for the product. Voucher bids won in auctions do not apply to the Buy it Now price.

Buy it Now limits the risk in participating in auctions. So if you’re planning on buying the product either way then it is a no-lose situation as long as you don’t spend more on bids then the item is worth.

How often do you update your database? 

We update our database with closed auction data every few hours. You can rest assured that we have the most up to date and comprehensive historical record of QuiBids auction online. 

Are there any hidden fees? 

No, there are no hidden fees. You will only be charged the Monthly ($6.99), Quarterly ($20.97), Semi-Annually ($34.95), or Annual ($62.91) membership fee. You will not be charged for anything else period. 

How hard is it to cancel my membership?

Canceling is very simple. Just login to your account, click on Account, click on Delete Account, fill out the simple form and click Update. That’s it! This process will cancel your billing profile and you will no longer be charged a membership fee. If you prefer you can also call us at (855)-802-8394 to request a cancelation but this usually takes longer to process.  

Addressing the negative reviews

"QuiBids is a scam"

FALSE- If QuiBids was a scam then they wouldn’t have over 40,000 facebook users on their fan page. QuiBids is a legitimate business and we know firsthand by applying some or our techniques to winning big. Also there are many forums on the web with users who have also won big on QuiBids. If you win the auction you will receive your item.

"If You Don’t Win You Lose Your Money"

FALSE- You can still use the "Buy It Now" option even after the auction is over for up to 2 hours. Then whatever you spent on bids, will be deducted from the final price.

"It’s a rip off"

FALSE- Not if you do your homework and bid smart! You have to know what time of day and day of the week is best to bid and this is different for every item. QuiBids Report helps you minimize your risks, optimize your winnings, and Become a Better Bidder! The truth is QuiBids makes some big profits on most items, but for lucky winner there is huge savings. QuiBids is a cross over between traditional auctions and poker. You never know if you are going to win each time you bid, but its fun when you win, and even if you don’t then you can break even with the Buy it Now feature. Don't waste your bids and do your homework. Use the information here on QuiBids Report.com to bid wisely and improve your chance of winning – we can make you Become a Better Bidder!

What QuiBids Report is not

QuiBids Report cannot guarantee your success in any auction. The data found on QuiBids Report can only give you insight to past auctions so that the user can develop their own bidding strategies. The data you find on our site can only suggest strategies that may or may not work on an individual basis and your results may vary. We believe every bidder should have equal access to past auctions so that they can judge for themselves what their best bidding practices are. You as the user have to make decisions based on your own risk tolerance.

What are the Quibids Promo Codes?

Quibids changes their promo codes regularly, but these are the most recent we have on file. Just enter these codes one at a time into the redeem coupon field:

  • WinBig
  • Offer
  • Offer1
  • WINTODAY
  • NewUser500
  • WinNow

 

QuiBidsReport.com is in no way endorsed by or affiliated by QuiBids Holdings, LLC.
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