Quibids Raises Their Monthly Win Limit

Quibids.com is once again giving their customers a greater opportunity to win! They announced this week that the site's win limit will be raised from 8 to 12 wins a month. Win limits were originally put in place to ensure that everyone on the site had an opportunity to win. If win limits were not in place power bidders could bid up and buy up every auction. Win limits help even the playing field for new and mildly experienced bidders. With the win limits slightly raised customers can now bid on and win more items.

How does the increased win limit affect Quibids customers? Even though win limits are put in place to protect customers, the higher win limit would not have an adverse affect on Quibids customers. Quibids offers 15,000+ auctions a day. That is 450,000 auctions a month. Thus, if every customer reached their win limit that would allow 37,500 customers to purchase 12 items a month at a terrific price. Customers are ecstatic!  Several customers were reaching their win limits within the first week or two of the month. Now they can spread their wins and continue to play the entire month. In response to the win limit changes, Quibids CFO, Jeff Geurts said, "We've had a lot of customer feedback to raise the limits, so we're giving our customers exactly what they want."

New Coupon Code For Lucky Chic

Lucky Chic is one of my favorite penny auction sites. It is the penny bidding site that I have had the most success with in winning. I just received a terrific coupon code: ISAVEMORE

This promotion code will give you 21% free additional chips (bids) for each bid pack purchase you make. This coupon code ends on March 30th so hurry and use it quick! LuckyChic auctions a varitey of cool brand new products including gift cards, TVs, computers, Apple products and more.

Visit my coupons page for more promotional items and coupon codes.

Penny Auction Commercials - Quibids and Beezid

I have been seeing more and more penny auction commercials lately. I have seen commercials on local stations like ABC, CBS and NBC but I also have seen multiple ones on ESPN. I pay close attention to these commercials as I am a blogger in the industry. As much as I like penny auctions, their commercials really could use some improvement. Most of them seem very low budget. The industry itself is very cookie cutter and the advertisements follow that protocol. Each ad has a spokesperson talking about the site as iPads, TVs, computers and more fly across the screen with low price tags. Below are three examples of penny auction commercials. The Quibids TV ad is very typical for a penny bidding site. The Beezid TV ad is pretty entertaining. The woman's voice in the ad is sexy and seductive. I think they must be marketing young males. This is a good target; however, I have noticed that a lot of the Quibids Facebook fans are females. The MadBid commercial is just funny. I had to add it because it is so cheap and silly. Please feel free to leave comments on your favorite penny auction commercials.

Quibids Will Be Auctioning NCAA March Madness Final Four Tickets

I thought Quibids couldn't get any better but today they announced that they will be auctioning NCAA March Madness Final Four Tickets. The auction is for 2 tickets to the Final Four, including airfare and lodging. The auction starts at 12:00 CST on Saturday March 19th. With the tournament games starting today I am so excited for this auction on Quibids. 

The estimated retail value for these tickets is just about $3,500. 

Below are the March Madness auction details:

Tickets for two (2) people for the semifinals and the championship game
Round trip airfare departing from any major city to Houston, TX*
3 night stay in a hotel close the Reliant Stadium in Houston, TX**
Hotel check in April 2 at noon – check out morning of April 5
QuiBids will pay for the roundtrip airfare, 3 nights in at least a 3 star hotel as close to the stadium as possible, and 2 tickets to the semi-finals and championship games.

*QuiBids is not responsible for transportation to and from the airport or the games

**Reservations must be made within 7 days after the completion of the auction and 5 days prior to the departure date. Preferred airline, date, and airport are subject to availability. QuiBids reserves the right to use a secondary airport within 100 miles if the preferred airport is unavailable during the requested departure or arrival date. This trip cannot be traded in for cash value.

Features:
Seating Location:
Section: Zone – Club Corner Rows G-V, #329
Row: K, seats 5 and 6

Quibids Lawsuit Affecting Penny Auctions Around The World

As many of you already know, there was a class action lawsuit against Quibids in 2010. Several countries including the US have lingering worries on the legality of penny bidding sites. The Florida attorney general and other US leaders have publicly stated concern against penny auctions. However, in Europe, where most believe penny auctions started, penny bidding sites are perfectly legal. Most argue that penny bidding sites are illegal because they claim the sites are gambling sites. These worries are not in Europe where gambling law is much leaner.

The country of South Africa is voicing some major concern toward penny auctions. The country has classified penny auction sites as gambling. South Africa's biggest penny site, Smokoo is now illegal. Other major penny auction sites such as BidChaser, KoolDeals, and Viaziz are also deemed illegal. Sites like Smokoo are still live and currently running auctions. I also looked at Smokoo's Facebook page and there is no word on whether the site will close. To read more on the new laws in South Africa click here.

So what does this mean for Quibids? In my original post on the Quibids lawsuit I was very optimistic for Quibids. However, with new legislation in other countries deeming that penny auctions are gambling, it is hard to know what the future holds for Quibids. I hope that Quibids is big enough and strong enough to work through this. I also believe it will take years for legislation to affect Quibids.