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QuiBids 101

More Auctions, More Variety with Global Auctions

Since QuiBids was established in October 2009, we’ve expanded from one office space to the next, hiring more and more employees to accommodate the increase in demand created by our terrific customers. It’s been an especially exciting and challenging time fulfilling the scores of auctions won by users registered both inside and outside the United States.

These days we’re thinking bigger and better ideas about how to provide more opportunities to win high-quality prizes at low prices to as many of our customers as possible, and we’re excited to announce that our latest innovation, Global Auctions, will do just that!

Now QuiBids users have the option to bid on items against customers all over the world. While you may think that this update will increase the competition for items, it’ll actually enable us to auction significantly more items off every day. And that means more chances to win!

We do realize that doing business across borders raises certain, new complications, but we assure you that we’ve simplified this process for the convenience of all of our customers. So here are a few quick facts about QuiBids Global Auctions and what they can offer you!

1. Participating in Global Auctions is totally optional. Just because we’re introducing Global Auctions doesn’t mean that every QuiBids auction will suddenly be open to customers from every country. So feel free to stick to domestic auctions if you like! 

2. Global Auctions will be clearly indicated. We’ve drawn up a nifty little icon of planet Earth that will appear with every Global Auction, so you’ll always be able to see whether or not you’ll be bidding against people in Canada, Australia, or wherever. Also, you’ll be able to see where a bidder is from by hovering your cursor over their name in an auction’s bidding history.

3. In Global Auctions, the playing field is equal between countries. One of the complications of setting up an auction between users in different countries — say for example, the United States and Australia — is the exchange rate. One US dollar (USD) is currently worth just a little bit more than one Australian dollar (AUD), about $1.04 AUD, to be precise. We’ve installed two measures to account for this.

First, we may offer similar but distinct prizes in different countries (e.g. a $10 Walmart gift card in the US may read as a $9.65 Amazon gift card in Australia). Read fact #4 below for more on this.

Second, users in different countries will see different but equivalent amounts of money, based on which currency they’re using. Being a U.S. company, QuiBids’ system operates on the USD, so any bid cast in a Global Auction by a user from outside the U.S. will be converted to USD and registered within our system.

4. In Global Auctions, the same prize isn’t always offered in every country. Because some of our vendors don’t distribute worldwide, some auctions will appear as equivalent but distinct items across markets, per the earlier example. Because, really, what good is a Walmart gift card to a person whose home country doesn’t even have a Walmart?

So who’s ready for Global Auctions? Sound off in the comments below.

Comments (7)

1

squitts Says:

Friday April 27, 2012

I seem to be having difficulties seeing the planet Earth icon on the global auctions? Exactly where would it appear.

eklyons@QuiBids Says:

The icon of the Globe will be located directly on the auction page. It will be a small grey globe, located directly above the auction price.

2

SquareRigger1 Says:

Friday April 27, 2012

What an exciting new way to buy! I love the idea of being able to compete with other bidders world wide.

eklyons@QuiBids Says:

We are excited too! It's great to hear that you are enjoying participating in Global Auctions!

3

Dubdar Says:

Saturday April 28, 2012

I think QuiBids has been doing a terrific job while working with an imaginative business model. The new Global Auctions has certainly increased the number of items and the times that the auctions are available. I wonder - you probably considered that when developing the idea - Can the nifty world icon be shown in the live auction list before we click on an item?

eklyons@QuiBids Says:

That is a great suggestion! Keep an eye out, as we are working on making changes to make the Global Auction Icon more prominent on the home page.

4

prsown Says:

Monday April 30, 2012

I think #4 says that those in other countries may not be seeing the same item-- not that we might not get the item we see as we are bidding. Can you confirm this?

eklyons@QuiBids Says:

Yes, that is correct. You may not be bidding on the same item as a user from another country, however, the item displayed to you is the item that you will receive if you are the winner of that auction.

5

notalwaysnice13 Says:

Tuesday May 1, 2012

What about timing? Will it be the same? I am all for this. I think it is a great idea.

eklyons@QuiBids Says:

Yes, Global Auctions will run the same as all other auctions. All of the bidders participating will be viewing the exact same auction clock.

6

pak67451 Says:

Wednesday May 2, 2012

Will the shipping price be accurate for where we live?

eklyons@QuiBids Says:

Great question! Global auctions will not affect shipping costs. Even though you will be bidding against users from another country, the items that you win will still ship to you form facilities located within the country that you live.

7

DribblesV88 Says:

Sunday May 6, 2012

How can i remove myself from being apart of these Global Auctions?

eklyons@QuiBids Says:

Only some of the auctions on the site are Global. If you do not want to participate in a Global Auction, all you need to do is place bids in an auction that does not have the icon of a globe.

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