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.