These days, shoppers have a slew of options for finding merchandise online. Whether they order direct from retailers, or seek out third-party sellers, consumers have the ability to do their homework and find exactly what they need, from convenience to price to quality. For those seeking convenience and speed, Amazon is a great place to get your goods. Their Prime membership including free, two-day shipping is increasingly popular, and Amazon continues to make headlines as a direct threat to the convenience of big box stores. However, if your priority as a shopper is a great deal, you probably have to look elsewhere. Two places you should look are the main players in discounted goods—eBay and Quibids. The former is a longtime veteran of the web. The latter is a recent upstart with an interesting bidding model. Let’s compare the two bargain hunting sites across 6 key questions and see which one comes out on top.
1. Who has more deals?
Quibids entire pricing model is built on penny auctions. Each bid costs 60cents, but you are only raising the bidding price of the item by one cent at a time. This way, you can time your bids however you choose, with a live look-in on how many people are actively bidding on the item, so you can maximize your potential discount. Built into every auction is a “Buy Now” feature, which allows you to get the item right away after simply paying the difference between your bidding cost and the value of the item. Conversely, eBay has recently steered away from its days as an auction hub. Many more of its items are now “Buy It Now” only, without any chance to get a steal-of-a-deal through an auction. With fewer and fewer auctions, eBay is becoming a less enticing option for finding the deal you want.
2. Who is more trustworthy?
Everything on Quibids is sold directly by them, achieved through overstock from distributors and manufacturers. As a BBB accredited business, you can be fairly confident that if you purchase an item, you will receive that item in brand new condition in a timely manner. eBay invites a large population of independent merchants to sell their goods on their site. It’s important in this case to verify their consumer rating and read any negative reviews left on their profile by dissatisfied customers.
3. Who has a broader variety of merchandise?
The same feature of independent sellers that nags at a consumers trust when buying from eBay, is the same feature that works to eBay’s advantage in this case. With so many independent merchants, eBay trumps Quibids with its diverse offerings. If you have an obscure item that you simply can’t find anywhere else, your best chance of finding it is with eBay.
4. How does bidding work?
Both eBay and Quibids have automatic bidding options, which comes in handy when you have other pressing matters to attend to besides clicking a mouse. The main difference is that while Quibids has a maximum number of bids that you can autoload, eBay has a maximum price that you commit to pay if the auction reaches it. In this way, it’s more benefical to know your cost ceiling and then walk away, which is why eBay has the more favorable automated bidding system.
5. Who has better price stability?
With the ability to compare prices of the same product from different sellers, eBay provides consumers with the tools to zero in on an expected price for any given item. This way, consumers have a good sense of whether they got a bargain or not, relative to other identical transactions on the site (with sellers essentially stabilizing prices through natural competition).
With Quibids, it’s a lot harder to know how much you’ll end up paying for an item. During a recent auction, we noticed a memo line that states how much the item has been purchased for recently, with wildly varied numbers, from $0.08, to $14.00, to $36.95. The way the bidding structure works, it’s very hard to know exactly how much an item will sell for at any given moment.
6. Are there additional ways to save?
With eBay, there isn’t much else besides looking for the best deal or lucking out with one of the fewer and fewer auctions around. With Quibids, there’s a way to actually win additional bids through a thing called, “Gameplay.” Many auctions have Gameplay packages attached to them, and if you win one, then when you play the online game, it translates your score into free bids that you can use on actual items. With the Gameplay feature, there are additional ways to save money and earn purchasing power on the site for free.
eBay: 3 Quibids: 3
Both eBay and Quibids have their pros and cons, as they both operate very differently. If you’re at all interested in getting good deals online, then we recommend trying out both sites to see which one fits your style and shopping needs the best. It’s an interesting online landscape, and these two players have certainly found unique ways to benefit bargain-hunting shoppers.