PROS / Unique in that it doesn’t rely on members to post products and items, most are excess inventory items sold new through uBid’s warehouse.
CONS / Because the auction sellers are professionals, getting an extra good deal is unlikely and you are less likely to find unique antiques.
VERDICT / uBid is a reliable auction site for buyers looking to purchase excess inventory, especially consumer electronics.
"Editor’s Note: This product has been removed from viewing as part of this site because it does not accept auction listings unless you are a professional retailer. You can still read our original review below, but TopTenREVIEWS is no longer updating this product’s information."
uBid is significantly different from the other online auction sites reviewed. uBid.com is unique in that it doesn’t rely on members to post products and items. Most items available are excess inventory items sold new through uBid’s warehouse or affiliate manufacturers, distributors or resellers. Therefore, all products are shipped from legitimate businesses.
This approach has its benefits and downfalls. On the one hand, buyers are further assured that the item they are bidding on is legitimate. However, because the auction sellers are professionals, getting an extra good deal is unlikely. Also, you are less likely to find unique antiques being sold through uBid.
Becoming a registered buyer at uBid is completely free.
Selling your items through uBid is not possible unless you are a registered business. At-home-sellers should look elsewhere to auction off their items.
Most items auctioned on uBid are Dutch auctions, which mean that the seller has multiple of the same item to sell and the buyer bids for how many they want. Winners are determined by quantity and price offered.
While bidding and purchasing at uBid is easy, the process doesn’t include many additional features to aid buyers. There is no advanced search function, though you can go directly to an item by typing in the designated auction number, if you know it.
Members do have access to a personalized page where they can keep track of auctions they have recently bid on. Buyers and potential buyers can also look at the auction history at any time to see how many people have bid on a particular item and what the current winning bids are.
Because the items auctioned at uBid come from verified sellers and not from individuals, security and reliability for buyers is high. uBid is certified by the Better Business Bureau. Most of the products carry a vendor warranty, and uBid has an extended protection plan available. However, all merchandise sold in non-refundable (unless item is not as described). Exceptions are made, but are subject to a 15% restocking fee and shipping and handling is non-refundable.
uBid is a reliable auction site for buyers looking to purchase excess inventory, especially consumer electronics. However, selling is not available to the common user, and so uBid isn’t a great place for bargain hunters or at-home sellers. Also, uBid primarily utilizes Dutch auctions, which is great for people looking for multiple items, but can potentially relegate a bidder who just wants one item.