January 14, 2026
Crowd Auction Fulfillment vs Brokering
Lots of Users ask if Microbid fulfills the Auctions or brokers them and the answer is that we mostly broker them, but with very strict oversight - but we also do some fulfillment, especially on the Enterprise side where it makes sense to get involved in the Vendor selection process. Afterall, we have to cover the other 99% cost of a successful Auction. Here's a little more insight...
Microbid brokers the fulfillment for successful Crowd Auctions, but oversees them strictly and won't release funds until all is confirmed by both sides (ie. fulfilled vs received).
But, on the Enterprise side, we also help facilitate the selection of the Vendor in some cases IF the Member needs it.