Welcome to the Crowd Auction Economy.
Microbid is a loyalty-driven, crowd-powered Auction platform that helps users expand their buying power and get items, goods or services for just 1% of the regular price - while Sellers (ie. Businesses, Brands, Service Providers, etc.) always receive 100-125% of their asking price (Microbid pays the rest).
HOW IT WORKS
Members place/make bids in $.001 increments (ie. 1/10th of a penny)
and once an Auction reaches its 1% reserve price - every Bidder
gets one last chance to make their best and final bid. Then, either
the highest Bidder wins the Auction
or if there are multiple high Bidders, the one with the
highest Loyalty Score wins.
The winning Bidder gets to pay just 1% of the regular price (or face value) - and there are 4 consolation prizes, including the same 1% offer as the winning Bidder.
Best of all, members can also win + earn incredible "Instant Rewards", Consolation Prizes, Referral Bonuses - and even the actual Auction they’re bidding on outright - with every single bid they place/make!
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How It Works