FAQs
What is Microbid.com?
- An online platform that helps people, Creators Businesses, Brands and others turn almost anything into a digital, crowd-powered Auction - where winning Bidders pay just 1% of the price - while Sellers, Businesses & Brands always receive 100% of their asking price.
How does Microbid work?
Members bid in $.001 increments (ie. 10 "micro" bids = 1 penny) on Auctions and pay as low as $.25 to $.30 per bid. When an Auction reaches its Reserve Price it instantly enters a "Last Chance" phase where Bidders have 59 seconds to make their best & final bid offers. If no new bids are received after 59 seconds, the current Top Bid(der) (whose bid reached the reserve price) automatically wins the Auction.
Learn more at How It Works
Learn more at How It Works
How much does it cost?
- Each bid costs as little as $0.25 to $0.30 per bid and Membership Upgrades like Microbid+ usually start at $1.99/mo.
Can I invest in Microbid?
- Yes, you can. We're finalizing the Investor Overview page. Please feel free to email investors@microbid.com for more info.
How do I log out?
- On the website, look for the "LOGOUT" links at the top right of the header or on the Sidebar Menu that slides out on the left side (Menu icon is usually at the top left).
Can I delete my Account?
- Yes, you can request that we delete your account at any time or you can do it yourself.
Simply, email us 7 days/week at contact@microbid.com with your login email and login password.
Or, to do it yourself, simply go to the Edit My Account page and scroll to the bottom and you’ll see a red text link that says "Delete Account".
Simply, email us 7 days/week at contact@microbid.com with your login email and login password.
Or, to do it yourself, simply go to the Edit My Account page and scroll to the bottom and you’ll see a red text link that says "Delete Account".
What happens if an Auction doesn’t reach its goal?
- Nothing. The entire platform is centered around members’s ability to earn Loyalty + Rewards for every bid placed - whether a reserve price is reached or not. In addition, Microbid features something unique called ComboBids (or ComboAuctions), which basically combines all the bids from similarly valued Auctions, thereby causing reserves to be reached faster - and Auctions to be won faster.
Are there any hidden costs?
- Nope! Just what you see.
Cookies and the Cookie Popup
From time to time you may see a "Cookies" popup appear at the bottom of your screen. That's just a legal notification. We use cookies to remember you from page to page and little stuff like that - nothing to worry about.
Depending what screen your own, the popup may actually be behind a bottom tray menu - if you don't see little up down arrows to the top left of the tray menus, then simply go to the home page - and you'll see them there, which will allow you to hide the tray menu and see the Cookie Popup where you can click "accept" on it.
Depending what screen your own, the popup may actually be behind a bottom tray menu - if you don't see little up down arrows to the top left of the tray menus, then simply go to the home page - and you'll see them there, which will allow you to hide the tray menu and see the Cookie Popup where you can click "accept" on it.