FAQs
What is Microbid.com?
- An online platform that helps people everywhere combine their spare change and turn it into millions of dollars worth of heavily discounted, crowd-powerd Auctions, Spot Cash and insane Rewards.
Members make small, micro bids - in increments of just $.01 and once an Auction hits its Reserve Price (ie. goal), the member with the highest bid wins. However, most Auctions actually are set to automatically repeat over and over again - and feature roll-over bids.
Roll-over bids allow your bids from previous rounds of an Auction to keep accumulating into a grand, Total Bid through all subsequent rounds of the Auction - enabling members to win from their overall bids vs just their bids in a current round. This helps prevent bids from being wasted.
Every bid placed also earns instant Loyalty (stars), digitial Gold Coins (our form of currency) and builds/expands your Bidpower.
In addition, every Auction also features a Rewards Pool - and every bid placed gets instantly entered to win a reward from that Rewards Pool. And, your Bidpower is what determines if and when you'll receive a reward from the Rewards Pool(s).
Finally, Gold Coins allow members to do many more e-commerce related things, which is what Microbid is all about - helping expand Members' buying power. So, with gold coins you can outright buy many of the same items (and services) featured in the Auctions, use your coins as discounts towards purchasing them, request a Spot Cash Advance, fractionally co-sponsor other Auctions and earn cash from using your gold coins - or simply cash out.
Members make small, micro bids - in increments of just $.01 and once an Auction hits its Reserve Price (ie. goal), the member with the highest bid wins. However, most Auctions actually are set to automatically repeat over and over again - and feature roll-over bids.
Roll-over bids allow your bids from previous rounds of an Auction to keep accumulating into a grand, Total Bid through all subsequent rounds of the Auction - enabling members to win from their overall bids vs just their bids in a current round. This helps prevent bids from being wasted.
Every bid placed also earns instant Loyalty (stars), digitial Gold Coins (our form of currency) and builds/expands your Bidpower.
In addition, every Auction also features a Rewards Pool - and every bid placed gets instantly entered to win a reward from that Rewards Pool. And, your Bidpower is what determines if and when you'll receive a reward from the Rewards Pool(s).
Finally, Gold Coins allow members to do many more e-commerce related things, which is what Microbid is all about - helping expand Members' buying power. So, with gold coins you can outright buy many of the same items (and services) featured in the Auctions, use your coins as discounts towards purchasing them, request a Spot Cash Advance, fractionally co-sponsor other Auctions and earn cash from using your gold coins - or simply cash out.
How does Microbid work?
Members place bids in $.01 increments on Auctions and pay as low as $.30 to $.35 per bid.
When an Auction reaches its Reserve Price, the member with the highest bid (first) wins. Most Auctions are set to automatically repeat and also allow "Roll-over" bids, which means your bids from previous rounds of that Auction - accumulate into one, grand Total Bid.
Every placed bid also earns instant Loyalty (stars), digital Gold Coins (our form of currency) and builds/expands your overall Bidpower.
Gold Coins combined with Bidpower basically allow you to earn more, win more and do more. Aside from bidding and winning Auctions, they are the true, unique bonus of the entire platform.
Learn more at How It Works
When an Auction reaches its Reserve Price, the member with the highest bid (first) wins. Most Auctions are set to automatically repeat and also allow "Roll-over" bids, which means your bids from previous rounds of that Auction - accumulate into one, grand Total Bid.
Every placed bid also earns instant Loyalty (stars), digital Gold Coins (our form of currency) and builds/expands your overall Bidpower.
Gold Coins combined with Bidpower basically allow you to earn more, win more and do more. Aside from bidding and winning Auctions, they are the true, unique bonus of the entire platform.
Learn more at How It Works
How much does it cost?
- Each bid costs as little as $0.30 to $0.35 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’ ability to earn Loyalty + Rewards while bidding.
Every member can't win an Auction, so we created the best Loyalty + Rewards platform on the planet, so that members continue to build a sort of buying power whenver they didn't or don't win.
So the act of bidding and bids itself help build and expand members Bidpower, which is one of our other primary measures of Member success, in addition to winning Auctions.
Every member can't win an Auction, so we created the best Loyalty + Rewards platform on the planet, so that members continue to build a sort of buying power whenver they didn't or don't win.
So the act of bidding and bids itself help build and expand members Bidpower, which is one of our other primary measures of Member success, in addition to winning Auctions.
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.