Microbid.com features digital, crowd-powered Auctions, which helps members turn almost anything into a winnable Auction where the winning Bidder pays just 1% of the price and Sellers, Brands & Businesses always get 100% of their full asking price.

BIDDING PHASE

Members place "micro" bids in $.001 increments at a time (10 "micro" bids = 1 penny) - and pay as little as $0.25-0.30 per bid (to place each $.001 bid).

LAST CHANCE BIDS PHASE

When an Auction reaches its minimum reserve price (usually 1% of the face value of the item (or service) being auctioned, it enters a Last Chance Phase where all bidders have 59 additional seconds to place their best and final offer bid. If no bidders place Last Chance Bids, then the highest bidder (who placed the bid that reached the Reserve Price) automatically wins the Auction.

LAST CHANCE BIDS CAP

In addition (to help keep things fair), there is a fairly low maximum bids cap placed on Last Chance Bids to help prevent members from wasting too much time or spending too many bids.

MULTIPLE HIGH BIDDERS?

And, if more than 1 Bidder bids the max, then the Bidder with the highest Last Chance Bid and highest Loyalty Score (ie. total Stars) wins the Auction.

COMBOBIDS

And what makes this the most unique Auction platform in the world is that higher valued Auctions can have "ComboBids" on/enabled (optional), which means bidders of all similarly priced Auctions are "combined", creating Auction Winners faster - by allowing minimum reserve prices to be reached faster. And, what makes Microbid the best platform in the world - is the Loyalty + Rewards...

The Best Loyalty Program on the planet

Loyalty Stars are our way of rewarding longevity. You can use them to redeem rewards or even services (to help build + grow your own Businesses, Companies, Startups, Ideas and Projects) - but, they also help you earn more Daily Instant Rewards and win more Auctions too.

Loyalty + Referral Program Highlights:

•  Nearly every Auction has a Consolation (ie. 2nd) Auction Winner
•  Earn 10% Referral Commissions (from: Bids, Member Upgrades, etc)
•  Earn 5% Bonus when you refer someone who wins an Auction
•  Earn 3% Finder’s Fee Bonus when someone wins your Auction*
•  Earn Daily Instant Rewards
•  Become a Preferred Vendor to be a provider to won Auctions

* Note: The first poster of every unique Auction is deemed the "owner" and "creator" of that Auction, so if others post similar Auctions, then only the first poster receives the Finder’s Fee Bonus.

See other Monetization features + benefits


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