HOW IT WORKS
Members place a bid or bids on the Auction(s) they’re interested
in and then when the Auction reaches its "Reserve" Goal (ie an amount
of bids usually equal to 1% of the Auction Value) a winning Bidder
is selected based on Bidpower and a few other factors that help
Microbid keep Auctions fair for all. (see below for more).
Members can currently place one bid at a time, but can bid as many times as they like. Placing multiple bids on a specific Auction doesn’t directly allow or enable you to have the winning bid, but it is combined with your Bidpower, which can improve the strength of your bid and your likelihood of having the winning bid. And, if you don’t win, then your strengthened Bidpower will simply put you in a much better position to have the strongest bid in subsequent Auctions you bid on.
Members can currently place one bid at a time, but can bid as many times as they like. Placing multiple bids on a specific Auction doesn’t directly allow or enable you to have the winning bid, but it is combined with your Bidpower, which can improve the strength of your bid and your likelihood of having the winning bid. And, if you don’t win, then your strengthened Bidpower will simply put you in a much better position to have the strongest bid in subsequent Auctions you bid on.
Members
also earn stars, gold coins + instant reward entries with every bid.
To help keep crowd-powered Λuctions fair we created Bidpower:
Back
1 )
Bids Placed
across all Auctions, including Advance Auctions
2 )
Bids placed by your Referrals
3 )
Every month you’re enrolled in Microbid+ Membership ($1.99/mo)
4 )
Total Sponsored Bids
purchased
- "Cooling" Periods
kick in for recent Winners that halves their Bidpower for 1 wk.
- Global Rank (the User ID automatically assigned by Microbid’s system when you first sign up) is used as a final tie-breaker.
- Global Rank (the User ID automatically assigned by Microbid’s system when you first sign up) is used as a final tie-breaker.
