Go to
microbid.com/request and simply enter:
1. How much you need/want?
2. What it’s for?
3. How much you can pay towards it?
Then hit the "Request" button and you’ll either be approved
instantly - and, if you’re not, you can simply
"bid"
on your own Request once or more, even over time - to get it approved quicker.
Note: Microbid turns all Requests into instant demand-based Crowd Auctions
by putting them into "Buckets", which are general Crowd Auctions grouped
by amount (as a range, ie. $500-$1,000 for example.) So, a Request is
a Crowd Auction also.
Specifically, Requests are approved (or won) based on:
-
Members who’ve met the Bid Goal of their Request and are
ranked #1 (ie have the highest bid/bids) among similarly valued Requests.
Bids roll-over and Requests (ie. Buckets/Crowd Auctions) are designed
to trigger new Winners/Recipients every time the Reserve it met/hit.
-
Members with the most bids and/or bidups (ie. micro bids) among other
similarly valued Requests.
Based on a first come, first-served priority, which triggers
each time a Request’s Bucket/Crowd Auction reaches its
Reserve. "Micro" bids are like tiny, incremental tie-breakers.
-
Some Requests are instantly approved by random, or Loyalty Score
or by Microbid’s internal Team Review (ie. manual review).
Note: BidUps are a short name for "micro bids", which are tiny, incremental
bids designed to help break ties, ie. if 2 or more Bidders have the same
amount of Bids.
Microbid basically turns all Requests into both public and private,
real-time Crowd Auctions that are batched with similarly valued Requests,
which we call
"Buckets").
