First and foremost, 85% of all revenue goes directly back to all Microbid Members as heavily discounted, (1) crowd-powered Auctions, (2) Loyalty + Rewards - and (3) Cash Λdvances, (4) 10% Referral Bonuses and (5) Revenue Sharing. So, that alone makes Microbid unlike any other company or platform that’s ever existed.

And, every single bid you place/make increases your Bidpower + earns you Instant Rewards (in the form of digital gold coins).

Bidpower is sort of like our own form of Loyalty - and we specifically designed it to have major purchasing impact - sort of like airline miles. In addition, we designed all of Microbid to be a lifetime program - with built in Legacy features, meaning you can designate 1 or 2 people to transfer your account to in the event of your death.

GOLD COINS

Microbid’s official "form" of Rewards are digital gold coins because we wanted to base it around something that felt like a currency, since our mission is to help expand members’ buying power.

However, we do plan to introduce more features around gold stars later, which will probably be based around more engagement types of activities that relate to users’s actions vs e-commerce (ie. what you spend).

How Coins can be used:

Buy Auction items, goods, products or services (subject to availability).

As a discount on the purchase of Auction items, goods, products or services (subject to availability).

Spins for the digital Slot Machine feature, which deposits gold coins based on which digits come up. See more below.

Cash out via Paypal, Venmo, Cash App, Zelle, Payoneer, Xoom, etc. (depending on your Microbid Membership)

SLOT REWARDS

The Slot feature is an alternative to the default Instant Cash-back & Rewards feature located on the individual Auction pages, which triggers when you click/tap any "Place bid" button.

Basically, every bid you place on the main/home screen earns you 1 new Spin (per placed bid) and you can use the Spin(s) on the Microbid Slots.

You earn automatic, guaranteed Cash-back Rewards with every Spin no matter what, which will show immediately after the spin. Microbid takes the value of the 3-digit spun number and divides it by 10,000 to get the cash value, which is usually from $0.01 to $0.10.

In addition to the automatic, guaranteed Rewards - every Spin also gives you a chance to win instant cash or non-cash Prizes from the Auction’s Rewards Pool that you placed the bid on - which earned you the Spin.

Tip: The greater the Auction value, the more rewards and instant cash/prizes.

INSTANT CASH PRIZES

Every Member starts with an Instant Limit of $100 and every bid you place/make increases your limit by +$100.

Your Instant Limit is the maximum amount you can earn, win and receive as an Instant Reward (regardless of the Rewards Pool size) or Cash Λdvance.

Any "Triple-Match", like 000, 111, 222 ... 999 wins automatic cash - usually $1-$5.

Any "Triple-Match" of 777 wins one of multiple big cash prizes - usually $100-$200.

Microbid may announce (on the individual Auction pages) that there are a limited amount of "big" cash prizes for 777 matches. So, making sure you’re one of the first members to spin it ensures the likelihood that you’ll receive one of the "big" cash prizes.

In addition to the Triple-Match prizes, you can also win an instant cash prize or instant non-cash prize on any Spin - which comes from the Auction’s Rewards Pool. So, you could win $200 + $X,XXX, etc.

Tip: You can actually, optionally select which Spin - that you earned from a specific Auction - to use. So, if you wanted to use a Spin from an Auction with a large Rewards Pool, you could.

And, if you don’t choose a specific/particular Spin, then the system simply chooses the oldest Spin you have in the system to maximize your chances of winning an additional prize from that Auction’s Rewards Pool.

We have some very cool, additional rewards and rewards features coming in the near future.

WANNA CHAT? OR GET A LIVE DEMO? GET IN TOUCH
If you’d like to speak to one or more members from our team or would like a tour and demo of the Microbid Platform, please feel free to email us at contact@microbid.com or call us at 312-857-3511 (Chicago Local).