FAQ’s

Got a question? We’ve answered some of the most common ones below.

• What is Richmore Bidders Community?

  Richmore Bidders Community is an online cooperative microfinance community where members support one another financially through a peer-to-peer auction system. There’s no central account or company holding your money. All funds move directly from one member to another through our platform.

• How does the peer-to-peer auction work?

  Members place bids in an online auction environment. When your bid is successful, you receive financial support from other members. In turn, you also participate by supporting others when it’s their turn. This keeps support circulating fairly throughout the community.

• Is this a loan platform?

  No. Richmore Bidders Community is not a loan service or financial institution. It’s a cooperative system where members voluntarily offer and receive financial support. There’s no interest charged and no loan agreements involved.

• Where is the money kept?

  There’s no central account. All financial transactions are peer-to-peer, meaning the money moves directly from one member to another based on the outcome of the auctions.

• Is it safe to use the platform?

  Yes. We’ve designed the platform with security and transparency in mind. All transactions are monitored within the system, and clear guidelines are in place to protect members. However, like any cooperative platform, it relies on members honoring their commitments.

• Who can join Richmore Bidders Community?

  Anyone above the age of 18 with access to a bank account or mobile money service can join, provided they agree to the community’s terms and guidelines. We welcome members from all walks of life.

• Is this a get-rich-quick scheme?

  No. This is a community-driven financial support system, not a quick-money program or pyramid scheme. It’s designed for people who understand the value of mutual support and long-term participation.

• Are there any registration or membership fees?

  There may be a small one-time or periodic platform fee to help maintain and improve the system, which will be clearly communicated before you join. Otherwise, your financial transactions happen directly with other members.

• How do I start?

  Simply register on our platform, read through the guidelines, and you’ll be ready to participate in your first auction. You can start by either offering support or placing a bid, depending on your needs.

• What happens if a member doesn’t fulfill their commitment?

  We take community trust seriously. Members who fail to honor their obligations will face penalties, including suspension or permanent removal from the platform, to protect the integrity of the community.