How Beesi Works
Understanding the simple yet powerful concept of rotating savings groups
Register & Apply
Create your account and submit your application with financial details for approval.
Get Approved
Our admin team reviews your application to ensure community trust and security.
Join a Beesi
Request to join a Beesi that matches your savings goals and get admin approval.
Start Saving
Make regular contributions and participate in bidding cycles to receive payouts.
The Beesi Cycle Explained
Formation
A Beesi forms when enough members join with the same criteria (amount, duration, interval). For example, a 12-month $500 Beesi needs 12 members.
Bidding
Each cycle, members bid for the total pool amount. The lowest bidder wins and receives the payout minus platform fees.
Payments
After a winner is selected, all members are charged their contribution amount plus a 1% platform fee within 48 hours.
Completion
The cycle continues until every member has won once. Winners cannot bid again in the same Beesi.
Example: Monthly $500 Beesi
How Bidding Works:
- Member A bids $5,500
- Member B bids $5,200
- Member C bids $5,000 (lowest bid)
- Member C wins and receives $4,950 (after 1% fee)
Payment Breakdown:
- Each member pays: $505
- Platform fee (1%): $5
- Winner fee (1%): $50
- Winner receives: $4,950
Key Features & Benefits
Secure Payments
Stripe integration ensures secure payment processing with no card data stored on our platform.
Automated Process
Everything is automated - from bidding deadlines to payment processing and notifications.
Full Transparency
View all bids, payments, and member activity with complete transparency and audit logs.
Vetted Community
All members go through approval process and admin oversight ensures community trust.
Ready to Start Your Savings Journey?
Join our community and start building your financial future through trusted rotating savings groups.
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