MicroPlace - Alternative to Kiva - Long Term Points Investing
 

Anybody have any experience with Microplace? It is owned by eBay and you can use Paypal to fund the investments. It works the same as Kiva but instead, you get little interest from 0.5% to 4.5%, depending on how long the investment is. I checked and found some investments ending December 2013 for 0.5% interest.


You can earn a 0.5 to 4.5% return on your investments, which mature in 3 months to 5 years. Interest will be paid quarterly or as otherwise noted and the principal is repaid at maturity. The minimum you can invest is $20.00.

1. How do I pay for my investments on MicroPlace?
You can use your PayPal account or have funds electronically debited from your bank account.

You can use your credit card or Visa gift card to fund the investment through Paypal. It seems like a pretty good long-term points investment. If you can afford to float some money around, it could be worthwhile. I am not too sure about the legitmacy of the company. Anybody have any experience?

I've used it successfuly to let money sit invested until term and took it out.

Given its a paypal company I'd guess that repeat rapid add/withdraw activity could get your cash locked up.

I've had no problems with them in the past but used it as a do-good activity, not a mileage attempt. Didn't even realize you can use CC to fund... have you confirmed that?

I have not confirmed it, but I'm 90% sure you fund it through Paypal, and can link your credit card to it. Anybody know? I can try later on today and go through the process.

After further consideration, I've decided not to experiment with MicroPlace because I don't feel comfortable handing out my SSN. I'm glad it worked for you ycrimi, hopefully you can post your experience? Anybody else care to experiment with this website?