[Panjo]

Originally Posted by adwolf1

Before I install the mod, i just have a few questions --

If I understand your business model correctly, the module is free to install and use, but you take a % out of the transactions that close through the platform?

What if I have some classifieds that don't have monetary value -- free stuff that site members are giving away?

What if we have a listing where people don't want to close the transaction with a credit card? (ie, like a piece of equipment that's $90,000 -- it ain't going on their Visa. )

How do you handle those types of listings?

These questions are best answered with some context around the business model:

Panjo provides its classifieds plugin to you for free. You choose whether you want to monetize your classifieds. If you want to monetize your classifieds, you can charge final value fees (transactional fees). Support for listing fees and paid promotional options are coming soon. If you charge a final value fee, Panjo retains a portion of that fee.

Example: A seller lists an item for $100. A buyer purchases the item for $100. You charge a 1% final value fee. The seller will receive ~$96. There is a ~$3 (3%) payment processing fee, which is consistent with industry averages for credit card interchange fees. You will get $1.

If a buyer and seller don't want to close the transaction with a credit card, at present, they can do so for free.

If a seller wants to trade an item or list an item for $0, at present, he/she can do so without incurring an fees.