At Lendecon, our mission is to facilitate sustainable sharing within communities, making it easy for individuals to borrow and lend items they need. As part of our commitment to transparency and accessibility, we want to provide clarity on our pricing structure.
No Membership Fees, No Hidden Costs
First and foremost, it’s important to note that Lendecon is completely free to use, and we do not charge any membership fees. We believe that everyone should have access to our platform without barriers, allowing individuals to benefit from the sharing economy.
Transaction Fees Explained
To help maintain and improve the platform, we apply a 15% fee to each transaction.
Here’s how it works:
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- Listing Price: When a lender uploads a product for rent, they set the listing price. For example, if they list an item for $10/day, the product will actually be listed for $11.50/day to include the 15% fee.
- Payout to Lender: When a transaction occurs, Lendecon holds the payment until the item is returned to the lender. Once the lender checks for damage and is satisified, they receive payment for the rental.
What are the Fees For?
The fees collected from transactions help us cover the costs of maintaining and improving the Lendecon platform. This includes server maintenance, development of new features, payment processing costs and customer support services. By charging a small fee on each transaction, we can ensure that Lendecon remains a reliable and user-friendly platform for all.
Transparency and Accessibility
Transparency is a core value at Lendecon, and we are committed to providing clear and upfront information about our pricing structure. If you have any questions or concerns about our fees, please don’t hesitate to reach out to our customer support team. We’re here to help and ensure that your borrowing and lending experience with Lendecon is smooth and enjoyable.
