The Buy Now Pay Later (BNPL) trend has been around for a few years and is just starting to boom in the consumer products world.
Most consumers are familiar with some of the top BNPL firms, and how they partner with major retailers to offer “bite-sized” payments for most purchases.
This is all great, but what about the other side of the coin?
What if BNPL was taken as it exists in terms of retailers, and was applied to the more intimate person-to-person types of transactions?
This is where WinWinX comes into play.
When you’re a consumer looking to sell a product or service online your options are limited.
You can list your product on sites such as Facebook Marketplace, Craigslist, or OfferUp. Still, you’re limited in your audience size given that these platforms focus mainly on your local community.
With the WinWinX platform, your audience can suddenly double, if not triple in size! Your products can now be seen by Users all across the Country!
Not only are your listings getting viewed by more people over a wider geographical area, but your pool of potential customers can expand exponentially by having the ability to take payments over time!
No longer are you restricted to Buyers who have the total cash price at their disposal, or Buyers diving head-first into traditional, high-interest credit cards.
Buyers who may only have half of that cash available suddenly become potential customers by putting half down today, and paying for the other 50% in installments.
Your products being viewed by significantly more people allows for a much higher turnaround and that means more revenue in your pocket much faster!
Another issue that may arise from listing a product or service on another platform is simply the act of negotiation and the exchanging of money.
No one wants to track people down and have awkward conversations on end over the total price of the product, or how someone can best pay for said product.
The WinWinX platform allows Sellers to list terms they see as desirable, and allows Buyers to submit altered terms as a Counteroffer if they need to make any changes.
Don’t see what you were looking for in a Counteroffer? Simply reject that offer, or come back with another Counteroffer closer to your original terms!
Once a Buyer & Seller reach agreeable terms for both parties the rest happens automatically!
The Buyer’s Down Payment, as well as any other installments, are all transferred from bank to bank (ACH) without you even lifting a finger!
Sounds like a Win-Win all around!
We’ve yet to discuss, however, a major issue at hand for most people and that is, “How on Earth do I trust the person online who’s going to buy my product?!”
Our answer: The WinWinX Online Trustscore™
Our patented rating system is one-of-a-kind and helps hold people at both ends of the transaction publicly accountable for following through on their promises.
Every WinWinX User has an Online Trustscore™ (think something akin to a traditional FICO score) that is unique to them and has the potential to easily help others distinguish who is going to follow through on their promise, and who is less likely to.
Your Online Trustscore™ is based on 3 main elements: your Identity, your WinWinX Transactions, and how you interact with others on the WinWinX platform.
You can head over HERE for a deep dive on what the Online Trustscore™ is and how it all works to protect our Users.
All you need to know is that you’re able to very easily see how trustworthy someone is at a glance BEFORE you even enter into an agreement with them.
Sellers can also set a MINIMUM Trustscore they are willing to accept when looking at Counteroffers.
Everything is set in place to protect Buyers from falsely advertised products and to protect Sellers from MIA payments.
BNPL has only just begun its incredible climb to the top of consumers’ minds when making purchases online, but we want our Users to also think of BNPL when it comes to listing products for sale online!
Taking Payments Over Time for the products and services you’re selling is the clear path forward in 2023.
We want our Users to have peace of mind that they’re getting what they need without any “funny business” because that’s how you create Win-Win scenarios for everyone, not just the major financial firms!
Check out the WinWinX Marketplace anytime HERE & start making listings today!