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| | | Author: | Noobface80  | | Posted: | Sep 1, 2016 12:37 | | Subject: | Suggestion for layaway option! | | Viewed: | 135 times | | Topic: | Suggestions | | Status: | Discarded | |
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| Hello! I am currently placing an order with one of the coolest store owners I've
come across, and he let me pay layaway for about 2 weeks when it hit me:
Why isn't there a layaway option? Obviously, this can benefit the seller,
and the lower-income buyers together, but before I continue, Let me explain
the concept of layaway:
Layaway is an option where you pay weekly, biweekly or monthly a set amount (agreed
on by both parties: buyer and seller) until the item is paid off.
For the seller, this means once the price is agreed on/the first payment is made,
they have to put the item aside (regardless on other buyers' offers after
an agreement is made between the first two parties)
For the buyer: This means the once the price is agreed on, you stick to the price
and stay faithful to the deal 'till the end. This also means communicating
with the seller for anything that should be noted such as change of payment account,
or change of address, etc. Missing your payment by one day could void the whole
transaction leaving the buyer at the mercy of the seller.
Both parties should remain as transparent as possible for the smoothest possible
transaction.
Due to people filing chargebacks on other people, it would be fair to give refund
permissions ONLY to the seller. This way, if the buyer breeches the contract,
or simply wants their money back, the seller could then decide if a refund is
warranted.
It's like a regular BL order, except its just broken up over time.
What do you guys think?
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| | | | | Author: | calsbricks | | Posted: | Sep 1, 2016 14:07 | | Subject: | Re: Suggestion for layaway option! | | Viewed: | 40 times | | Topic: | Suggestions | |
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| In Suggestions, Noobface80 writes:
| | Hello! I am currently placing an order with one of the coolest store owners I've
come across, and he let me pay layaway for about 2 weeks when it hit me:
Why isn't there a layaway option? Obviously, this can benefit the seller,
and the lower-income buyers together, but before I continue, Let me explain
the concept of layaway:
Layaway is an option where you pay weekly, biweekly or monthly a set amount (agreed
on by both parties: buyer and seller) until the item is paid off.
For the seller, this means once the price is agreed on/the first payment is made,
they have to put the item aside (regardless on other buyers' offers after
an agreement is made between the first two parties)
For the buyer: This means the once the price is agreed on, you stick to the price
and stay faithful to the deal 'till the end. This also means communicating
with the seller for anything that should be noted such as change of payment account,
or change of address, etc. Missing your payment by one day could void the whole
transaction leaving the buyer at the mercy of the seller.
Both parties should remain as transparent as possible for the smoothest possible
transaction.
Due to people filing chargebacks on other people, it would be fair to give refund
permissions ONLY to the seller. This way, if the buyer breeches the contract,
or simply wants their money back, the seller could then decide if a refund is
warranted.
It's like a regular BL order, except its just broken up over time.
What do you guys think?
|
Voted no as this would mean tying up inventory until the process was finished
and in the UK you would have to have a credit brokers license to offer 'credit'
(which is basically what a layaway is)
Our inventory turns over far too quickly to tie up elements with this type of
idea. Not sure it would work anyway - People might get tempted to buy 'bigger'
than they can really afford - you then have 'credit control problems'.
If this were to be implemented it would have to be optional as circumstances
are different everywhere.
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| | | | | Author: | estaswick | | Posted: | Sep 1, 2016 14:35 | | Subject: | Re: Suggestion for layaway option! | | Viewed: | 42 times | | Topic: | Suggestions | |
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| Many sellers have the essence of this already, it's called hold order open.
Many sellers will let you continue to shop for a week or two and then pay once
you're complete. It takes away all the messy credit stuff and still achieves
the basic advantage of layaway in the bricklink context.
If you were to implement actual layaway you'ld have a number of hurdles,
not the least of which is how paypal would deal with those transactions. What
if a seller ships you a brick, will paypal refund all the payments or just one?
Conversely what if a buyer claims item not delivered for the other 6 payments?
given how easy it is to get paypal credit, I'd say go that route if you need
credit. I want to be selling lego, not credit terms.
I do like the idea of holding order open for some buyers and will happily offer
that for a reasonable time frame if asked.
In Suggestions, Noobface80 writes:
| | Hello! I am currently placing an order with one of the coolest store owners I've
come across, and he let me pay layaway for about 2 weeks when it hit me:
Why isn't there a layaway option? Obviously, this can benefit the seller,
and the lower-income buyers together, but before I continue, Let me explain
the concept of layaway:
Layaway is an option where you pay weekly, biweekly or monthly a set amount (agreed
on by both parties: buyer and seller) until the item is paid off.
For the seller, this means once the price is agreed on/the first payment is made,
they have to put the item aside (regardless on other buyers' offers after
an agreement is made between the first two parties)
For the buyer: This means the once the price is agreed on, you stick to the price
and stay faithful to the deal 'till the end. This also means communicating
with the seller for anything that should be noted such as change of payment account,
or change of address, etc. Missing your payment by one day could void the whole
transaction leaving the buyer at the mercy of the seller.
Both parties should remain as transparent as possible for the smoothest possible
transaction.
Due to people filing chargebacks on other people, it would be fair to give refund
permissions ONLY to the seller. This way, if the buyer breeches the contract,
or simply wants their money back, the seller could then decide if a refund is
warranted.
It's like a regular BL order, except its just broken up over time.
What do you guys think?
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| | | | | Author: | yorbrick | | Posted: | Sep 1, 2016 16:38 | | Subject: | Re: Suggestion for layaway option! | | Viewed: | 33 times | | Topic: | Suggestions | |
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| A savings jar / money box is much simpler. Save, then spend when you have enough
money. I don't mind holding items bought for a week, but that is so a customer
can finish going through the store / working through wants lists rather than
waiting for them to get money together to be able to pay. I don't think credit
terms would work so well here. Laws vary so much from country to country on things
like this.
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| | | | | | | Author: | Grego | | Posted: | Sep 1, 2016 16:56 | | Subject: | Re: Suggestion for layaway option! | | Viewed: | 32 times | | Topic: | Suggestions | |
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| In Suggestions, yorbrick writes:
| | A savings jar / money box is much simpler. Save, then spend when you have enough
money. I don't mind holding items bought for a week, but that is so a customer
can finish going through the store / working through wants lists rather than
waiting for them to get money together to be able to pay. I don't think credit
terms would work so well here. Laws vary so much from country to country on things
like this.
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I recently had a buyer who bought and paid for his order, but wanted me a delay
shipping his order for 2 weeks .... That's the kind of layaway plan I don't
mind. 😎
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| | | | | Author: | JGR1014 | | Posted: | Sep 1, 2016 18:48 | | Subject: | Re: Suggestion for layaway option! | | Viewed: | 29 times | | Topic: | Suggestions | |
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| In Suggestions, Noobface80 writes:
| | Hello! I am currently placing an order with one of the coolest store owners I've
come across, and he let me pay layaway for about 2 weeks when it hit me:
Why isn't there a layaway option? Obviously, this can benefit the seller,
and the lower-income buyers together, but before I continue, Let me explain
the concept of layaway:
Layaway is an option where you pay weekly, biweekly or monthly a set amount (agreed
on by both parties: buyer and seller) until the item is paid off.
For the seller, this means once the price is agreed on/the first payment is made,
they have to put the item aside (regardless on other buyers' offers after
an agreement is made between the first two parties)
For the buyer: This means the once the price is agreed on, you stick to the price
and stay faithful to the deal 'till the end. This also means communicating
with the seller for anything that should be noted such as change of payment account,
or change of address, etc. Missing your payment by one day could void the whole
transaction leaving the buyer at the mercy of the seller.
Both parties should remain as transparent as possible for the smoothest possible
transaction.
Due to people filing chargebacks on other people, it would be fair to give refund
permissions ONLY to the seller. This way, if the buyer breeches the contract,
or simply wants their money back, the seller could then decide if a refund is
warranted.
It's like a regular BL order, except its just broken up over time.
What do you guys think?
|
Sorry, but I gotta vote 2 thumbs down on this idea. I am striving to process
my orders as fast as possible. Tying up inventory to bankroll a buyer is counter
productive. This is one of the reasons I offer Stripe, so a buyer can have yet
another way to defer Lego costs. This adds another layer of inventory management
into your store.
Greg..........JGR
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| | | | | Author: | Macaronis | | Posted: | Sep 1, 2016 18:56 | | Subject: | Re: Suggestion for layaway option! | | Viewed: | 30 times | | Topic: | Suggestions | |
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| In Suggestions, Noobface80 writes:
| | Hello! I am currently placing an order with one of the coolest store owners I've
come across, and he let me pay layaway for about 2 weeks when it hit me:
Why isn't there a layaway option? Obviously, this can benefit the seller,
and the lower-income buyers together, but before I continue, Let me explain
the concept of layaway:
Layaway is an option where you pay weekly, biweekly or monthly a set amount (agreed
on by both parties: buyer and seller) until the item is paid off.
For the seller, this means once the price is agreed on/the first payment is made,
they have to put the item aside (regardless on other buyers' offers after
an agreement is made between the first two parties)
For the buyer: This means the once the price is agreed on, you stick to the price
and stay faithful to the deal 'till the end. This also means communicating
with the seller for anything that should be noted such as change of payment account,
or change of address, etc. Missing your payment by one day could void the whole
transaction leaving the buyer at the mercy of the seller.
Both parties should remain as transparent as possible for the smoothest possible
transaction.
Due to people filing chargebacks on other people, it would be fair to give refund
permissions ONLY to the seller. This way, if the buyer breeches the contract,
or simply wants their money back, the seller could then decide if a refund is
warranted.
It's like a regular BL order, except its just broken up over time.
What do you guys think?
|
The only way I would consider saying yes is if there was a % extra to me and
NOT to BL for holding the order. Otherwise Hell no.
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USA, California
United Kingdom, England
Canada, British Columbia
