So we did have our soft launch at SEMA and, of course, encountered hiccups... But, to our surprise, it wasn't our math with the checkout that was wrong... It was Paypal's newly implemented fee structure (as of August 10th, 2010). They no longer allow merchants to refund customers for free... This annoyed us a great deal and as such, we're working on alternative payment processing vendors that will keep the site as cheap as possible AND bring value to the service at that cost.
I should note that the site remains ABSOLUTELY FREE for lenders. You will never get charged a dime by us. We designed it this way to encourage folks to post tools up and build the P2P database.
We have a short tutorial video on how to post tools up located here.
We learned a lot at SEMA and also discovered there was even more interest than we thought. With that said, we do have a lot of work to do to incorporate requested changes, address concerns, etc.
We hope we can still depend on your input as potential users of the site as it develops.
Thanks a ton, guys and girls!
- Ramzi
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