Tuesday, 11 August 2015

Review: Gumtree & Shepherd

Have you heard about this new agreement called “Shepherd”? If not you would by now be asking who and what is “Shepherd”? As an avid Gumtree user Shepherd reduces the risk of fraud for both the Buyer and the Seller. As a trusted third party, Shepherd receives, holds and releases funds online, according to transaction terms agreed upon by both parties.
From dodgy sellers to just plain weird buyers, dealing with someone you don’t know is a scary business. It’s always risky to walk around with cash and meet some stranger on some street corner just because you really want that IPhone he advertised online. That is why Shepherd arranges both online payment and delivery for you, so you don’t need to carry around cash or meet a stranger anymore! So whether the seller is in your own hometown or in another city, Shepherd can help you conclude your transaction hassle free!

So now you would ask, how does it work?
Step 1: Buyer and Seller Agree on a Price
A buyer and a seller start e-mailing each other on an online classifieds site. They agree on a price and would like to trade secure using Shepherd. The seller kick starts the process by logging into Shepherd. The buyer is notified via e-mail and sent a unique transaction number.

Step 2: Buyer Pays Shepherd
The buyer logs in and finds the item using the unique transaction number. She pays the agreed amount and Shepherd keeps her money safe and secure. A notification is sent to the seller to tell him that the buyer’s payment has been reserved. The seller logs in, and pays our cheap courier rates. He then prints the waybill and waits for collection.
Step 3: Shepherd Sends Courier to Seller for Collection
The courier collects during office hours and gets the parcel on its way to the buyer.
Step 4: Buyer Inspects Goods Once Arrived
On delivery, the buyer opens the parcel and checks the item. She accepts or rejects it.
Step 5: Shepherd Releases Money to Seller When Accepted
If accepted, Shepherd releases the reserved payment to the seller - minus our miniscule fees. If rejected, the courier simply returns it to the seller and the buyer’s reserved payment is refunded - less the return courier fees. The courier still wants to be paid, see. But Shepherd will waive the transaction fees!
Is there a cost involved?
Shepherd charges 3.95% of the transaction value with a minimum charge of R30. Not bad for complete peace of mind, don’t you think? Well if this is something that might interest you, but you still have a few questions, click here for some FAQ.

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