Great Group Buy Service. Discuss Great Group Buy Service, on ChipTalk.net the place to go for your Poker chips and gambling tips. Read it in Group Buy Discussion.
It's an interesting idea. I read a little on their fees, and there aren't many. If the total money collected is over $1000 they take a 4% fee to cover Paypal charges they incur. Also, the group leader would need a premier or business account so they could receive more than $1000 and would be responsible for the Paypal fees that transaction would garner. Fundable could also send the total money to the group leader by check for a $10 fee. One potential problem I see is that there must be a goal total for the group to reach and the group action expires if the goal total is not met within 2 weeks, but as long as the planning stages of a group buy continue to take place here and then the group action is started on Fundable after all the kinks are worked out I don't really see any downside
Does not quite work out for chip group buys because the funding is unitized (each person buys an equal unit). That said, the site mentions a multiple unit buy program (one person can buy up to 4 units). This still falls short for something like the AB samples group buy in that I've got anywhere from 1 to 10 sets being ordered and the shipping cost does not unitize (a four set order does not cost four times a one set order to ship).
That said, it's close to something that may have lowered my effort for the group buy, it also would have removed the $0.30 fee per paypal transaction that really bites for buying one sample set.
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