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With Honey, we can offer you more instead of what Gazelle or eBay would offer you. Ex) Instead of selling your iPhone for $400, we could give you $440 in some

With Honey, we can offer you more instead of what Gazelle or eBay would offer you. Ex) Instead of selling your iPhone for $400, we could give you $440 in some cases. Does that answer your question? -Adam

dot 14y ago
But you also charge more for the new stuff... Craigslist is still the best way to sell popular items. You get cash right away, there are zero fees and you don't have to deal with packaging and shipping. Hard to compete with.
- theswapdaddy 14y ago
  We charge under retail for most items and all of them are brand new in box. On Craigslist, you have the hassle of going to pick up money and then meeting up with the person to do the transaction. Swapidy is a b2c business. We buy stuff from you and pay you on the spot. So as soon as you checkout, you already have your currency waiting for you. You can order whatever you want immediately and we'll ship it out to you as soon as we receive yours. There are no transaction fees on Swapidy. There aren't even any shipping costs. We generate the labels for you free of charge both for selling and buying. So when you sell something to us, all you do is affix the prepaid shipping label on the box, and drop it in your mailbox. No need to drive anywhere.
AnthonyMouse 14y ago
You do understand that would be a pyramid scheme, right? You can't sustainably create currency out of nothing like that. At best what you're doing is the same as what the Fed does when they print money, i.e. causing inflation, so that at least there is no big crash at the end where everyone left holding your currency loses everything (though that is exactly what would happen if your site ever experiences a significant reduction in the active user base, as it would cause hyperinflation until there are no sellers left willing to sell anything in exchange for your fake money, making it totally worthless). But you're still removing value from the credit each of the existing users is currently holding every time you do it. And you've set it up so that people can't get rid of the "money" in any way other than by putting it into the hands of some other sucker who has to hold it while its value drops every time you make more of it. I can certainly see how that benefits your company, but I have a hard time seeing how I should like it as a user, unless I think I'm being savvy by getting in near the root of the pyramid and then immediately exchanging all my fake money for real goods valued higher than those I exchanged for them, and hoping I can make my exchanges before the market saturation point is hit and the free money stops.
- theswapdaddy 14y ago
  Thank you for the comment. First off, as mentioned in the other comments, this is not a pyramid scheme. Your currency will always be worth the same conversion rate of $1 = 10 Honey. The value won't ever change. As for the products, we try to buy high and sell as low as we possibly can. The aim right now is to get users on board so they can see how awesome the experience is. The reason we can buy higher than market value is because our overhead is lower than sites that pay up front cash. At the moment, we will buy new products out of pocket for you in exchange for your used product + any difference, if any. Eventually, those used products will be available to the market too for a cost lower than market value. I invite you to try the site out and see for yourself how it works. Again, the value of the Honey never changes and what we buy your product for always remains of the value you sold it for. Whatever you buy, we will fulfill. I hope that gives you a little bit of insight of how what we do is possible. Feel free to ask for any clarifications. -Adam
- argumentum 14y ago
  You do understand that would be a pyramid scheme, right? I think this would be true if there is no value added, as in the case of the Fed. But in this case, the model creates a market restriction which can theoretically benefit both parties. Consider the following case: 1. Consumer A has an Apple and wants an Orange 2. Consumer B has an Orange and wants an Apple Trading the Apple for the Orange directly (bartering) is clearly more efficient than A and B both trading for dollars and then trading their dollars for the good they want. Swapidy will benefit specifically for consumers who have one of the devices they are buying and want one of the (new) devices they are selling. They can get a better deal than the full market would allow.
  - AnthonyMouse 14y ago
    >Trading the Apple for the Orange directly (bartering) is clearly more efficient than A and B both trading for dollars and then trading their dollars for the good they want. This is theoretically true, but it wrongly assumes that the inefficiency is meaningful. We're talking about computers here. It all gets automated anyway. And if the efficiency is utterly trivial then it can't balance any nontrivial amount of currency manipulation.

dot 14y ago

But you also charge more for the new stuff... Craigslist is still the best way to sell popular items. You get cash right away, there are zero fees and you don't have to deal with packaging and shipping. Hard to compete with.

theswapdaddy 14y ago
We charge under retail for most items and all of them are brand new in box. On Craigslist, you have the hassle of going to pick up money and then meeting up with the person to do the transaction. Swapidy is a b2c business. We buy stuff from you and pay you on the spot. So as soon as you checkout, you already have your currency waiting for you. You can order whatever you want immediately and we'll ship it out to you as soon as we receive yours. There are no transaction fees on Swapidy. There aren't even any shipping costs. We generate the labels for you free of charge both for selling and buying. So when you sell something to us, all you do is affix the prepaid shipping label on the box, and drop it in your mailbox. No need to drive anywhere.

AnthonyMouse 14y ago

You do understand that would be a pyramid scheme, right? You can't sustainably create currency out of nothing like that. At best what you're doing is the same as what the Fed does when they print money, i.e. causing inflation, so that at least there is no big crash at the end where everyone left holding your currency loses everything (though that is exactly what would happen if your site ever experiences a significant reduction in the active user base, as it would cause hyperinflation until there are no sellers left willing to sell anything in exchange for your fake money, making it totally worthless). But you're still removing value from the credit each of the existing users is currently holding every time you do it. And you've set it up so that people can't get rid of the "money" in any way other than by putting it into the hands of some other sucker who has to hold it while its value drops every time you make more of it. I can certainly see how that benefits your company, but I have a hard time seeing how I should like it as a user, unless I think I'm being savvy by getting in near the root of the pyramid and then immediately exchanging all my fake money for real goods valued higher than those I exchanged for them, and hoping I can make my exchanges before the market saturation point is hit and the free money stops.

theswapdaddy 14y ago
Thank you for the comment. First off, as mentioned in the other comments, this is not a pyramid scheme. Your currency will always be worth the same conversion rate of $1 = 10 Honey. The value won't ever change. As for the products, we try to buy high and sell as low as we possibly can. The aim right now is to get users on board so they can see how awesome the experience is. The reason we can buy higher than market value is because our overhead is lower than sites that pay up front cash. At the moment, we will buy new products out of pocket for you in exchange for your used product + any difference, if any. Eventually, those used products will be available to the market too for a cost lower than market value. I invite you to try the site out and see for yourself how it works. Again, the value of the Honey never changes and what we buy your product for always remains of the value you sold it for. Whatever you buy, we will fulfill. I hope that gives you a little bit of insight of how what we do is possible. Feel free to ask for any clarifications. -Adam
argumentum 14y ago
You do understand that would be a pyramid scheme, right? I think this would be true if there is no value added, as in the case of the Fed. But in this case, the model creates a market restriction which can theoretically benefit both parties. Consider the following case: 1. Consumer A has an Apple and wants an Orange 2. Consumer B has an Orange and wants an Apple Trading the Apple for the Orange directly (bartering) is clearly more efficient than A and B both trading for dollars and then trading their dollars for the good they want. Swapidy will benefit specifically for consumers who have one of the devices they are buying and want one of the (new) devices they are selling. They can get a better deal than the full market would allow.
- AnthonyMouse 14y ago
  >Trading the Apple for the Orange directly (bartering) is clearly more efficient than A and B both trading for dollars and then trading their dollars for the good they want. This is theoretically true, but it wrongly assumes that the inefficiency is meaningful. We're talking about computers here. It all gets automated anyway. And if the efficiency is utterly trivial then it can't balance any nontrivial amount of currency manipulation.