Rentmania implements secure online-payment and prepares to business scaling
IT-track GenerationS-2014 finalist, Rentmania service for renting things, completed testing of e-commerce product which includes user verification, secure rental payments and reservation of pledge via bank cards, online execution of rental agreement and also delivery and return of things within the boundaries of Moscow
Online payments are provided by Yandex.Kassa – payment service of Yandex.Money. Thanks to this service, users can pay for rental by means of Visa and MasterCard.
The user is fully protected when he is paying for the order using this service: after making an order, the required amount is blocked on his card until he receives a product. After the product is received, the money is transferred to the product owner. Thanks to special mass scale payment technology, the owner can receive remuneration for rental which is transferred to the owner's card or bank account. In case the product does not fit or parties terminate the agreement for other reasons, the customer is entitled to immediately receive his money back with no fee charged.
In December 2015 – January 2016 there was an open testing of innovations among more than 30 000 users and it indicated growth of all key indicators – number of requests, bargains, registrations on website, published advertisements and positive feedback. No advertising tools were used for resource promotion.
At present, Rentmania offers its clients a comprehensive online service for renting things. Service revenue is 20% fee which is charged to the deal value. Company plans for the future to activate product insurance service for the period of temporary use. Preliminary discussions were held and approval from one of the leading insurance companies is already available.
“During our work similar players have been constantly entering and quickly leaving the market, but we were insistently moving toward our big goal. Recently, we have been noticing that some of our ideas and even website texts have been copied or adopted. It proves the fact that we are ahead and are moving to create a new market niche and rational consumption philosophy by saving and consolidating leadership. We create a service where it is possible to quickly order and get required product for a definite period of time without intermediate parties and wearisome phoning. Further fast growth will require continuous product improvements and marketing costs, that is why we conduct active negotiations with investors”, says the project founder Arkadiy Meshkovskiy.
For more information, please visit: https://rentmania.org/.
