Costs

You are probably wondering “What are the costs to use the PeerRenters app?” We’ll we’ve kept it easy-peasy.

It’s free to download the app.

It’s free to list your stuff.

It’s free to search for stuff.

Sellers pay us a 10% fee for all successful rental and sales transactions processed via the app: The renter/buyer pays a 10% booking deposit ($2 minimum) when they commit to a transaction, which we keep as our fee. The buyer/renter then settles the 90% balance (plus any applicable taxes) with the property owner.

For example, if the item being sold or rented has a transaction value of $10, the renter or buyer will be prompted to make a $2 booking confirmation fee. The renter or buyer will then pay the property owner $8 in person when they meet to conclude their transaction. And we will keep the $2 booking fee as our fee. The property owner can reject the transaction, and we’ll then refund the $2 booking fee in full back to renter or buyer.

Another example, if the item being sold or rented has a transaction value of $100, the renter or buyer will be prompted to make a $10 booking confirmation fee. The renter or buyer will then pay the property owner $90 in person when they meet to conclude their transaction. And we will keep the $10 booking fee as our fee. The property owner can reject the transaction, and we’ll then refund the $10 booking fee in full back to renter or buyer.

It is as simple as that.