New year, new SWAPD!
Here is what’s in store for you guys for the year 2020.
We all make new year resolutions, and SWAPD is no different. We plan to make some major changes for the year 2020, and we would like to announce those changes in this topic. At the same time, we would like to take the opportunity to talk to our members, to see what they would like to see added/removed/implemented. But first, let’s go over what is waiting for you guys.
#1 We’re dropping prices!
I am a firm believer that if you create the right environment for clients, they will keep coming back. Lowering prices (in my opinion) is simple economics. If something is cheaper, more clients are bound to use it. And while the discount we are talking about isn’t huge, in the context of a fiscal year, it’s a large chunk of cash we’re returning to our sellers. So, starting 20/20, we’re dropping our prices by 1% across most fees.
This is what the new fees will look like:
We will charge 9% on all transfers of social media properties and services, with a 20 USD transaction minimum.
As always, VIP Members have a progressive fee structure:
- Transactions up to 10K - 8%
- Transactions 10-20K - 7%
- Transactions 20-30K - 6%
- Transactions 30-50K - 5%
- Transactions 50K and up - 4%
Domain/websites/odd transfers/influence deals stay the same. This discount, while small, makes SWAPD more competitive against its rivals. We hope our members will appreciate this move and continue to use SWAPD throughout 2020 and beyond! We’ve always said that if/when traffic/volume continues to grow, we will lower prices, and not increase them as most sites do after becoming established.
#2 We’re increasing limits!
- We’re increasing TransferWise.com limits form 5,000 USD to 10,000 USD.
- We are increasing PayPal limits for VIP members from 2,000 USD to 2,500 USD.
#3 We will update the UI
Or website dev and UI guy, @shaunthomas, will make slight but noticeable changes to the way SWAPD looks. Hopefully, you guys will approve the changes
#4 We plan to enlarge our staff!
We will be looking for moderators, as we plan to staff one moderator per category. Unfortunately, the position doesn’t pay, the only perks are:
- The connections you will make.
- The increased trust you will receive from your SWAPD peers.
- You will be in line to (possibly) become an admin in the future. And that’s a paid position.
- You will have the power to ban @yair! And you can’t put a price on that.
We will look for people who are dedicated to SWAPD, who flag, report, and are knowledgable in this field.
#5 We’re increasing payout/response times!
Wait, what? That’s not a good thing! Right?
In theory, to an average client, no. It’s not a good thing. But our staff is growing tired of people who literally expect to be paid out within 30 minutes after a transaction and get annoyed if that doesn’t happen. I believe through 2019, we were only late 2-3 times in sending out the payment to our clients, and by late I mean instead of the declared 10 hours, it took 12-13. We’ve spoiled our clients with quick response times, and we need to throttle that down. Starting in 2020, payouts and payment confirmations may take up to 72 hours. Even with that prolonged time frame, we still believe we’re faster than most of our competition.
#6 We’re changing Premium Membership prices
To save on paperwork (invoices), we’re scrapping the 5 USD per month (or 36 USD per year) pricing structure. Starting in 2020, there will be a one time, 99 USD fee, for Premium Membership (lifetime). Users who are currently subscribed will be able to cancel everything new year and keep their Premium Memberships as is.
For now, those are the biggest changes. But please remember!
These changes won’t be instantly implemented on the 1st of January, 2020. Please give us time to make things happen, we will notify you of every change as it happens. We expect this transformation to be completed by Jan 30th.