Difference with other Platforms
difference with other Group Buy / Crowd Funding / E-commerce
Not necessarily better, but different
*some group buy limits where you can buy the product (and collect the payment), to ensure that the items are delivered as promised
oSplit | Co-op | Group Buy | Crowd Funding | E-commerce | |
Seller | Open to all | Co-op leader | Only owner* | Anyone who pass screening | Open to all |
Buyer | limited to friend, friend of friend or nearby | member only | open to all | ||
Tier Price | depending on group's purchase | flat price | depending on one's purchase | ||
Reputation | review, friend connection & vouch | None | review only | ||
Delivery | pick up, meet in person, shipping | shipping only | |||
For Sharing | yes | no | |||
Conditional Selling | count, money or bundle | count / money | count | money | no conditional |
Get All Count | up to a certain number | get exact number | |||
Platform Fee | free - 1% | depends on platform, approximately free - 5% | |||
Payment Processing Fee | none | none - 2.99% + 49c | 2.99% + 49c | ||
Payment | verified manually | verified manually / automatically | verified automatically | ||
Payment Method | transfer, cash, existing balance | transfer, cash credit card, online payment |
credit card, online payment | ||
Product | any product: - including online and offline - a single undivided item - with/without the store's participant |
usually food and offline | virtually any product online and offline - the seller has to accept the negotiation |
new/unique items | virtually any product |
Product Price | cheaper | cheapest for specific items - this requires huge number of buyers |
unique items - no comparison | standard price |