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Introducing Bike Hub Pay: Buyer & Seller Protection

By Bike Hub Features · 69 comments

We’re excited to announce the launch of our buyer and seller protection service. Bike Hub Pay is a new payment service which offers peace of mind by allowing you to transact safely and securely.

How Bike Hub Pay Works

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Buying with Bike Hub Pay

It all starts with spotting your dream bike on Bike Hub, but you might be hesitant to pull the trigger? Buying via Bike Hub Pay means your payment is held securely by us until you receive the bike.

If it does not arrive or is not what was described, no problem! Simply let us know, return the bike (if applicable) and we will refund your payment.

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Selling with Bike Hub Pay

Bike Hub Pay will increase the number of potential buyers as Hubbers outside of the sellers region can now trade remotely with greater confidence. Increased demand means quicker sales and the best possible selling price. Buyers will be able to pay via EFT or Credit Card*.

Sellers, you can now enable Bike Hub Pay when listing your items for sale. All Bike Hub Pay enabled adverts are highlighted with a Pay shield. Buyers can make an offer to purchase directly from the advert page.

*Only for amounts up to R50 000, additional fees apply.

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Fees

The Bike Hub Pay fee is paid by the Buyer. It is calculated as 3.9% of the offer amount with a minimum fee of R65 and maximum fee of R1,650.

Since founding in 2004, Bike Hub has become renowned as the trusted platform to buy or sell all things bicycles. The introduction of a secure payment service means we can enable a far greater level of trust between buyer and seller. More trust means successful sales and more people out there on two wheels.

Want to know more? Visit the Bike Hub Pay page to see how it works.

*Update – 4 February 2021: Minimum fee reduced from R100 to R49

*Update – 1 March 2023: Fee changed from the Seller to Buyer

*Update – 9 February 2026: Fee percentage, minimum fee, and maximum fee updated.

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Comments

MORNE

Nov 30, 2020, 2:14 PM

You mean we can shop on the other side of the mountain now ??

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Charsky

Nov 30, 2020, 2:18 PM

Nice one! Go go bikehub! 

KevinHow

Nov 30, 2020, 2:22 PM

Why not go one step further and compete with Postnet on the shipping of items domestically.

 

Postnet charge R100.00, for items up to 5kG, however having it all under "one roof" would be an advantage, or am I getting ahead of myself....!

Nick

Nov 30, 2020, 2:30 PM

Why not go one step further and compete with Postnet on the shipping of items domestically.

 

Postnet charge R100.00, for items up to 5kG, however having it all under "one roof" would be an advantage, or am I getting ahead of myself....!

 

It's great to get the feedback and ideas. Thanks.

 

All in good time  ;)

Kranswurm

Nov 30, 2020, 2:31 PM

Unfortunately, there is a lot of entities trolling the web with no honest & pure intensions.

 

This excellent, thanks guys.  Will provide protection for both buyer and seller ...   :thumbup:

 

PS: I suppose you cant make it mandatory?

I disagree with that.I want the option as a seller 

TheoG

Nov 30, 2020, 2:33 PM

I disagree with that.I want the option as a seller 

 

Yes I agree, that's why the "cant" is in there ...  :D

 

And also Matt or Nick confirmed they are not planning to make it mandatory.

daniemare

Nov 30, 2020, 2:39 PM

Great Development.

 

Regarding the credit card fee paid by the buyer-how does this gel with PASA (payment association of South Africa) strict “no surcharging”?

 

In line with this, my understanding is that all banks’ agreement with service providers highlights this prohibition.

 

I see that Bike Hub provides a service and is not the seller, but was just wondering all the same.

ChrisF

Nov 30, 2020, 2:48 PM

This is awesome!!! I have chewed people's ear off about something like this on many a ride... I have had great experiences with fellow hub users but I know there are some bad apples out there. Next up is a deal with a courier service where we get a small discount and you guys can charge a small commission for the set up... I have spent far too much money at Postnet. 

 

Good job guys.

 

PostNet is actually one of the cheapest options, especially "counter to counter".

 

Door-to-door varies with weight, package size, and the remoteness of the area.  Delivery from Cape to Joburg is overnight and about R200 for a small package .... but send that package to a remote mine, farm, out of the way spot and the delivery time increases AND the costs can go through the roof !!

 

 

Companies such at WorldNetExpress are already set up for this type of business.  Only "issue" being the variability of the delivery costs to remote destinations, AND determining the "weight" vs "volume" prior to shipment .... these factors DO impact on the delivery costs, and is often only clarified/confirmed after the package is picked up.

 

 

 

PS - WorldNetExpress has a very handy function where the waybill is available as an image on their web portal.  So for proving delivery their system WORKS.  Over the years I have had two clients get rude about the "non-delivery" of their goods .... they go very silent when you send them the image with their signature on it.

Kranswurm

Nov 30, 2020, 4:56 PM

Yes I agree, that's why the "cant" is in there ...  :D

 

And also Matt or Nick confirmed they are not planning to make it mandatory.

Liar liar your pants are on fire...

Frosty

Nov 30, 2020, 5:14 PM

I have a partially completed mail in my drafts folder asking if we (the Community) could setup a list of trusted "3rd party verifyers (3PV)" aka Hubbers, that can view goods where the seller is close to us, on behalf of the buyer. Buyer makes contact with the closest matching 3PV, and requests a verification of said goods.

 

Example:

I recently purchased a PM from someone in CPT, and asked him to take it to my CPT offices where my Warehouse Manager could verify certain details for me. Everything checked out and I paid, and the seller left the PM at my CPT offices as I had arranged a courier to collect. I was going to contact a few well respected Hubbers (in my view) to ask for assistance, but decided to use my office colleagues for this transaction. 

 

The point of my email was to find a trusted way of paying for something similar to what has now transpired on this thread. At least the payment side sorted. 

 

If vetted properly, we could "crowd-fund" a vetting agency and help each other out.

betaboy

Nov 30, 2020, 8:23 PM

In-house means more admin for you guys. Will you have the back up to maintain such a service? I'm concerned back logs would slow down the transaction and a wait in line sort of process? Your thoughts?

betaboy

Nov 30, 2020, 8:26 PM

..another thought, you guys could piggy back on the Paxi system? Given that a thought for future development? 

TheoG

Dec 1, 2020, 3:59 AM

Liar liar your pants are on fire

 

Posted Yesterday, 08:22

Thanks for the positive feedback. We're really excited to finally get this out.

 

We have no plans to make it mandatory. Buyers can always elect to avoid sellers who refuse to use it.

 

Our current thinking is that a free-to-use classifieds for private users is important for the continued success of Bike Hub.

 

???

Matt

Dec 1, 2020, 4:39 AM

In-house means more admin for you guys. Will you have the back up to maintain such a service? I'm concerned back logs would slow down the transaction and a wait in line sort of process? Your thoughts?

In-house does mean more admin for us, but it also means seamless integration with Bike Hub. We felt this was critical to the success of the service and was best achieved keeping it in house. 

 

In terms of capacity / back up this is a key priority, but we're under no illusions about the significance of what we're undertaking.

 

At launch we have purposefully kept the minimum fee relatively high at R100 to ensure we can adequately cover costs and to limit transaction volumes while we ensure our processes and systems are geared to scale up. 

 

 

..another thought, you guys could piggy back on the Paxi system? Given that a thought for future development? 

There are a number of great options when it comes to delivery of smaller items, e.g. PostNet. Aramex dropbox, Paxi, and various frequently recommended companies to handle full bike delivery.

 

Currently this is up to the buyer & seller to arrange with a courier service of their choosing, however this is the next major development for us in terms of integration. 

Pure Savage

Dec 1, 2020, 7:49 AM

If you guys ever need a student to help out around the office hit me up... I am free from today until mid March :whistling:

Oiii write your DC race report

Pure Savage

Dec 1, 2020, 8:23 AM

I was thinking for bikes being sold, could you link the payment to an advert and require a serial number be included, this would increase the serial number database and you could run it against the serial numbers in the stolen section?

Matt

Dec 1, 2020, 8:31 AM

I was thinking for bikes being sold, could you link the payment to an advert and require a serial number be included, this would increase the serial number database and you could run it against the serial numbers in the stolen section?

It's a great idea and the first part of that is already in place - any deal / payment is already explicitly linked to an advert.

 

We'd need to add in the serial number element and look at ways to ensure accuracy of self-reported serial numbers.

ChrisF

Dec 1, 2020, 4:24 PM

It's a great idea and the first part of that is already in place - any deal / payment is already explicitly linked to an advert.

 

We'd need to add in the serial number element and look at ways to ensure accuracy of self-reported serial numbers.

 

Photo of the serial number to be included with the photos of the bike .....

 

Just one more pic, and honest sellers will know why this is asked and comply without any complaints.

Eddy Gordo

Dec 2, 2020, 7:17 AM

Anyone knows how to repost an expired ad?

Seems like the option is gone as all I get now with manage ad is delete or enable bike hub pay.

Matt

Dec 2, 2020, 7:20 AM

Anyone knows how to repost an expired ad?

Seems like the option is gone as all I get now with manage ad is delete or enable bike hub pay.

This sounds like a bug! We'll correct asap, but in the interim you'll be able to renew / repost the ad from here: https://bikehub.co.za/classifieds/user/ads?search=&status=expired

 

 

Eddy Gordo

Dec 2, 2020, 7:21 AM

This sounds like a bug! We'll correct asap, but in the interim you'll be able to renew / repost the ad from here: https://bikehub.co.za/classifieds/user/ads?search=&status=expired

 

 

Thanks

ChrisF

Dec 4, 2020, 3:00 PM

PostNet is actually one of the cheapest options, especially "counter to counter".

 

Door-to-door varies with weight, package size, and the remoteness of the area.  Delivery from Cape to Joburg is overnight and about R200 for a small package .... but send that package to a remote mine, farm, out of the way spot and the delivery time increases AND the costs can go through the roof !!

 

 

Companies such at WorldNetExpress are already set up for this type of business.  Only "issue" being the variability of the delivery costs to remote destinations, AND determining the "weight" vs "volume" prior to shipment .... these factors DO impact on the delivery costs, and is often only clarified/confirmed after the package is picked up.

 

 

 

PS - WorldNetExpress has a very handy function where the waybill is available as an image on their web portal.  So for proving delivery their system WORKS.  Over the years I have had two clients get rude about the "non-delivery" of their goods .... they go very silent when you send them the image with their signature on it.

 

UPDATE - 

 

World Net Express will henceforth trade as Rhenus Express.

 

 

Let's see how the transition goes ....

 

Certainly a good time look around at other options as well ....  Small packages (about the size of a ream of A4 paper), pick up at home, deliver to clients home or work address ... monthly account system, easy online booking of packages .... WorldNet certainly gave us GOOD service over the years.

Ryan

Dec 12, 2020, 12:23 PM

Bring back the classified comments. Something of what this site was about has been lost. It has bwcome impersonal as far as I concerned. Please consider those of us who have nade use of the Hub for those reasons.

Dexter-morgan

Jan 8, 2021, 10:23 AM

Used Bike hub first time, went smooth as butter, thanks for this system, will gladly pay the small fee for the security. 

 

Quick time line breakdown, Wednesday 6th Jan posted an Add, got the offer a few minutes later, I accepted, later that day Bike hub confirmed on the deal the funds were secure, I went to an Aramex outlet got a sleeve, knowing that I missed the 3 o clock dead line, I posted it Early morning of the 7th, sent the proof to Bike hub, later that morning, buyer received package the 8th around 10 o clock, he release the funds and got confirmation from bike hub they have made payment to me just after 12, Coming from FNB, I am sure money will reflect tomorrow the 9th.

 

Thanks again.

Matt

Jan 8, 2021, 2:18 PM

Used Bike hub first time, went smooth as butter, thanks for this system, will gladly pay the small fee for the security. 

 

Quick time line breakdown, Wednesday 6th Jan posted an Add, got the offer a few minutes later, I accepted, later that day Bike hub confirmed on the deal the funds were secure, I went to an Aramex outlet got a sleeve, knowing that I missed the 3 o clock dead line, I posted it Early morning of the 7th, sent the proof to Bike hub, later that morning, buyer received package the 8th around 10 o clock, he release the funds and got confirmation from bike hub they have made payment to me just after 12, Coming from FNB, I am sure money will reflect tomorrow the 9th.

 

Thanks again.

Thanks for the feedback Dexter-morgan, and thanks for using Bike Hub Pay  :thumbup: 

 

 

 

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