Vaycaychella Inc (VAYK)

[CTYankee]

Getting the buyer and lender(s) together isn't hard. The tough part is going to be assuring they get their percent. If they just put the two together then walk away, they may never know the real amount of the deal and thus the amount to charge for their fee. And, what is to stop the two parties from making the deal privately and cutting them out all together.

VRBO/HomeAway and Airbnb always get their percent of the rent because the property owner doesn't have contact info on a prospective guest until they actually make a request to book and the property owner accepts it. Once the property owner accepts the booking, VRBO automatically charges the first payment to their guest's credit card, which they have already provided.

For my property, summer transactions are between $2500 and $2850. In a WSGF transaction we could be talking about hundreds of thousands of dollars. I'd like to know how they are going to control those transactions to assure they get paid. They have to be doing more than just putting the two parties together. That is one reason I am interested in seeing the beta version of the application.