● Hire a Buddy! will receive a 10% fee for all bookings made through the app. It will use a “fair exchange” method to ensure that users and buddies would not simply exchange phone numbers and cut Hire a Buddy! out as a middleman. Payment must be made prior to the activity. Hire a Buddy! will temporarily hold the money until the customer confirms that the activity has been completed. Hire a Buddy! will then wire the money to the buddy’s account and keep a 10% fee. Buddies who are booked but have no confirmed payment will be red-flagged by the system, and disciplinary action might be taken. Pricing is based on both the psychological pricing method and competitor pricing method. Majority of similar apps charge €4.99 for the pro version and subscriptions are usually between €8 and €15 (Chand, z.d.). 91
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