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Comment by altoz | Hacker News Reader

love the concept. a couple of comments:

1. I would love to post my gear there (I have a bunch of high-end Canon L lenses), but there's no faq or anything about how I'm protected in case my equipment gets dropped by the person I rent to. What happens, for example, if my equipment gets stolen?

2. How do I get paid? Is it a bank deposit? Cash? Bitcoins?

If you want more listings, you should make the process of lending easy and safe.

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I was looking for this info as well and I found some answers in the terms + services.

1) You can redeem up to $5000 for your equipment. Basically their credit card will be on file and if something happens you can claim it.

I couldn't find anything on the payout sides of things.

But what happens if the $5000 you attempt to charge to their card is declined?

That's a lot of risk to carry as a lendee (lessee?). I'd probably want to insure against that risk if possible.

Also how are you checking that the lendee's CC can cover the amount of the current equipment value?

The policy will probably change soon to be the value of a replacement vs some arbitrary amount. Luckily, most gear on the site isn't super expensive.

1. As mentioned in other responses, CameraLends will replace your equipment if something goes awry. 2. Paypal currently. Would you prefer something else?

You're right; reducing risk and making everything seem worry-free is going to be key. Thanks for the feedback.

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