The innovative patent-pending platform behind More People Pay Less is built upon a dynamic pricing method - as the number of sales for a specific Offer increases, the price decreases for all buyers.
Every Offer on More People Pay Less has a Dynamic Price Chart with a range of potential prices and a corresponding number or required Pledges for the Offer to be sold at that price.
The way More People Pay Less works is simple: when you find an Offer you are interested in, you make a Pledge (a pre-approved payment) for the maximum amount you would be willing to pay for that Offer based on the Dynamic Price Chart. As more people make Pledges for the same Offer, the price goes down for the entire group, and you may pay even less than your original Pledge at the Payment Collection Date.
The Current Price refers to the lowest possible applicable price that a combination of Pledges accomplishes.
Next Pledge Price refers to the lowest possible Pledge amount necessary in order to accomplish the next lowest Current Price according to the Dynamic Price Chart.
Final Price refers to the Current Price of an Offer on the Payment Collection Date.
For Example: In the Offer below, the price range is from $2,500 to $1,000, and the number of required Pledges is from 6 to 20. Each Pledge amount corresponds to a required number of Pledges, and the combination of Pledges determines the Current Price.
An Offer is considered Active only after the required number of Pledges has been met for any step in the Price Chart. Until then, and Offer is considered Pending. If an Offer is Pending at the Payment Collection Date, the Offer is canceled.
For Example: The Offer below is Active if 6 people Pledge at $2,500 or if 10 people Pledge at $2,100. Also, If 7 people Pledge at $2,400 AND 12 people Pledge at $1,500, the Offer is Active and the Price would be $1,100, since 19 people Pledged in total.
A Pledge can either be considered In or Out throughout the span of an Offer.
A Pledge is considered In when an Offer is Active AND the Pledge is for an amount that has met the required number of Pledges.
A Pledge is considered Out when an Offer is Pending OR the Pledge is for an amount that has not met the required number of Pledges. Please note: the status of a Pledge may change before the Payment Collection Date for several reasons: the Offer becomes Active, the Offer becomes Pending, People change/cancel their Pledges, and/or more people Pledge.
You will be charged, on the payment collection date, for the pledge you made using PayPal. If your PayPal balance does not have sufficient funds, payment will be collected from the backup credit card you added to your PayPal account.`
If you wish to pay with cash and receive an extra 2% discount, you may do so once an offer becomes Active, before the payment collection date.
There are several types of Pledges you can make on an Offer:
Definitive Pledge When you make a Definitive Pledge, you are willing to Pledge at the Next Pledge Price. If the Offer is not yet Active, then a Definitive Pledge would be at the maximum price. If the Offer is Active, then a Definitive Pledge would bring the price down to the next lower price on the Chart.
For Example: Let’s say that 10 people have Pledged for the Offer below and the Current Price is $2,100. A Definitive Pledge would be for $1,900 (Next Pledge Price), which would make that the new Current Price for all 11 Pledges.
Conditional Pledge When you make a Conditional Pledge, you are willing to Pledge on an amount that is lower than the Next Pledge Price. Please note: at the Payment Collection Date, a Conditional Pledge will only receive the Offer if the required number of Pledges at your price is accomplished. If the requirement is not met, then you will not receive the Offer.
For Example: Let’s say that 10 people have Pledged for the Offer below and the Current Price is $2,100. A Conditional Pledge would be for $1,600. In order for you to receive the offer, at least 4 more people would need to make Definitive Pledges for you to receive the Offer at the Payment Collection Date.
Pioneer Pledge When you make a Pioneer Pledge, you are among the first people willing to Pledge on an Offer at the highest price. Since you are helping towards making the Offer become Active, you will receive a Pioneer Discount – an extra discount on the Final Price.
For Example: In the Offer below, a Pioneer Pledge would be for $2,500. Once the Offer is Active and the Final Price is established, you would receive an extra discount on the Final Price – 4% in the Offer below. You may cancel or edit your pledge amount until 48 hours before the payment collection date. If too many people cancel or edit their pledges at the last minute, there is a possibility that an offer may switch from Active to Pending, which would be a shame. So please only pledge if you mean it.