Introduction
Use it operates within the sharing economy, facilitating the rental of various products through its platform. By providing a secure payment service, Use It ensures both users and product owners benefit from guaranteed reservations and rental income.
Authentication
Use It utilizes Auth2 and OpenID for user identification and permissions, relying on the Okta platform for managing user permissions. Users can conveniently create accounts using their Google or Facebook credentials.
Profiles
To streamline platform usage, users can act both as product suppliers and renters without any restrictions on specific requests.
Product Listings
Use It prioritizes user experience by allowing the publication of diverse products (excluding cars and accommodations) on its platform. While default categories are provided, the app allows for potential category expansion over time.
Search Functionality
The platform enables users to conduct searches based on their specific requirements, utilizing various search criteria and specifying desired dates and keywords to enhance product identification.
Calendar & Availability Management
In our business model, each product will feature its own calendar of availabilities. The search function operates based on the product's availability, dynamically displaying or hiding products in search results accordingly. Product calendars are systematically updated after each booking to prevent any conflicts in scheduling. Additionally, we are planning to introduce a forthcoming feature that will empower owners to specify one-time, recurrent, or periodic unavailability for their products, further enhancing their control over scheduling and availability management.
Workflow
Use It follows a straightforward and secure five-step booking process:
- Product Selection and Booking: Users select and reserve a product based on predefined criteria, with a credit card required for booking. The application holds the booking amount upon owner confirmation.
- Booking Confirmation/Rejection: Product owners have three days to accept or reject bookings. Upon confirmation, the booking amount is withdrawn from the renter's credit card.
- Product Pickup: Renters pick up the product at the designated address and date, exchanging a code for identity confirmation is required.
- Product Return: Renters return the product to the same address, confirming with an exchange of code.
- Termination: Both parties can rate their experience and provide reviews within five days after product return. The booking amount is held for five business days before payout to the owner.
Payment
Use It utilizes Stripe services for payments, currently accepting credit cards with plans to integrate other payment methods in the future.
Payouts
Owner revenue is sent to their Canadian checking accounts, requiring account details provided on the Use It platform. Payouts are processed five business days after booking termination. Money transfer delays could occur dependent on owner’s bank specifications.
Geolocation
The Use It platform utilizes geolocation for users to receive relevant search results, with the option for users to decline geo-positioning permissions, utilizing IP addresses for approximate positioning.