BASIC FUNDAMENTALS OF HOW IT WORKS
GETBOOKED757 boils down to connecting an Event Organizer with an Entertainer at an agreed upon price and then creating an online “contract” that the two parties adhere to in order to complete the Event satisfactorily and successfully for both parties involved.
The Event Organizer’s primary concern is that they have an Entertainer at their Event, and the Entertainer’s primary concern is that they perform admirably and that they get paid for their efforts.
The GETBOOKED757 website takes care of all of this through one of two complex processes that are based primarily on the selected Payment Model that the Event Organizer has chosen.
It all starts with the “Payment Model”
ESCROW PAYMENT MODEL
If ESCROW is chosen as the payment model, then the full value of the Agreed Offer Amount will be charged to the Event Organizers credit card 3 days prior to the Event and placed in “ESCROW” (an FDIC bank account that is managed by GETBOOKED757). Once the Event is completed and there have been no disputes submitted regarding the event, then GETBOOKED757 will automatically generate a check and have it mailed to the Entertainer at their specified Profile Mailing Address. The check is sent via USPS and should arrive within a few days. The amount of the check will be the Offer Amount minus GETBOOKED757 Commissions.
Example: If an Offer is accepted for $500 and the Payment Model is set to ESCROW. The Event is 6 months in the future. 3 days before the Event the Event Organizers credit card is charged for $500 and the money is transferred into ESCROW. The Event occurs 3 days later without any issues. 2 days after the Event, GETBOOKED757 issues a check to the Entertainer for $455.00. The GETBOOKED757 Commission is ($500 x 5%) + $20 = $45.00
Timeline Graphical Example for ESCROW Payment Model:
NO ESCROW PAYMENT MODEL
If NO ESCROW is chosen as the payment model, then only the GETBOOKED757 COMMISSION amount will be charged to the Event Organizers credit card when they agree to an Offer Amount. This commission amount gets charged at the time the Offer is accepted. It is up to the Event Organizer to pay the Entertainer the remaining balance of the Offer Amount at the time of the Event or some other agreed upon time.
Example: If an Offer is accepted for $500 and the Payment Model is set to NO ESCROW, then $45 is charged immediately to the Event Organizers credit card (($500 x 5%+ +$20) = $45) at the time the Offer is accepted. The Event Organizer is then responsible for paying the remaining balance to the Entertainer… which is $500-$45= $455.00
Timeline Graphical Example for NO ESCROW Payment Model: