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skinnerfamily
01-08-2010, 05:35 PM
I am planning a trip to DW ...edited to remove specific details........ I want to use a website I found that rents points for $13. I just feel it is safer because I can pay via Paypal. Has anyone used this guy? Am I being foolish and paying too much? Thanks for any advise

Chuck S
01-08-2010, 05:43 PM
Many of the owner here on the DIS accept paypal. However, whether you are paying too much or not is subjective. Are you comfortable booking with an agent, and not directly with the owner? Then it is likely good for you. There have been no complaints about the site that I am aware of.


However, this early, any owner looking to rent points should be able to book December for you.

DisDaydreamer
01-08-2010, 06:12 PM
I think this agent is a good alternative. We have not as of yet rented out any points, but if/when we do I think we will go this route. Mainly because we don't want become travel agents in the process. I've read how many people are fatigued by the requests of the renter to make changes or answer questions or book meals, etc. On the flip side I would prefer to have someone who made it his (or her) business to take care of my needs as the renter. JMHO :)

Deb & Bill
01-08-2010, 06:36 PM
I think this agent is a good alternative. We have not as of yet rented out any points, but if/when we do I think we will go this route. Mainly because we don't want become travel agents in the process. I've read how many people are fatigued by the requests of the renter to make changes or answer questions or book meals, etc. On the flip side I would prefer to have someone who made it his (or her) business to take care of my needs as the renter. JMHO :)

But what happens if DVC decides to cancel this reservation because they have decided the person who made the reservation was a commercial renter? Then you lose the points, give the money back to the non-member and you are out a bunch.

I'll find family or friends who want to go and gift them the reservation or charge a small amount.

GoofItUp
01-08-2010, 06:36 PM
I agree with Chuck that price is subjective. If you are more comfortable with this site, then the price is worth it. For me personally, I am very price-driven and would not spend the extra $$$ when there are so many people renting on the disboards for less. To each their own!

DisDaydreamer
01-08-2010, 06:54 PM
But what happens if DVC decides to cancel this reservation because they have decided the person who made the reservation was a commercial renter? Then you lose the points, give the money back to the non-member and you are out a bunch.

I'll find family or friends who want to go and gift them the reservation or charge a small amount.

Well now, Deb... That is a good question, and a scenario I had not thought of. I don't know what to think about that.

browniemtb
01-08-2010, 06:58 PM
Why not save a few bucks and use the DIS site. Most renters take paypal and in my eyes its not much different then going through someone else on-line.

ClarabelleCow
01-08-2010, 07:18 PM
I have also thought about renting out my points. But I would only consider doing a transfer of points. Can you transfer out points many times, or is the same as transfering in, just once? And can you transfer banked points?

Chuck S
01-08-2010, 07:20 PM
I have also thought about renting out my points. But I would only consider doing a transfer of points. Can you transfer out points many times, or is the same as transfering in, just once? And can you transfer banked points?

Banked points can not be transferred, but transferred points can be banked.

You are limited to ONE transfer, in or out, not both, per use year.

Sandisw
01-08-2010, 07:22 PM
I have also thought about renting out my points. But I would only consider doing a transfer of points. Can you transfer out points many times, or is the same as transfering in, just once? And can you transfer banked points?

Only once, in or out, during your UY. And, only current UY points can be transferred.

ClarabelleCow
01-08-2010, 09:08 PM
Thanks - good to know!!

CarolMN
01-09-2010, 09:54 AM
Well now, Deb... That is a good question, and a scenario I had not thought of. I don't know what to think about that.Well, I think it is extremely unlikely - just slightly more likely than me winning the lottery when I don't buy a ticket. :rotfl2::rotfl2:

Chuck S
01-09-2010, 10:03 AM
Well, I think it is extremely unlikely - just slightly more likely than me winning the lottery when I don't buy a ticket. :rotfl2::rotfl2:

Sounds like an email I got from a Nigerian Prince.

ShellyLynn3630
01-09-2010, 10:12 AM
But what happens if DVC decides to cancel this reservation because they have decided the person who made the reservation was a commercial renter? Then you lose the points, give the money back to the non-member and you are out a bunch.

I'll find family or friends who want to go and gift them the reservation or charge a small amount.

Ok, I know who we are talking about here, but is being a commercial renter against DVC rules or something? He has some great last minute deals for those who can go last minute, usually at SSR or OKW only.

wildernessDad
01-09-2010, 10:29 AM
Ok, I know who we are talking about here, but is being a commercial renter against DVC rules or something? He has some great last minute deals for those who can go last minute, usually at SSR or OKW only.

Being a commercial renter is against DVC rules. They are also taking aim at those who become associates in order to rent out your points.

sweetdana
01-09-2010, 12:36 PM
I bought a 160 point contract, to start. I was going to add points, but I love renting. I have rented 3 times, and 2 more in Jan/Feb. at 8 and 9$ a point. I pay paypal, and it has always worked out. I am not sure if what I would do if it didnt, paypal would supports you with email proof. Use email to get a confirmation of everything in writing.. IE 3 nights pref room BWV. 01-22 through 01-25. 48 points, at 8$ per point. Pay full amount up front at proof to be mailed by 01-15-10. Then if it didn't you could come eaisily get funds back from pay pay, and sue in small claims court for the hotel you rent when you are there. You can check a day or 2 ahead to confirm everything is still sall set by checking on your magical express. I wouldnt pay extra to use this service, but I would make sure I felt good with renter by phone call, and all the other proof. good luck!

ShellyLynn3630
01-09-2010, 12:49 PM
Being a commercial renter is against DVC rules. They are also taking aim at those who become associates in order to rent out your points.

Well does Disney know about this website and such? How do they know when he secures a ressie? What does it mean to become an associate in order to rent out your points?

Chuck S
01-09-2010, 12:59 PM
Well does Disney know about this website and such? How do they know when he secures a ressie? What does it mean to become an associate in order to rent out your points?

An Associate is a person that a member adds to their DVC account. An associate may make reservations, borrow points, cancel reservations, bank points, and I think, transfer points. But, they can not "sell" the contract and they are not financially resposible for the contract.

Basically they are a "points manager" for your account.

A new DVC policy limits the number of memberships onto which any particular individual may be added as an assosiate to four.

ShellyLynn3630
01-09-2010, 04:14 PM
An Associate is a person that a member adds to their DVC account. An associate may make reservations, borrow points, cancel reservations, bank points, and I think, transfer points. But, they can not "sell" the contract and they are not financially resposible for the contract.

Basically they are a "points manager" for your account.

A new DVC policy limits the number of memberships onto which any particular individual may be added as an assosiate to four.

Oh, so this dude:laughing: on the net has been added to everyones DVC accounts that want to rent out thier points on his website.

disneynutz
01-09-2010, 08:02 PM
Oh, so this dude:laughing: on the net has been added to everyones DVC accounts that want to rent out thier points on his website.

That's about it. Many Members don't want to vacation at Disney every year and they don't want the hassle of renting their points. The Dude and others provided a service while making some money.

Many will tell you that you don't take money from the Mouse.

Disney expects Members to forfeit a certain number of points each year and people like the Dude might change the number of points forfeited. As previously posted Disney put a stop to it by limiting the number of accounts that a person can be an Associate on.

Just another example that Disney may not value it's DVC Members as much as we would like to think. :sad2:

:) Bill

ShellyLynn3630
01-09-2010, 08:28 PM
But his website is still up and running, right? I mean he has to be an associate on numerous DVC accounts to still be in business. Sorry for all the questions, but I do find this so interesting. And why does Diseny exspect for some members to forfiet some of their points each year?

Chuck S
01-09-2010, 08:58 PM
But his website is still up and running, right? I mean he has to be an associate on numerous DVC accounts to still be in business. Sorry for all the questions, but I do find this so interesting. And why does Diseny exspect for some members to forfiet some of their points each year?

There is no reason for Disney to expect that some members will forfeit points. If the owners were savvy enough to buyh, they should not have purchased more points than they can use by banking/borrrowing.

However, there are always some points that will go to waste, whether because the owner has passed away and the contract is tied up in court, or because of a diverce, or simply a careless owner who forgot to bank. That is simply normal.

There is little direct benefit to Disney if an owner lets points expire. Sure, they may get an extra room to rent, but in todays market, with slower than average cash rentals, that is hardly a plus.

disneynutz
01-09-2010, 09:54 PM
There is no reason for Disney to expect that some members will forfeit points. If the owners were savvy enough to buyh, they should not have purchased more points than they can use by banking/borrrowing.

However, there are always some points that will go to waste, whether because the owner has passed away and the contract is tied up in court, or because of a diverce, or simply a careless owner who forgot to bank. That is simply normal.

There is little direct benefit to Disney if an owner lets points expire. Sure, they may get an extra room to rent, but in todays market, with slower than average cash rentals, that is hardly a plus.

I think that it happens more then we would expect.

We have met numerous Members over the years who for one reason or the other, hold on to their memberships, but don't vacation every year. They think that banking and renting are a hassle so they forfeit their points.

Disney still gets their dues, but doesn't have to provide the room, electricity, or Mousekeepers. It may seem like a small thing, but I am sure that Disney tracks forfeitures on some report.

:) Bill

CarolMN
01-10-2010, 08:53 AM
I thick that it happens more then we would expect.

We have met numerous Members over the years who for one reason or the other, hold on to their memberships, but don't vacation every year. They think that banking and renting are a hassle so they forfeit their points.

Disney still gets their dues, but doesn't have to provide the room, electricity, or Mousekeepers. It may seem like a small thing, but I am sure that Disney tracks forfeitures on some report.

:) BillI pretty much agree with you.

Some of the forfeited points probably end up as breakage inventory and if those rooms are reserved for cash, the members get the proceeds as a credit towards cash.

disneynutz
01-10-2010, 02:57 PM
I pretty much agree with you.

Some of the forfeited points probably end up as breakage inventory and if those rooms are reserved for cash, the members get the proceeds as a credit towards cash.

How much do we get and how much does Disney keep? Sure would be interesting to know.

I have made inquires such as this to Disney in the past, but I was told that the information wasn't readily available or that they needed clearance from legal which never came. I wonder what they are hiding?

:) Bill

CarolMN
01-10-2010, 05:46 PM
How much do we get and how much does Disney keep? Sure would be interesting to know.

I have made inquires such as this to Disney in the past, but I was told that the information wasn't readily available or that they needed clearance from legal which never came. I wonder what they are hiding?

:) BillI think of Disney's cut as a commission for finding a customer and taking care of the rental details. IMO, it's a pretty significant amount, maybe as much as 40%.

Just guessing of course, since I have no data. Basing the guess on the amount of points it takes to stay at one of the non-DVC WDW resorts. Looks like DVC usually has to rent more than one DVC night to pay for one non-DVC resort stay. That has to be the main reason it costs more points to trade out than to stay at a DVC resort.

I thought maybe the points to trade would go down some once the $95 fee was instituted for practically everything non-DVC, but that didn't seem to happen either. So I think their cut is a lot.

Not sure I care personally, since I don't trade out and do not value the option to do so at the current exchange rates.