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Welcome to the FairPay Web site.

This page is to provide general background on the FairPay concept for buyers of products and services.
 

Customers  -- Pay only what seems fair to you:

  • Pay what you want for products or services -- after you try them

  • Make every purchase on a trial basis--so you can always be sure to get fair value for your money

  • Agree to set your price fairly--in your judgment--and explain why you think it is fair

  • Do that as long as you can convince the seller that you are being fair

FairPay is a radically new approach to pricing for the 21st Century.  It is especially well suited to digital content, products and services
 
home
Special Notes and FAQ for ennovent users

Ennovent is employing the FairPay pricing process, with assistance from Teleshuttle.  During early stages of this testing, some supplementary information specific to the ennovent trial is provided on this Teleshuttle site. 

  • If you are an ennovent user, please click the above link (or here). 
  • General information on FairPay is provided below, and elsewhere on this site.

  • FairPay is a participative pricing process that combines the high degree of user freedom of pay-what-you-want pricing with a new level of feedback, accountability, and seller control of future offers to make it fair to both buyers and sellers.

  • FairPay looks beyond individual transactions to work over the course of an ongoing buyer-seller relationship, and is generally used in combination with conventional pricing alternatives.

  • FairPay is based on an ongoing dialog about the fairness of value exchanged in each transaction to lead to a fair exchange, and to adapt to variations in value, and in opinions about value.

  • FairPay pricing is treated as a privilege.  Buyers who engage in fair cooperative behavior can find this process to be liberating, flexible, and highly productive -- and a natural form of communication and teamwork toward a common objective of win-win value exchange. 

  • Buyers who are judged by the seller to fail to set and explain prices in a responsible way may find that privilege revoked, and then be limited to a conventional fixed pricing relationship.  It is incumbent on buyers to give reasonable explanations for their pricing, especially when prices are set below suggested levels, and on sellers to give reasonable consideration to such explanations from buyers.

(The particulars of how FairPay processes work for a particular business will vary depending on the situation.)

The FairPay process is an entirely new way to conduct business, and can be expected to take some time and experimentation to fully develop and to find best practices. We customers will see the potential value of FairPay relationships to them, and will work with their sellers to try to jointly learn how to make FairPay processes work well for everyone.

Note:  The details of a seller's use of FairPay pricing are completely determined by the seller, so any questions or issues related to a particular seller's use of FairPay pricing should be directed to that seller.


The FairPay process was invented by Richard Reisman of Teleshuttle Corporation, and first made public in June, 2010.  Teleshuttle works with sellers and seller services to help them create FairPay offerings to their customers.

Feedback:

While Teleshuttle has no responsibility for how FairPay is applied by sellers, feedback on buyer experience with FairPay is welcome, so that we may learn from your experience and seek to improve understanding of FairPay processes, and to recommend best practices to sellers.   Teleshuttle serves as a resource for sellers, buyers, and support services to assist in implementing improved ways to do business that benefit both buyers and sellers.

Buyer feedback on general issues relating to FairPay may be sent to:  FPbuyers@teleshuttle.com.

For further background on FairPay concepts, please go the the FairPay home page, or to the links on the sidebar.

[Preliminary draft -- 7/12/11]

     

FairPay

Current information on FairPay
is now at FairPayZone.com:

    ●  Overview of FairPay

      Blog

      More details / Guide to selected posts

 

Harvard Business Review Blog
on FairPay Strategy
Presentation on FairPay
at MIT Enterprise Forum of NYC

...Slides and video now online
Press
HBR Blog on FairPay
Analyst on FairPay: "intriguingly powerful"

Blog:  The  FairPay Zone
...Current dialog and comments on FairPay and its applications

How Does FairPay Work?
Seeing the full power of FairPay, and how it works, takes a step outside conventional thinking.
...Please contact us for free consultation
...on how it can work for your business: fairpay@teleshuttle.com

Teleshuttle is working on a pro-bono basis with industry and academic partners on research, trials, and applications of FairPay.





Diagrams and process explanation
 
Why would anyone pay
if they do not have to?
...and other FAQs

The answer is simple:  Buyers who do not pay
will not get further offers
. ...more

The Long Tail of Pricing: 
...Capturing Added Revenue and Profit


...A blog post explains this:  T
he green area shows the revenue under standard pricing -- The red and amber areas show potential revenue that is lost under standard pricing, but can be realized with FairPay.

A New Twist on The Invisible Hand
 ...to span ongoing relationships

...A blog post explains this:  FaiPay turns the invisible hand on its side -- to optimize the balance of supply and demand in terms of prices over time, with respect to individual customers.

FairPay Application/Market Segments
...Overview of major market segments in which the FairPay revenue model is readily applicable

A Sample FairPay Offer
...Explaining an offer, plus some buyer FAQs

Resource Guide to Pricing
...Annotated links and references on Pricing, Pay What You Want, and other related background
 

The  FairPay Zone  Blog -- Selected posts
Interview on FairPay
FairPay (as introduced in 2010):
The Future of a Radical Pricing Process

...A fuller introduction, with examples
 
   

FairPay home - FairPayZone Blog - Reisman Bio - About Teleshuttle - Teleshuttle home

Copyright 2013, Teleshuttle Corp. All rights reserved.  Patent pending.