Pagina Dos

Mexico's marketplace for used books

Text books are incredibly expensive—even more so when you're on a student budget—and to make matters worse, you only use them for one term and then they go back to your bookcase. TeRento.mx allows students to put their textbooks on rent for other students to use, saving renters 70% and earning book owners a return on their investment. Since we launched in early August, our online catalog has grown to over 240 textbooks from over 45 users, proving students are comfortable making their books available to others at a lower price than they would get reselling them. They monetize the platform by charging a 5.94% commission off of each book's commercial value when they're rented (which works out to 22% of the total transaction) plus 3% of the book's total value for insurance. Thus, students renting books pay only 30% of their commercial value, and owners earn 21.06% of the book's commercial value per rental.