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Upon acceptance, this disclosure serves as a receipt of your Ownership in Loconomics Cooperative, Inc., a California cooperative corporation. A copy of our articles and bylaws can be found here or furnished, without charge, to Owners or prospective Owners by a written request mailed to:
Loconomics Cooperative, Inc.
3150 18th Street, Suite 438
San Francisco, CA 94110
Transfer of Ownership
An Ownership Interest is personal to an Owner. No Owner may transfer her or his Ownership Interest, and except as otherwise provided, no Owner may transfer any right arising from Ownership Interest. Except as otherwise provided, any attempted assignment or transfer of an Ownership Interest shall be void, and will not confer rights on the intended assignee or transferee.
Requirements of Ownership
To become an Owner of Loconomics, a Service Professional must do each of the following:
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Payments from clients who schedule you through your listing go directly into your bank account or to Venmo. There's a small transaction fee of 2.9% plus $0.30.
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If you choose not to enter your bank information, a Venmo account will be created and linked to your email. You will then have to set up your Venmo account to release payments. We do not recommend this option as it requires you to cash out every time you get a payment.
Loconomics Cooperative, Inc. (Loconomics) uses Braintree, a division of PayPal, Inc. (Braintree) for payment processing services. By using the Braintree payment processing services you agree to the Braintree Payment Services Agreement available at https://www.braintreepayments.com/legal/payment-services-agreement, and the applicable bank agreement available at https://www.braintreepayments.com/legal/bank-agreement. If you have questions regarding the agreements, please contact Braintree at 877.434.2894.
Payments from clients who book you through the marketplace go directly into your bank account or to Venmo. There's a small transaction fee of 2.9% plus $0.30.
Clients are more apt to schedule you if they know when you're generally free.