How McPond Works?
Created by Rigved Raut at Mar 7, 2020, 4:06 AM

Some of you may find yourselves in a situation where either you have machines sitting idle collecting dust in between jobs or maybe you have contracts and workloads but no equipment or space to get the job done. McPond can solve both issues.

If you are lacking in machines to do a job, you can use McPond to gain access to the equipment you need. It's also great passive income/additional revenue if you have idle machines just sitting around.

It's a platform that benefits the entire manufacturing industry - to have this kind of symbiotic relationship between machine owner and company. The vision is to stimulate industry-wide growth with the concept of peer-to-peer machine sharing which brings in new opportunity for everyone in the industry.

The way McPond works is a simple process from A to Z.

First, for owners, it doesn't cost anything to list the equipment and machines can be listed from any location.

A machine renter who has a job coming up, can easily browse the website and find and book the machine he or she needs for a particular project. At that point, the renter will then be able to send a message to the owner and discuss all requirements (and whatever part details needs to be manufactured) with the machine owner.

There is a mandatory message field during booking because the initial conversation between renter and owner is an essential part of the process. We strongly suggest that scope, timeline, raw material, shipping, programming, job set-up, tooling, measuring instruments, factory capabilities or any other auxiliary services - if required - be discussed with the machine owner prior to acceptance of the job. This enables them to assist in best possible way and keep clear lines of communication.

Based on the discussion and once the scope of job is finalized, machine renter makes payment to McPond. Once payment is received from the machine renter - authorizes the job and sends notification to machine owner to proceed with the job and put machine to use for that job. Once the job gets completed payment is released to the machine owner.

Further, the machine owner will provide a qualified operator to assist with the job and operate the machine. The machine will always be operated by the machine owners qualified operator. Again, McPond was created to inspire manufacturing by providing access to machines and opportunity.

Machine Renters should never attempt to pay machine owners outside of the McPond platform. Paying and communicating through McPond helps ensure that you're protected under our Terms of Service, Payments, cancellation and refund policies and other safeguards. Paying or communicating outside of McPond also makes it harder for us to protect personal information and puts the customer at greater risk of fraud and other security issues, such as phishing. These benefits and safeguards can only be provided if the machine is booked and paid for directly through the McPond platform. If a Machine owner asks to pay outside of the McPond, McPond should be contacted immediately by emailing or calling +1 (312) 761-4490 to report any such activity.

Lastly, at anytime during the booking or once the booking has ended, Machine owners and Machine renters can leave feedback on their experience and rate one another. This rating system serves to build a sense of trust and accountability.

McPond is setting out to the change the tapestry of manufacturing in this 4th Industrial Revolution. By providing easy access to equipment to renters, McPond looks to providing a boost to industry and the future of manufacturing.

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