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I got HD800S and don't have much interest in this drop. However; MD has done something pretty ingenious. if sennheiser does work like proper manufacturing company of goods; I highly doubt they expect money in before production. Normally, manufacturing companies receive order; make them; invoice the other party when they ship. I could understand otherwise if it was some small boutique company, but not likely with Sennheiser. MD can make pretty good extra money if they put it into six month bond just to be conservative. Very astute
Except Massdrop doesn't actually process the transaction until the item you purchased is shipped. All they do is pre authorize the charge to make sure the funds are available.
They've stated in the description that we will be charged when the drop is finalized, not shipped. This will give Sennheiser time to manufacture the items. It is possible this will help with problems I heard many had with the last drop.
Except that no credit card will allow a company to have a authorization hold last that long. They will need to pull the money out after a few weeks.
That can be the case. But i have another theory.
Maybe MD went to Senn with this idea to make x no. of cans, but Senn execs say no way, lemme see the money first?
just my observation, but the whole concept of charging after the drop ends was due to the fact that they have to put in the order that are already made. So it makes sense they have to collect money to pay the vendor soon after the drop to pay for the product to ship to MD for all other items. In the case of the drop, it is a little different. They have to request X number of products and no company will pay in advance in good faith before the product is ready For shipment. If all manufacturers worked like that; there will be no need for loans like work-in capital from banks. I am not talking bad on MD; i commend them for being able to run this type of business.
Actually MD takes the money when the drop ends, well before it ships. This is not a traditional internet store, this is a group-buy site.
This is wrong, obviously you've never done a drop before. Massdrop charges as soon as the drop completes, in this case in a day.