Frequently Asked Questions
Rental Process
We accept various payment methods including credit cards, digital wallets, and cash for your convenience.
Payment Options
Our rental process is straightforward, allowing you to easily reserve your e-bike online for the desired time slot.
Bike Maintenance
Our team regularly checks and maintains the bikes to ensure they are safe and in excellent working condition.
Returns Policy
We offer a flexible returns policy, allowing you to return the bike earlier or later depending on your needs.
Your Joint Venture FAQ's
1) Can I finance the purchase of my Royalty Units in a Joint Venture Ownership Pool? Yes, but not currently from ReeBike directly. You would need to arrange private financing based on your personal credit score. However, we can provide a letter to your lender that authorizes us to assign your royalty payments to your loan or line of credit until the debt has been paid in full. This may help in securing a third party investment loan. Although we don't encourage borrowing to invest in such ventures, the interest on investment loans is tax deductible so, under the right circumstances, it can make financial sense. Talk to your advisor to see if a such a strategy is right for you.
2) Can I assign my royalty payments to a charity or other cause? Yes, absolutely! As a community-funded joint venture project, we are entirely about giving back to the community that is serving the tourism industry. You would simply need to notify us which cause you wish to support. ReeBike would then need to have you provide an assignment of income form that authorizes payment of your royalties to your chosen charity or cause. You may choose any portion of your earnings from 1-100% to be redirected to a third-party until you withdraw your assignment in writing. Of course, you will be responsible for all taxes on the royalties earned and for requesting the tax receipt from the recipient.