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All profits from booksXYZ benefit schools nationwide, and 5% of
each sale goes to the school or college of the customer's choice (Find Your School).
The majority of profits from each sale return to the schools in the purchaser's local
area. All funds for education will be distributed and overseen by The
Acadiana Educational Endowment
(AEE) and its affiliate, The
American Public School Endowments,
(APSE), a 501(c)3 nonprofit organization.
booksXYZ is also an "open merchant" platform for listing books, comprising two novel
approaches to Internet bookselling and e-business. First, booklisters may sell
titles directly through booksXYZ in a manner similar to the eBay+PayPal
model. Alternatively, booklisters may list their titles through booksXYZ
to be sold elsewhere, free of charge. These two options will assist
booksXYZ in eventually becoming the single source for locating any book,
anywhere.
If booklisters choose to sell their titles through the website, booksXYZ
handles all credit card transactions, generates bills and invoices, tracks shipments,
maintains relations between booklisters and readers, and provides accounting records and
other business and financial support; booklisters are only responsible for packaging &
shipping their books. Five days after delivery, booklisters are reimbursed 85% of purchase
price, and all of the shipping charges.
Currently, booksXYZ lists over 1.4 million titles, and will expand that number
constantly, as it upgrades the content and functionality of its website.
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