What's New at Lumo: February Roundup
Hey everyone,
We've been heads-down shipping features this month, and I wanted to take a minute to share what's new on Lumo. No fluff—just the stuff we think makes the platform genuinely better for buyers and sellers.
We dropped commissions to 10%
Let's start with the big one. We cut our commission rate to 10% across the board. Most platforms take 15-30%, and honestly, we think that's too much. Our bet is simple: lower fees mean more transactions, which means a healthier marketplace for everyone. You keep more of what you earn, and we grow by actually being useful. Win-win.
Escrow just got smarter
We've always held payments in escrow to protect both sides of a transaction, but we added 24-hour auto-release this month. Here's how it works: funds release automatically to the seller 24 hours after delivery unless the buyer opens a dispute. No more waiting around for someone to manually confirm. It's faster, cleaner, and way less annoying for sellers who deliver what they promised.
Same-day delivery from *anyone*
This one's been in testing for a while, and it's finally live. You can now request same-day delivery from any retailer, restaurant, or individual seller on Lumo. Need something from that boutique across town? A meal from your favorite spot that doesn't do delivery? Someone to pick up an item you bought on another platform? We've got you covered. It's flexible, fast, and honestly kind of what we should've built from day one.
Stripe payouts = money in your bank faster
We integrated Stripe for seller payouts, which means you can now get your earnings deposited directly to your bank account. No third-party wallets, no extra steps. Just straightforward transfers that hit your account in 1-2 business days. Small change, big relief.
Real estate and autos marketplaces are here
We launched two new verticals: real estate and autos. List your apartment, sell your car, or browse what's available in your area. Same escrow protections, same low fees, same platform you're already using for everything else. We're not trying to reinvent Zillow or AutoTrader—we're just adding these categories because they fit naturally into what Lumo already does well: safe, simple, local transactions.
AI ad studio (beta)
Okay, this one's still rough around the edges, but we're excited about it. Our new AI-powered ad studio helps sellers create better listings in about 30 seconds. Upload a photo, describe what you're selling, and the tool writes copy, suggests pricing, and generates additional images if you need them. It's in beta, so expect some weird outputs, but early feedback has been encouraging. We'll keep refining it.
What's next
We're working on in-app chat (finally), better search filters, and a referral program that actually rewards both sides. We're also exploring subscription tiers for power sellers, but that's still in early thinking.
As always, if something's broken or you have an idea we should steal, hit us up. We read every message, and a surprising number of features started as "hey, wouldn't it be cool if..." emails from users like you.
Thanks for building this with us.
—The Lumo Team
P.S. If you haven't checked out the platform in a while, now's a good time. Head over to Lumo and see what's changed—or better yet, list something and keep 90% of what you make.