Sharing passwords has always been a thing with subscription services, but one company hopes to expand that by connecting people around the world.
Gowd is a new website dedicated to sharing your subscription accounts with random people to try and get some of the money you spend back.
You can list these subscriptions on the Gowd website to sell access to your accounts for a fraction of their overall costs. The idea is that you continue to use the account while giving access to someone else and recouping some of your costs.
Conversely, if you’re looking to sign up for a subscription, like Netflix or Walmart+, you can head to Gowd and look for a discount. You will pay a fraction of the original cost to purchase access to another user’s account.
On top of that, there is little to no commitment when taking out a subscription on Gowd.
The company’s CEO, Vivek Shaw, told us that “unlike traditional subscription services, we don’t have any contracts. Buyers and Sellers can cancel at any time without any reason.
Gowd already has listings for tons of different subscription types. There are options that let you access a VPN subscription for less than $2 a month and streaming services like Netflix for less than half the price.
You can even share a subscription to your favorite adult website with internet strangers on Gowd. What a time to live.
But what do subscription services think about account sharing?
At a basic level, this seems like a really neat service. People spend tons of money these days on subscription services and only use a fraction of it.
Why not have a platform that allows you to share this subscription and get some of your money back?
But Gowd takes money directly from the company’s pockets. Each person who shares their account on Gowd is another sale that the originating company potentially loses.
In fact, most platforms have a clause in their terms of service that prohibits users from sharing their accounts with others.
A recent article by The Washington Post confirms that the majority of streaming subscription services prohibit sharing your account with anyone other than family. And many of them don’t allow you to share with anyone outside of your household.
However, the penalties for this are usually quite light. There hasn’t been much evidence that any streaming service has taken legal action against users who share their accounts.
But this is a large-scale subscription sharing that pays off in Gowd. It’s an entirely different story and one that most companies probably won’t be too happy to hear.
Asked about it, Gowd CEO Vivek Shaw said Protocol that subscription services rules are essentially not Gowd’s problem.
“We rely on our vendors’ knowledge of the listed account’s limitations and restrictions, including the ability to sublicense or resell another’s services, prior to posting,” Shaw said.
When we asked Shaw what other companies thought of Gowd, it was more or less the same. “We cannot speak on behalf of third-party companies,” was the only response we were given.
Gowd certainly seems like a good way to share some of those subscription expenses we’ve all accrued.
But if it takes money out of other companies’ pockets, the platform could end up in hot water. We’ll be keeping an eye on Gowd to see how things go in the future.
Do you have any thoughts on this? Report the discussion to our Twitter or facebook.