This Service Is Not Yet Available Although Ready For Deployment. We Are Currently Looking For Sellers Please Email [email protected] for more information
How It Works
We have essentially ripped of 3 services, but whats important is its the principles we use, its worth understanding how this works, because once you understand youll just sit there smiling as it sinks in.
MadBid/eBay
A Shopping Center
Escrow
Madbid / Ebay Concepts
eBay allows users to compete freely for a product with other buyers, and MadBid charge you to bit but allows you to win some real bargains. Well the concepts are sound, they are proven, what we do here though is flip it. We make it the sellers job to compete for your custom, and we do that by providing a Shopping Center, but you guessed it, we modify that too, more on that in a moment.
On MadBid you need to purchase a credits package, we take that exact concept, but we call them store credits, store credits are available as in
$1 - $2 - $5 - $10 - $20 - $50 - $100 Denominations
These credits are honored at face value, you need these credits to buy ANY Digial Currencys more on that in escrow, but our sellers are resricted to there same denominations, this will eliminate parial credits and store credit reissues, which in the long term would be database intensive.
Shopping Mall
In most shopping centers, you find hundreds of stores all competing against each other, so what if you change it up, what if each shop was dedicated to just 1 product, and the products inside compete for your money, afterall every supplier out there will want a diffrent price to sell, and of course right at the back of the store you buy the top grade expensive stuff, thats the sellers speculating the market prices will go up and sell with the long term in mind.
We dont allow our sellers to chop and change either, anything they advertise must be on the store for at least 24hours before being edited altered or deleted, this includes altering the price, this simple rule will generate the competition between others.
When you see an offer you like, and armed with your store credits, you pick want you want, fill our your details, include the payment address this is important, you will also be asked to provide your "Wallet Address" your wallet address is your responcibility and must use the right address for the right coins, you buy bitcoins you need a bitcoin wallet address. Sellers will recieve this address and ship to it. so take every precatution when submitting your wallet address
Escrow Style Service.
When you order from a seller lots of things happen all at once. Firstly we freeze the credit you used to pay with, next we store a copy of the order and details for dispute resolution, and the Store Seller will recieve instant email notification of a sale, now bacuse the order includes the BUYERS WALLET ADDRESS a seller will send the coins to the address contained in the order. Some sellers may choose to send a small test ammount first and the primary ammount when you confirm the test ammount has been delivered.
Once the seller has sent the coins, they will send us the TXID of the payments they sent to the Buyer, we will verify these payments against the address the BUYER submitted and the Order, if it all gets confirmed a the sellers payment is credited to his or her account immediatly, and withdraws are processed once per day as PayPay Payments, Bank Transfers and Mony Gram/Western Union
Sellers
You will need to verify yourself with use this involves submitting your ID, and will require a VERIFIED PAYPAL Account if PayPal is the option, in addition your ID is required for Cash payments via western union or money gram etc.
Sellers are subject to a %1 fee on all sales, this fee pays for the hosting, the running and maintenance of the site, as well as the banking fees
Purchase Store Credits
Store Credits can be purchased https://www.livechains.net/www/purchase-store-credits here at present, as the website progresses and systems are thoroughly tested we will move them into the store and the system will become fully automated.
Visit LIVECHAINS.NET for more information and to apply >> The store will open for traiding when we have sufficent sellers and products available on the store
I Will do my best to answer any questions you may have here
Topic: [BETA] Seller Application Phase - LiveChains Crypto Store[BETA] (Read 586 times)
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