Eliminating the Middlemen and Bankers from E-commerce

E-commerce could be quite a bit less expensive for users if we could just eliminate the middlemen.

Most e-commerce sites charge sellers 6 to 12 percent to list and sell products. Then the bankers add another 2 to 3 percent for credit card fees or other forms of payment processing. Combined, these can add as much as 15% to the cost of an e-commerce transaction.

Guess who ends up paying those fees, in the form of higher prices? (Hint: consumers.)

OmniBazaar is designed to eliminate the middlemen and the bankers. Buyers and sellers deal directly with each other, through a decentralized, cooperative, e-commerce network, and pay just 1 to 1.5% to help build and maintain the marketplace. Bankers, and their fees, are eliminated simply by using Bitcoin (or other cryptocurrencies) for payment. OmniBazaar can eliminate 90% of the overhead costs of buying and selling on the Internet.

Help build the world’s first cooperative, distributed, “un-banked”, digital marketplace. Tell your friends about OmniBazaar. Like us on Facebook, and follow us on LinkedIn and Twitter.

Eliminating the Middlemen and Bankers from E-commerce

E-commerce could be quite a bit less expensive for users if we could just eliminate the middlemen.

Most e-commerce sites charge sellers 6 to 12 percent to list and sell products. Then the bankers add another 2 to 3 percent for credit card fees or other forms of payment processing. Combined, these can add as much as 15% to the cost of an e-commerce transaction.

Guess who ends up paying those fees, in the form of higher prices? (Hint: consumers.)

OmniBazaar is designed to eliminate the middlemen and the bankers. Buyers and sellers deal directly with each other, through a decentralized, cooperative, e-commerce network, and pay just 1 to 1.5% to help build and maintain the marketplace. Bankers, and their fees, are eliminated simply by using Bitcoin (or other cryptocurrencies) for payment. OmniBazaar can eliminate 90% of the overhead costs of buying and selling on the Internet.

Help build the world’s first cooperative, distributed, “un-banked”, digital marketplace. Tell your friends about OmniBazaar. Like us on Facebook, and follow us on LinkedIn and Twitter.