What Is OmniBazaar?
Click each tab below to learn more about our system.
What Does OmniBazaar Do?
OmniBazaar allows users to buy, sell, and trade products locally or even across international borders. No banks, no cash, and no credit cards are required; simply join, make an account, and pay with whatever checkout method you prefer. It’s the perfect opportunity to ‘barter for Bitcoin!’
How Much Does OmniBazaar Cost?
Just your time. By default, we don’t charge a cent for our services. Individuals and small businesses can transact among themselves using a free version of the OmniBazaar software to list and shop for products and services. Users pay no fees to join the marketplace, no fees to shop or to post listings, and no monthly or annual membership fees. Instead, sellers can pay a small fee (~1%) on each transaction to support the marketplace network.
While not required, we do offer users the option to boost their listings with percentage rates; these optional fees not only help you reach more prospective buyers, but also help fund the program!
What is OmniCoin?
OmniCoin is the digital currency of the OmniBazaar marketplace. People can use cash, credit, crypto, or OmniCoins to buy and sell goods and services in the OmniBazaar marketplace. The value of OmniCoins “float” freely compared to other currencies, with the value of OmniCoins being based on the value of the goods and services they can buy in the marketplace.
OmniCoin is simple and secure to use. It is privacy-friendly, because it allows users to choose to conduct transactions that are either transparent or anonymous. Transaction processing takes seconds instead of minutes, making OmniCoin business-friendly. Transaction processing uses relatively little computing power, leaving OmniCoin eco-friendly. And, with OmniCoin, you can do transactions using an account name instead of a string of numbers. This makes OmniCoin user-friendly.
Please feel free to read more here.
What is CryptoBazaar?
Targeted for release in 2025, CryptoBazaar is a peer-to-peer module designed to trade cryptocurrencies. With it, you can Barter for Bitcoin™ and swap as easily as cash to a friend.
Most crypto trading platforms have a central hub, CryptoBazaar’s decentralized trading exchange will allow greater security and few points of risk. Swap safer today!
What Is a Decentralized Platform, And Why Want One?
A decentralized platform is one in which there’s no central hub or authority. Traditionally, every transactions occurs through a middleman; we’ve cut him out.
Now, your profits are your own. Most of our services are offered at zero cost, with our largest possible transaction fee at 2%. That’s 7x lower than competitors. Plus, with our system being decentralized, we’re at drastically lower risk for hackers, DDoS, server errors, etc.
You’re not bound by a marketplace; you’re part of it!
Is It Safe?
Absolutely! All transactions have the option of an escrow, meaning an agreed upon third party will ensure all trades are delivered as promised. Likewise, our entire marketplace is kept safe via community policing, meaning illegal products are kept offline and malicious individuals are barred entry.
You can trust that your payments will be handled with care.
How Is User Data Handled?
It isn’t! What makes us unique is we don’t track your data like traditional marketplaces. All transactions are private between buyer and seller.
Traditionally, digital marketplaces earn money by harvesting and collecting your data before selling you to the highest bidder. OmniBazaar monetizes instead with optional transaction charges where you can promote your own listing (thus reaching a wider audience) and let us collect a small percent.
How Long Has OmniBazaar Been Around?
OmniBazaar was founded in 2013. Since, we’ve developed and optimized a Web2 digital marketplace and are polishing out an upgrade for Web3. Between this decade or so of operation, we’re slowly changing the peer-to-peer landscape.
How Can I Get Involved?
We’re glad you asked!
There are a few ways you can help support this project (and even earn some cash along the way). Please read over this page for more info.
And, of course: Follow us on all your favorite Socials! Tell your friends!
Seller Specific
How Can I Promote My Listings?
There are a few ways we recommend.
- Offer a percentage to boost
- Within the marketplace, you can offer us a percentage of your sale and we’ll boost your listing. For instance, if you’re selling a laptop in Detroit, Michigan, you can gift us 1% of your incoming revenue and received top-of-the-results placement. In other words: whenever someone in your locale searches “Laptops”, they’ll see yours first!
- The best part? Doing this helps support OmniBazaar’s development!
- Share links on social media
- Sharing your store/ listings on social media can help drive traffic. The more eyes: the more sales.
- Maintain a great reputation in the OmniBazaar ecosystem
- My getting involved in requests and community forums, you’ll be better integrated into the larger ecosystem. That’s more exposure of your shop and, equally, more trust in your brand!
What’s the Fastest Way to Populate My Store?
If you’re coming in from a different platform, OmniBazaar (fingers crossed) will offer a tool to copy images and information over from other places. While this tool is still in active development, it will allow you to quickly port any number of listings from your other platforms.
Looking to sell on OmniBazaar and Etsy, for instance? That’s fine! Just use your existing Etsy listings in our tool and it’ll port them over.
Beyond that: just take some time to learn the system and you’ll quickly find a rhythm. Feel free to share creative resources to speed up this process to CMO@OmniBazaar.com.
A Buyer is Being Difficult. What Do I Do?
It’s your decision who you sell to and how. While not required, we recommend using an escrow agent for your more expensive sales as this protects buyers and sellers. Likewise, you can review ratings for each user and decide from there.
I Need Help. Where Else Can I Go?
If an issue wasn’t covered here, please try our community forums. These are a user-centric hub of information and resources freely shared between members. While not everything is on there, there’s a likely chance your question has come up before. If not: post a thread!
Likewise, you’re free to reach out to us at CMO@OmniBazaar.com to get this FAQ updated.