goryakon
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October 19, 2017, 02:09:03 PM |
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BCShop.io allows vendors to publish information about digital products and services, and customers – to purchase these products and services for Ethereum cryptocurrency. At that, all the data concerning products is stored as a smart contract on the Ethereum blockchain.
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goryakon
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October 19, 2017, 02:19:16 PM |
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Use of smart contracts allows for automatization of payment processing and accountof products. In the simplest cases, creating a digital product offer is done with only a few clicks and does not require vendors to install any software.
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goryakon
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October 19, 2017, 02:31:54 PM |
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Purchasing digital products is a simple process too. Buyers make all payments in the Ethereum blockchain`s native currency – ETH.
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goryakon
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October 19, 2017, 02:59:14 PM |
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Creating sale offers, as well as buying products is done with the use of software, based on MyEtherWallet – one of the most popular Ethereum online wallets. That allows the service to be used on both desktops and mobile devices.
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goryakon
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October 19, 2017, 03:13:17 PM |
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BCShop.io is marketed as a solution for C2C (client to client), and for B2C (business to client). BCShop.io offers its business clients free development of integration solutions.
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goryakon
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October 19, 2017, 03:28:44 PM |
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Our main competitive advantages: • low fees • no required conversion of funds during transactions • fast transactions • decentralized data storage • free integration with operating businesses • user friendly and convenient service for customers and for vendors. • Products rating system
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goryakon
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October 19, 2017, 03:51:17 PM |
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An average fee that sellers have to pay for each received online payment today is about 3.5%, while selling fees for some online payment systems exceed 5-10%. These figures are especially high for some business spheres like those of gambling or sports betting. More than that, users usually should pay a fee for transferring money out from the payment system to the bank account. Besides, payment systems charge additional money back fees, may charge inactive account fees, cross-border transaction fees, annual (monthly) fees, etc.
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goryakon
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October 19, 2017, 04:08:47 PM |
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BCShop.io fees do not exceed 2% for all our partners, and it is just 0.5% for major partners. In addition, BCShop.io does not have any extra hidden fees and, more than that, implements integration and further support according to our partners` requests for free.
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goryakon
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October 19, 2017, 04:23:48 PM |
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How are we able to offer such good conditions? There are a few reasons: 1. As we use blockchain, we do not need our own data centers, we do not have to cover the costs of maintaining data integrity and protecting data from hackers. 2. Cost of making a transaction and creating a product / service offer in Ethereum cryptocurrency is just a few cents. 3. BCShop.io business model does not involve gaining profits by the company itself. All gathered fees are aggregated to a specially created smart contract and are weekly distributed between token holders. This approach allows the company organizational activity costs to remain as low as possible. 4. Use of smart contracts makes it possible to achieve maximum formalization of a seller`s product/service offer, automate delivery processes in general and money back function in particular, with no extra fees.
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goryakon
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October 19, 2017, 04:34:09 PM |
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Quite often a buyer cannot purchase a product in the seller`s currency. In this case, a purchase is made through automatic conversion; whether at the rate estimated by the payment system or at the processing operator (Visa/ Mastercard) rate (if the buyer pays with a credit card). A regular fee charged is no less than 1%. In some cases, users face double conversion, and then they must pay even more fees.
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goryakon
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October 19, 2017, 04:48:03 PM |
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Speaking of other projects, there are companies that have recently finished a successful ICO, and they are aimed at receiving payments in their own currency units (tokens). However, their users have to exchange basic Ethereum currency to particular tokens before they are able to use the project services. This exchange is also associated with paying fees, which means additional time is spent by the user.
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goryakon
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October 19, 2017, 04:56:23 PM |
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BCShop.io solves the problem of conversion fees by avoiding using its own currency and instead, maintaining all transactions in “native” Ethereum currency. That being said, by working with our service users will save time and money.
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goryakon
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October 19, 2017, 05:06:59 PM |
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Sometimes buyers need to send payments by means of bank transfer. In this case ,time necessary to complete a transaction may take up to a few business days; especially with international transfers, and that is extremely inconvenient for the user.
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goryakon
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October 19, 2017, 05:17:09 PM |
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All BCShop.io transactions are performed by using the Ethereum blockchain. With it, an average transaction completion time is just a few minutes, regardless of the sender and recipient location.
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goryakon
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October 19, 2017, 05:29:38 PM |
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When traditional payment methods are used, there is no possibility to integrate automatic processing for every payment. Vendors usually have to arrange this processing additionally, at the stage of issuing invoices or/and after the payment is received. Frequently part of the functions is implemented with the help of online stores or other ready solutions. However, that requires spending extra time and money.
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goryakon
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October 19, 2017, 05:43:14 PM |
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BCShop.io arranges a product/service to be delivered as a smart contract which already includes controlling most of the necessary features: account of the product volume for sale, ability to establish money back timeline with automated free processing, and ability of wholesale opportunities.
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goryakon
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October 19, 2017, 05:54:21 PM |
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And the whole process of sale is done on blockchain, without any need for vendors to have their own server! The ability of fractional (not per-item) sale is worth mentioning too: in this case the amount of product is defined by the payment amount. This approach is convenient in many niches, for example, selling premium game currency.
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goryakon
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October 19, 2017, 05:59:25 PM |
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BCShop.io offers its users the chance to keep up with the times, broaden the range of potential customers with cryptocurrency holders. Our service is not a just another payment gate, but a fully-featured solution for the future economy based on blockchain.
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goryakon
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October 19, 2017, 06:06:30 PM |
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Moreover, upon request, BCShop.io implements integration with external, out-of-blockchain world for interrelation with other sale channels, and for implementing other required features for its vendors.
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goryakon
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October 19, 2017, 06:13:06 PM |
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Quite often customers do not have an opportunity to rate products purchased or view other customers` product ratings and sellers` performance. Sometimes this problem is solved with the help of third-party services, or vendors themselves install extra features. None of these approaches guarantee authenticity of the data seen by the customer.
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