The rcBay® Market
All of the Subscribers who’ve opted in to make a bidding offer to purchase a research chemical or any other product would have to first buy Our own native currency rcBTC in exchange for actual Bitcoin and could only make purchases to the subscribing Vendors on the marketplace with the rcBTC tokens.
Market platform
The Marketplace has two parts:
Pt. 1
Subscription Login;
For customers that we are used to dealing with. Their subscription is FREE the only payments they will ever have to make is towards whatever Bitcoin they are wanting to put towards exchanging for rcBTC in order to be able to pay for items offered by Vendors off of the menu once they are provided with a login and password to get into the services menu.
pt. 2
The Vendor login;
For Vendor accounts their login will also be FREE until they start making money with the account. Once they start to accrue money in their account, Vendors will have two options.
Option #1:
Allow rcBay to take a small percentage off of each completed sale that they make. This would be a 10% fee from each SUBTOTAL upon completion of the sale(s) or the final bid at the end of their scheduled auctions that they will be able to initiate. Auctions can be useful especially for rare chems or chems that they only have so much left of. Like if they’re low on stock. It then becomes a TICKET ITEM meaning it holds more value than each vendor may have initially realized. This when you will want to place your items into an Auction on the Marketplace.
Option #2:
Or they will agree to start paying either a monthly or annual subscription fee. This can be relatively small in terms of having to pay for an overall cost from a service that they begin generating REAL $ COIN from. Annual subscription fees are $120.00 and monthly subscription fees are $39.99.
Rules (terms and conditions) in basic terminology:
Vendor-side RULES:
A vendor will not have access to their $ until the package gets dropped off at the courier, a tracking number has been bought/paid for and that package begins moving through the network in its direct destination. If a package gets seized, their money will STILL be released to their account BUT they will have to send out a 2nd pack to make up for the first one.
However if the second pack gets seized also, the customer will take the loss. And at absolute zero consequence to the vendors account.
Customer-side RULES:
Customer accounts will be transparent in terms of showing how much $ they have put up to be able to buy things from Vendor accounts. This helps the vendors in a way. For instance customer accounts are able to send messages to vendor accounts. BUT, a lot of times customers are asking for free samples promising to be a big buyer if they get their first package. This way vendors will clearly see exactly how much COIN they are putting in the account that they have to make purchases with. So, they can not be lied to.
Customer accounts will be able to flag vendors for unbusiness like conduct. And, in the same way TrustPilot works with a Star system will Our platform be able to work. So customers can see what kind of vendors also may not always be telling the truth about what they have or the quality of what they have to offer.
Vendor accounts will NOT be transparent.
No customer needs to know how much COIN each vendor makes that is entirely not anyone’s business but the vendors’ his or herself.
Vendor accounts can also flag a Customers Account. If a customer threatens a vendor or constantly bothers a vendor who has always been forthright and honest with their business to him.
For a Customer account the Star system will work in the opposite way of a Vendors’ account works with the Star system. For example if a customer gets flagged for abusive behavior towards the Vendor he or she will have negative points in their direction which creates RED 🚫 ❌❗ warning symbols.
If a Vendor fails to send out a pack to his/her customer, he or she will be warned and given a 10 day notice to either complete the drop off and deliver a tracking number by email to the customer first and rcBay second.
OR to refund the amount they paid in BTC currency decimals not theirs or yours native currency. The money would be deposited back into the Customers rcBTC wallet on the Our platform. IF the vendor fails to do either of these two things he or she or they will be PERMANENTLY removed from the rcBay® platform and escrow service/marketplace and any money that they have left on their wallet will be delivered back to them within 1-3 business days and any money they have put towards the subscription will be dropped into their rcBTC wallet and returned with their winnings
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