eMarketChain - Sell & Buy Products That Pay 0% Commissions to Intermediaries

The steady increase of the ecommerce business shows that the online shopping experience has increased throughout the year. e-commerce companies spend millions of dollars researching and understanding how customer experience can be improved - from the number of clicks needed before purchase has been completed, to the overall background color and UI design of the online store. This type of researcher proved very successful.

Although this is no element in the online shopping experience that has not changed since the beginning of mass e-commerce adoption. This key element is payment. Every time a customer pays on an e-commerce website, about 15% of the price he pays is actually a different type of fee and commission, collected by all the different parties involved in the entire transaction process.

Before discussing the specific costs, it is important to know the number of parties actually involved in an online goods purchase scenario: Customer: In the beginning of the flow there are customers, people who want to transfer the value in money in return for goods; Traders / Business On the opposite side there is a business or individual trader - the party that offers the goods.

The Middleman: There is a relationship between the customer and the merchant - the market. Some of today's largest companies (such as Amazon and eBay) offer this as a service to both parties - creating an environment where merchants can register their offers, and customers can search and choose deals to buy.

It has now set three major entities in the usual workflow of ecommerce shopping scenarios - customers, merchants and marketplaces that connect them. However, beneath the surface, there are other parties involved who verify and execute the transaction process for each payment.

Groove: Usually the current when buying goods online is as follows - Customers fill out their online shopping cart with items they want to buy and proceed to "Checkout". After "Checkout", the customer enters the Payment Gateway (a mechanism that authorizes credit cards or direct payments for e-business and online retailers) and enters their credit card details.

The Payment Gateway passes the transaction information to the Payment Processor (the third party company appointed by the merchant to handle the payment process) from the bank that acquired the merchant. The payment processor forwards the transaction information received to the Card Association (Visa / MasterCard / American Express), which directs the transaction to the correct Card Issuer Bank.

The Card Publisher Bank receives the request, validates the credit or debit available and sends the response to the processor. The processor then passes the authorization response to the Payment Gateway. It received a response and forwarded it to the website. The acquiring bank makes a settlement request for the credit card issuer. The credit card issuer makes a payment to the acquired bank. And finally the acquiring bank then deposits the approved funds into the merchant's nominated account.

As you can see, in reality the number of parties involved in simple online purchases is much greater than what the customers see. And with all these parties, two major e-commerce issues arise - transaction costs and timing.

Cost: At the starting point there is a fee for validation and execution of the transaction. This is something that can not be avoided. The reason is that there is a third party involved. This is because the nature of the current payment works - it is necessary to validate that a transaction is actually possible. Each passing credit card information from one entity to another entity is associated with a small fee. Summing up all costs ends with an average of 3%. That means that 3% of the money customers spend on an item is lost during the transaction.

On top of that, the ecommerce market adds their own cost, usually between 10% and 15%. And if we add up the numbers, it turns out the average customer pays about 15% just for a fee. If a product is listed on $ 1000 in the market, $ 100- $ 150 of that amount will be spent only on cost. Мerchants may be charged extra if they register more than the number of items given per month. And more often than not, end customers do not even realize that a large number of their payments are not really involved in the value of the products or services they buy, but rather on commissions and fees.

Transaction Time: Another major issue of ecommerce is the transaction period. From the customer's perspective, once he entered his credit card details, he was ready. However, it is not as simple for merchants. Through the whole process of validation and transactions mentioned above can lead to waiting time of day, if not weeks. This can be very inconvenient, especially for small businesses that depend on the money they generate through the e-commerce market platform.

eMarketChain is an e-commerce market where anyone can buy and sell a variety of products without paying unfair and unfair commissions to intermediaries. The purpose of eMarketChain is to reduce prices for consumers and increase merchant profits. This can only be done by effectively eliminating intermediaries and payment processing entities, and instead adopting a decentralized approach to transactions and payments between the parties involved.

eMarketChain.co will become the official market provided by eMarketChain. With an intuitive and easy-to-use design, we aim to create a platform where: Customers can easily find items they're interested in; Merchants will have the ability to instantly register the items they offer.

eMarketChain.co will focus on creating a more straightforward, faster, and cheaper payment environment than what is currently the norm on the platform. With the advent of blockchain technology and the idea of decentralization, we can create alternatives to the payment methods used today. The benefits of such a solution will be perceived by customers and merchants.

With eMarketChain.co, we aim to create an experience for completely free users. That means that both the customer, as well as the merchant, must pay a commission or registration fee. Instead, we'll introduce two types of business models, which in recent years have proved very successful across different industries, all at the same time leaving users with a choice of whether they want to use paid features related to them, or not. In short, abovelist models are completely optional and users will not lose any functionality and key options provided by eMarketChain.co, when using the system for free.

As mentioned earlier, each eMarketChain user can use the platform completely for free - regardless of whether it is a customer or a merchant. However, with our freemium model, we give traders the opportunity to earn more from eMarketChain.co. With additional payments, they will be able to increase the visibility of the products they have listed.

This will be done by bumping their list higher in customer search results. Having increased visibility will help merchants to gain more exposure, and thus, potentially increasing the amount of sales they generate substantially.

The second approach eMarketChain - a subscription-based model, is intended solely for merchants. After subscribing, they will receive the following benefits: Promotion of their goods with better quality images automatically compressed by the eMarketChain platform, together with a broader suggestion engine for the goods or services they offer; Weekly suggestions on how to improve their ads, provided by our dedicated marketing specialists; Similar to the freemium approach, it is likely to register their offer higher in the results shown to customers.

With this approach we aim to reward people who believe in our project and have been the first to invest in it with a greater number of tokens, thus earning the most value from their investment. The funds raised will be used for the development of this project.

eMarketChain comes in the form of a digital currency named EMAC. The EMAC Token will go on sale from April 29, 2018 to May 29, 2018, at a price of 10k EMAC equivalent to 1 ETH. The token purchase itself can be done with foreign digial currency such as ETH. Do not forget, get also purchase bonuses at certain time period.

eMarketChain itself is the result of teamwork led by Martin Shoilev and eMarketChain has been designed and created by a team of highly experienced technology experts. Team members bring together expertise that gives them an in-depth understanding of the challenges many crypto companies face including legal, regulatory and compliance issues.

So that' s all our ICO project review for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below: