E-commerce could be quite a bit less expensive for users if we could just eliminate the middlemen (like eBay and Amazon) and the bankers.
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 80% 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. Accredited investors please see (and "follow") our profile and private placement offer on AngelList.