For Sellers
Registration
To sell on BAFEX, a seller will need:
Link a convenient wallet;
Specify the seller's status (legal documents, permits for activity, depending on the seller's region/country);
Specify the name of the "store";
Select the category of goods being sold;
Specify a referral link (if available);
Completing the KYC/AML procedure.
Working principles
In the early stages, BAFEX will work with sellers using two models:
FBS;
Express.
FBS model - involves the assembly and storage of goods at the seller's. The goods are sent via BAFEX partners. The goods will need to be taken to the partner's sorting center, from where they will then be sent to the buyer.
For the FBS model, delivery takes from 1 to 2 days.
The Express model speeds up the delivery process. The seller packs the goods and hands them over to the BAFEX partner courier. In turn, the courier delivers the goods to the addressee within a few hours.
In the future, operating models will expand, offering sellers flexible options for managing their businesses.
Creation of lots
BAFEX offers a completely new experience for creating products. Sellers will have access to:
Convenient templates and auxiliary tools for designing a product card, for example, a preview of the product card in the general feed;
An AI assistant trained on the best global e-commerce practices, allowing you to automatically optimize the appearance of the lot, edit the background, and select attractive images;
The ability to create a card not only in a square format, but also horizontally, so that you can demonstrate all the features of your product.
Seller Dashboard
We have made the seller's dashboard as user-friendly as possible. It will include the following sections:
General summary: displays the seller's status on the platform;
Products: which are currently posted on the platform; creation of products;
Orders: a list of goods that need to be prepared for shipment;
Logistics: list of companies with cost, average delivery time, and rating for quality of service;
Promotion: setting up advertising campaigns for one or more products;
Reports: generated by you and automatically suggested by us;
Support: chat with an appeal to specialists in case of difficulties;
Settings.
Sales analytics
To analyze your sales success, a separate analytics section will be provided where you can:
Get acquainted with key indicators and sales dynamics;
View reports for the selected period;
Review reports automatically generated by the platform;
Make all kinds of data cuts;
Find out competitors' prices.
Promotion on the platform
If users overlook you, we will be happy to help you promote your products. For this, we will use:
Highlighting your product in a separate color;
Loyalty programs and promotions;
Sales boost;
External advertising opportunities;
As well as a personal account for setting up all of the above.
Terms of payment for services and other things
At launch, the following currency options are accepted in supported networks:
$BAFEX;
$USDT;
$USDC.
The set of supported tokens will be expanded in the future.
Returns Policy
The possibility to return an order appears only after receiving the goods, when the status is "delivered," and provided that the goods are subject to return (each product and seller will indicate their own rules for applying the return policy when ordering).
Return fees and penalties will apply depending on the situation.
Examples:
Situation 1. The customer ordered a product, received it, but the product does not match the description and/or has a manufacturing defect; the seller is at fault.
The seller bears return costs (from transaction costs to logistics).
Situation 2. The customer ordered the product, received it, but changed his mind and, in the case of a return option for a specific product, decided to return it in its unopened and unused condition - the buyer is to blame.
Return costs (from transaction costs to logistics) are the responsibility of the buyer.
Commissions
The base rate is 5%, which also acts as the upper limit.
There are categories of goods and conditions that allow for a reduction in commission (detailed information is available in the relevant tokenomics section).
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