monobank launches monobazaar, where you can buy or sell used things. How is it different from OLX?
Monomarket has launched Monobazaar, a place where bank clients can sell their things. It is currently undergoing beta testing, and anyone can join.
Monomarket has launched Monobazaar, a place where bank clients can sell their things. It is currently undergoing beta testing, and anyone can join.
"Now on Monomarket, our customers will be able to sell their unnecessary (or necessary) things. It's like OLX on a shoestring (for now)," wrote Monobank co-founder Oleg Horokhovsky.
According to Gorohovsky, the monomarket has three advantages:
- anything can be bought in parts;
- all sellers are already verified by mono, "so it's inconvenient, if not impossible, to cheat here";
- Everyone can create their own personal showcase on the Bazaar, share it on their social networks or send it to friends. You can also subscribe to the showcase to keep track of what is coming up for sale.
What opportunities are available on the monomarket?
AI: artificial intelligence fills in the product description for the user, it is enough to say a few words about it, such as "iPhone, 80% battery, curved screen."
Automated bidding: you can offer a price, and the seller will see it and think about whether they agree to sell for that much.
The seller will receive money only if the buyer picks up the goods from the post office. “If you look at it and don’t like it, the money will return to you, and the parcel will go to the sender,” explained Gorokhovsky.
Currently, a fixed commission of 0.1%, paid by sellers, is being tested until January 8. Once the bank is convinced that everything is working well, the commission will be increased to 1.9%. Buyers only pay for shipping.
You can also make an automatic donation. “Until January 8, you can sell an item for charity by clicking the appropriate toggle. In this case, not only will your amount be donated to the Charter, but we will also add the same amount from ourselves,” added the mono co-founder.
Where is monobazaar located?
monobazar can be found under the monomarket button.
"In a separate section, come in, test it, write feedback, and thanks to this we will adjust the development of the project," said Gorohovsky.
His storefront can be found at the link . For example, you can purchase a charity breakfast with the bank's co-founder.
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