OpenBazaar is Gunning for Those Unhappy With eBay

OpenBazaar Merchant Sample

For those who don’t recall, OpenBazaar is a decentralized peer-to-peer marketplace where items or services are traded for Bitcoin and recently, lead developer Brian Hoffman went on This Week in Startups to talk in depth about the project, what their goal is and the kind of customer base they’re looking to attract, below are some of the highlights of the hour-long conversation:

“Our initial market is the kind of consumer-to-consumer market, so it is the people selling on eBay and Etsy and doing the homemade goods . . . I think the last time I saw there was a satisfaction survey for eBay 79% of people were happy. So that’s a huge number of people that are unhappy selling on eBay. This is a perfect opportunity for them to go and do something for no fees.”

On the topic of fees, OpenBazaar doesn’t include any since the marketplace doesn’t employ middlemen:

“I think average take is about 6 to 10 percent of every sale. A lot of these depend on the category and stuff like that, but that’s a pretty good chunk. You’ll notice that the prices are more expensive because of that; because

Read more ... source: TheBitcoinNews