MKC Marketplace Product Highlights

User Account Structure in a Marketplace:

In a marketplace environment, we manage different types of user accounts, each with its own permissions and specific functionalities:

System Administrators:

System administrators have elevated privileges and are responsible for the overall administration of the marketplace.
They have access to settings, management of merchant and customer accounts, and general system monitoring.

Merchant Accounts:

Merchant accounts are for merchants or sellers who want to list and sell products in the marketplace.
Merchants can create and manage their stores, add products, set prices and inventory, and handle incoming orders.

Customer Accounts:

Regular customer accounts are for consumers who want to purchase products in the marketplace.
Customers can search, view products, add items to the cart, place orders, and track the status of their purchases.

Account Administration:

System administrators have the ability to create, modify, and deactivate merchant and customer accounts.
They can also perform moderation actions, such as resolving disputes between merchants and customers, if necessary.

Anonymity, Reputation System and Arbitration:

Our marketplace platform values user privacy and trust, and therefore, adopts the following approach:

Anonymity:

All types of user accounts, including merchants and customers, have the option to remain anonymous.
Personal data is kept confidential, and users are not required to provide personal information beyond what is strictly necessary for operations, such as product delivery.

Reputation System:

We have implemented a reputation system that allows merchants and customers to rate their interactions.
Users can assign ratings and reviews based on their experiences, contributing to the building of a reputation within the marketplace.

Marketplace Arbitration:

The marketplace offers arbitration services to resolve disputes between merchants and customers, if necessary.
In case of a dispute, the marketplace can act as an impartial arbitrator to resolve issues related to orders, payments, and product quality.

Secure Payments:

Payments can be made directly to the merchant, in a straightforward manner.
Alternatively, customers have the option to send cryptocurrencies to the marketplace, which can act as an intermediary and make the payment to the merchant after a successful transaction completion.
This approach of anonymity, reputation system, and arbitration services helps create a trustworthy and secure environment for all marketplace participants. Users have the flexibility to choose how they want to conduct transactions, and the system is equipped to handle potential disputes fairly and impartially.

Option to Create BTC, XMR, ZEC Wallet - If the Customer Wishes.

Creation of Cryptocurrency Wallets:

Our e-commerce platform allows the creation of cryptocurrency wallets for both merchants and customers, making it easy to store and manage digital assets.

• Here are the details:
  • Supported Cryptocurrency Types:
    • We offer support for creating wallets for various cryptocurrencies, including BTC (Bitcoin), XMR (Monero), and ZEC (Zcash).

Wallet Creation for Customers:

Customers can create their own cryptocurrency wallets within the platform.
Creating wallets is simple and secure, allowing customers to store their cryptocurrencies with ease.

Wallet Creation for Merchants:

Merchants also have the ability to create their own cryptocurrency wallets.
This enables them to receive cryptocurrency payments and manage their digital assets.

Wallet Security:

Cryptocurrency wallets are protected with robust security measures, such as two-factor authentication (2FA) and strong encryption.
We ensure that users' digital assets are stored securely.

Payment Flexibility:

Customers can pay directly from their wallets using cryptocurrencies.
Merchants can receive cryptocurrency payments in their wallets, streamlining the transaction process.

Balance Tracking and Transaction History:

Users can track the balance of their wallets and view transaction histories for greater transparency.

Cryptocurrency Payment Gateway:

Our e-commerce platform features a dedicated cryptocurrency payment gateway, making the payment process more efficient and secure.
Here are the details:

Detection of Confirmed Payments:

The payment gateway is capable of detecting confirmed cryptocurrency payments.
This means that when a customer makes a cryptocurrency payment, the system can monitor the corresponding blockchain to confirm the transaction.

Configuration of Confirmations:

Merchants have the flexibility to configure the desired number of blockchain confirmations before a payment is considered confirmed.
Confirmation settings help ensure that transactions are secure and reliable.

Fast Processing:

The payment gateway is designed to process transactions quickly and efficiently, providing a seamless payment experience.

Transaction Records:

All cryptocurrency transactions are recorded for tracking and compliance purposes.
Merchants can access a complete transaction history.

We have implemented stringent security measures to protect cryptocurrency payments, including fraud protection and threat prevention. This cryptocurrency payment gateway integration provides merchants and customers with an effective and secure way to conduct cryptocurrency transactions, ensuring that payments are processed accurately and reliably according to the desired confirmation settings.