Open Bazaar is a decentralized market place for merchants and enthusiasts to list and find products for sale using cryptocurrenmcy.
OpenBazaar costs nothing to download and use.
Unlike sites like Ebay or Amazon there are no fees to list items, and no fees when an item is sold.
As the shopping experience is peer to peer, it all happens directly between buyers and sellers with no middleman to take a cut from each sale. It’s completely free e-commerce.
OpenBazaar uses Bitcoin, Bitcoin Cash, Litecoin and zcash – all leading cryptocurrencies.
Existing online payment systems such as credit cards are tied to identity, cost money to accept, and risk identity theft. Cryptocurrency is more private, has no risk of identity theft, and costs little to use.
With open bazaar third party payment processors aren’t able to hold funds or reverse transactions; how to use cryptocurrency is up to you.
For buyer security escrow services may be used internally by merchants. Those who opt not to use escrow services are prominently displayed to users.
Open Bazaar sales and shopping experience run entirely through the application in a decentralized manner.
Storefronts and products may be found on centralized websites online, but the products and services being sold can only be purchased through the decentralized open bazaar application.
An example of an online interface would be that of the open bazaar store listings such as the Saving Lives Donation Store.
If you follow the example through to attempt to make a payment, you will find it requires you download the open bazaar app.
