How It Works
As a Seller, once registered successfully with the Exchange, you can immediately place your items to sell, by selecting the correct category of your product. The Market will indicate a price range for the item. If you feel the price range is incorrect or unsuitable for your product or if your product is not listed, please contact email@example.com. Once Transaction is complete the seller is liable to pay the Exchange transaction fees. See the Quick Guide
As a Buyer, once registered successfully with the Exchange, you can start to either browse the market under a specific product category of your interest and select a Sell instruction, as an indication of intent to Buy the item being sold, or you may issue a Buy instruction for sellers to see and meet your request to buy a particular product. Again the exchange will indicate an average pricing range for your product. See the Quick Guide
As a Broker, once registered successfully with the Exchange, you can begin to act as a broker for transactions where both seller and buyer of a product have successfully entered in a deal acceptance status. As Broker you are responsible for all communications between Seller and Buyer, Ensuring both parties meet their obligations, Ensuring the product meets expectations. See the Quick Guide
Buyer, Seller Verifications
Product Quality and Verification
Guard Against Mis Pricing
Secure Payment Transactions
Exchange Membership is free for all would be participants(Sellers, Buyers and Brokers). All members (private and institutional) will be credit checked. This is to protect both buyers and sellers on the exchange.
Every sell transaction incurs a percentage fee of the total size of the transaction payable to the exchange. The size of a transaction is defined as the price x quantity. Where specialist delivery and storage is required then additional charges will be due to the seller of the items.
The Trader (seller) in any transaction pays MakolaExchange the stated fee of the transaction.
The Counterparty (buyer) in any transaction pays zero fees
**Transaction fees are on a product by product basis and subject to change.
All Transactions take on the following status:
New - This is the initial status for any new buy or sell order initiated.
Pending - This is the status of a new transaction pending acknowledgment from the trader (seller) and counterparty (buyer).
Accepted - This status indicates that both Trader (seller) and Counterparty (buyer) have both acknowledged their intention to enter into the transaction. At this point Buyer is able to make payment to Seller and Seller is also obliged to make a pay the transaction cost to MakolaExchange Ltd.
Cancelled - This status indicated that either seller or buyer has opted to not continue with the transaction.
Frequently Asked Questions
As a Broker do I get paid and what are my commission rates?
Brokers are paid "Brokerage Fees" which is a given percentage of the total value of the transaction associated.
What are the market charges?
Market charges aka "Transaction Fees" are paid by the seller and buyer of each product for each transaction. The Fess differ product by product and is calculated as a percentage of the total value of the transaction.
What currencies are supported in the Marketplace?
How do items get shipped?
Once a transaction has been completed. ie Payments completed, The seller can either choose their own delivery method or choose from Delivery method provided by the Exchange.
An item I want to sell is not listed, how can I get this listed?
Contact where the item will be reviewed and categorised.
Can i get refunds for an item I purchase?
Refunds and associated shipping charges are negotiated between buyer and seller via your broker.
Trading Terms And Conditions
E-commerce Terms & Conditions
By visiting MakolaExchange.com (the online website, mobile applications, and online trading platform) you agree to the following terms & conditions.
Please read these Terms & Conditions carefully before agreeing to be bound by the same. If you do not agree to be bound by the Terms & Conditions, do not access or use this Website.
This website is provided by Quadrifortem Limited and MakolaExchange By using this Website or by placing any purchase orders using the Website, you agree to abide by the terms and conditions set forth herein. Only upon acceptance of the terms contained herein, you will be entitled to submit electronic orders. Any violation of the terms will result in termination of your account.
This website is not intended for persons under 18 years of age.
By registering with the Website you can access or view the prices, product inventories, and submit purchase and sell orders electronically. You are responsible for using the Website in a private and secure manner. We will not be liable for any damage or loss caused from any unauthorized account access resulting from your actions, such as not logging out of the account or sharing your account password. We reserve the right to refuse registration or cancel an account at any time.
You shall not do any of the following or permit any other third parties to do any of the following:
(a) Post or transmit any unlawful, threatening, abusive, libellous, defamatory, obscene, pornographic, or profane information of any kind, including, without limitation, any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability, or otherwise violate any local, provincial, state, national or international law, including without limitation, export control laws and regulations;
(b) Post or transmit any information or software that the sender is aware contains a virus, worm, or other harmful component;
(c) Upload, post, publish, transmit, reproduce, or distribute in any way, information, software or other material which is protected by copyright or other proprietary right, without obtaining the permission of the copyright owner or right holder;
(d) Account sharing, including, without limitation, letting third parties use your account and password.
Modification of these Terms & Conditions:
MakolaExchange A Quadrifortem Venture reserves the right to change or modify any of the terms contained in these terms & conditions, at any time. Any such modifications or changes will immediately become effective upon posting of such changes. Your continued access or use of this Website will imply your full acceptance of the same. You are therefore responsible for regularly reviewing these Terms & Conditions and additional terms or notices posted on the Website.
You agree to pay the full price for all Products you purchase from the Website. We reserve the right to charge extra charges for your credit card for any products purchased from the Website. You are responsible for the timely payment of all fees and for providing us with a valid credit card or PayPal account details for payment of all fees.
When you visit the Website or send any emails to us, you will be communicating electronically with us. By such electronic communication you agree to receive such communications from us electronically. You acknowledge that your electronic submissions constitute your agreement and your acceptance to be bound by and to pay for such agreements and transactions. Your agreement and intent to be bound by electronic submissions applies to all transactions you enter into on the Website, and all records including notices of cancellation, policies, contracts, and applications.
Disclaimer of Warranty/Limitation of Liability:
Third Party Links
For your convenience Makola Exchange, MakolaExchange may provide, links to third party websites operated by other entities on the Website. If you use such third party sites, you will leave this Website. If you decide to visit any linked third party website, you do so at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements. ABC does not make any warranty or representation regarding, and does not endorse, any linked websites or the information appearing thereon or any of the products or services described thereon. Any third party links do not imply that ABC sponsors, endorses, is affiliated or associated with any linked third party websites.
By visiting the Website, you agree that the laws of the registered country without regard to principals of conflict of laws, will govern these Terms & Conditions and any dispute of any sort that might arise between you and MakolaExchange.
Any dispute relating in any way to your visit or access of the Website or to the products you purchase through the Website shall be submitted to binding arbitration in registered country. The arbitrator's award shall be binding and may be entered as a judgment in any court of competent jurisdiction. To the fullest extent permitted by applicable law, no arbitration under these Conditions of Use shall be joined to an arbitration involving any other party subject to these Conditions of Use, whether through class arbitration proceedings or otherwise.