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How Feasible Is An Internet Market In Nigeria, More Like An Ebay Operation?

I have been researching on a feasiblity of internet market here in Nigeria where we can make use of our credit cards system, DHL or UPs whichever is applicable there in the country. Please give me your own views and opinions soon,

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6 answers

Check out http://www.nairamall.com. This site is quite similar to ebay.

You can create your own store in minutes. No technicalities required to integrate it to instant payment because your store is automatically integrated to netnaira (http://www.netnaira.com) and most of the card payment systems in nigeria.

Check out this sample phone store http://www.nairamall.com/SampleStore/index.php

It supports online shopping and delivery, instant payment, great site customization. It's all you need if you want to start selling right away.

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Moved to Webmaster Section.

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I agree with most of your points kazey - you have really hit the nail on the head.

But you suggest that the escrow payments should be irreversible - what then does happen in a GENUINE case where the item purchased and shipped to them is not the same, or is significantly different from the item advertised by the seller? Would the buyer, who I presume would have already paid the escrow deposit, then lose their money?

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1. Accepting credit cards from Nigerians, is scary. I wouldn't recommend that, considering possible charge backs, and the rate of crime from Nigeria etc, but you can use the tradition way. Credit card verification and contract agreement, whereby once they are verified and sign the contract, charge-backs cant be established with that specific credit card.

2. The inclusion of an Escrow system would help too, but that should be done either by interswitch or bank account deposit, which means payments are irreversible.

3. A good seller verification system in place.

4. A good reputation system.

The rest is pretty just like the others.

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Got your message javac, you could get me on gp_tosin@yahoo.com. at the moment i reside in Nigeria.

Expecting a mail from you soon. thanks

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I think it would be a great idea and will work if the banks can help curb fraud

If you are tech-savy and you currently reside in nigeria

Please, I would like to hear from you

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