The Open Market Maker operates as a business under the terms and conditions of the ComTechX Platform license and receives a margin of 65% over the winning bid value less a 2.5% LAT (Location Activity Tax) on the winning bid value.
The OMM account is credited with the margin and the bid value as each item is paid for at the business store or delivered and to ensure that all payments are immediate the payment by the buyer by automatically debiting the funds held in accounts on the ComTechX Platform, therefore no charge backs.
Any unsold stock held on the OMM's account by the business (still on the shelf) is
dissolved and the winning bid funds are returned to the OMM's account after a set 30 day period (or to be determined).
Winning deals can be Competitive and as the market expands there will be niche markets where OMMs will be able to operate and one great thing with LA Deal Prices there are more "winners" with the Gold Passes awarded for reaching the last Call Stages, which can be used to pick up early bird deals that go to the Open Market.
OMMs can operate at any pace they want, part time or full time and by participating in LA Deal Prices and winning deals or getting Gold Passes can make a big difference on a lifestyle.
When considering that if you get one Gold Pass and use it to buy a $100 item for $15 or maybe a much needed item for the house that normally sells for $1,000 and you buy it for $100 or $150 with a Gold Pass, even by doing this several times a year or a month that's helpful to anyone's lifestyle.
We set out to develop a platform in e-commerce that fully utilized the Internet and to involve the most important key parties of people who should be the main benefactors.
Funding the OMM's account is by transferring to (and from) the personal Bata Account that is able to be funded via local businesses that are part of the ComTechX Platform or by sending funds via a bank account to an approved operator.
An opportunity presents itself for Open Market Makers to look around at their local business centers see what businesses could be suitable for the ComTechX Platform and the Location Activity Commerce (LAC) by using the LA Deal Prices as a better business approach to sell their products or services.
The OMM needs to have a small "seed" amount of funds to begin with from $5 and up for bidding as well as $50.00 USD
for the annual license fee, which for the first year's registration of a "OMM business" on the ComTechX Platform this fee is converted to KML Credits to help the OMM begin operating.
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