A) create a transparency in Commodities market (where seller can add their trade at PAN India and buyer can view and compare the same with other trades with respect to their parameters and take a decision either to buy not or negotiate at given rate)
B) Nation wide reach without any barriers
C) Get real value for the commodities.
D) Get your trade insured by opting for trade credit insurance.
E) Lower risk, secured transactions and saves time.
3. Who can view the selling added by seller ?
The selling added can be viewed by all the registered Buyers&Brokersacross India.
4. How can the Supplier upload the Selling?
Add Trade- by entering the required quantity details, their parameters and rate at which theywould like to sell. It is much beneficial (Save time & cost) than calling and asking the multiple Brokers to sell his commodities.
5. Is there any data privacy with regards to deals or transactions made?
AgriCommBaZaar has a strict data privacy policy. The complete data is managed and Owned by the Developers (Tapadia Creative Pvt. Ltd.). If there is any misuse of data, then users can take action accordingly.
6. What are the benefits provided to seller?
(a) Widened Scope: Here as all the registered Buyers in India can view their selling,the scope of seller in area terms is widenedas compared to traditional trades where the suppliers are restricted to limited set of Buyer’s & Broker’s.
(b)Price leadership: Here seller can upload his selling with desired rate and wait for the bids from all over India, where in traditional trades due to lack of information sellers sell their goods as per the rate received in quotations.
(c )Timely Updates: Seller will get on time updates of bids received, sales confirmations,payments made and many more - through what’s app and email which will minimize the major issue of Poor Communication between Seller & Buyer.
7. How quality disputes will be addressed ?
In case of disputes over quality we have designed a set of rules and proceduresto settle the matter and make a win-win situation for everyone. With this the sellers can do the business in hassle freeway environment.
8. What are the steps taken for timely receipts of payments due?
Buyers are on boarded only after a credibility check, due diligence and authencation completed by an onboarding team.
By notifying Buyers regarding their payments due on last day of their credit period and there after in case of non payments, we try our best to reduce the bad debts and release the working capital on time. Seller gets an option to rate the buyer accordingly for his credibility and performance.
If the Buyer continues to make late payments or no payments then AgriCommBaZaar may stop providing services to such buyer and black list him.
9. How does it safeguards Suppliers from Buyer’s Intentional Defaults or Bankruptcy?
By opting for trade credit insurance , Supplier can insure themselves against intentional defaults or Bankruptcy or Bad debts. As here a single transaction is done for lakhs, the risk is higher, hence by opting to our service of TCI they can explore more without worrying much about their pending receipts or payments due.
10. Revenue to AgriCommBaZaar from Seller?
The registration is completely free for all the users. AgriCommBaZaar charges a nominal service fees on the Confirmed Deals (Sauda’s). In case of :
Cotton seeds -Rs. 2 perQntl (Interstate)
Rs. 1 perQntl (Intrastate)
Cotton Bales - Rs. 10 per Bale
11. What action will be taken by AgriCommBaZaar in case of non compliances?
AgriComm Bazaar will initiate legal action if deemed necessary in case of non-compliance with any terms and conditions. Cost for the same will be borne by AgriComm Bazaar.
12. We are available on which platforms?
a. Playstore (Android)
b. Appstore (iOS)
c. Website (Laptop or Desktop)
FAQ - Buyers
1. List of Industries do we serve?
a. Cotton Ginners (sellers)
b. Cotton Spinners (buyers)
c. Oil Millers (Buyers)
d. Cotton Industry Brokers.
2. How can Buyer bidfor the selling added by the suppliers?
Select the trade – click on Book, Enter the required quantity, desired Rate and select the Broker. [Congratulations the Bid is successfully placed].
3. How Buyer can get the Assured Quality?
As we are associated with the list of Premium Brokers and as per our standards set we trust and assure that the Goods will be as per the Contract. In case of discrepancies if any, Buyer in accordance with broker can take an action or dispute settlement can be done as per the standards set by Agricomm Bazaar.
4. What are the benefits provided toBuyer?
View, Compare and then Bid: The Buyer can view & Compare the selling across India.They are also provided with an option to apply filters for parameters, state, District to compare different selling. This will create the Transparency in the market.
Timely Updates: Buyer will be updated through notifications via What’app and Gmail regarding contract confirmations, Vehicle loading, dispatch, timely reminder for payments to be made and many more. This will reduce the gap of communication between Buyer & Seller.
5. How can Buyers Manage Procurement?
Buyers has an option to track the contacted Goods from loading till goods are delivered at his end (Delivery Address).
6. What are the special feature provided for Buyers?
a. Buyer can add a Broker and give him an access to Bid on Buyerbehalf . Buyer will get notified for every action taken by broker on their behalf.
b. Companies can add a User (i.e., Secondary Owner, Manager, View) as their name suggests.
So even if the Buyer is not available or Buyer wants to do Bulk Buying then he can use any of the Special Featuresprovided by AgriCommBaZaar
7. Revenue to AgriCommBaZaar from Buyer?
The registration is completely free for all the users. AgriCommBaZaar charges a nominal service fees on the Confirmed Deals (Sauda’s). In case of:
Cotton seeds -Rs. 1 per Qntl (Intrastate).
8. What action will be taken by AgriCommBaZaar in case of non compliances?
Agricomm Bazaar will initiate legal action if deemed necessary in case of non-compliance with any terms and conditions. Cost for the same will be borne by AgriComm Bazaar.
