Right now, it is 100% free to sign up, rent a virtual store and list 5 products on our marketplace. You can rent a bigger store that offers premium services and list more than 300 items including services and goods for a small fee.
This is a more convenient, affordable way to reach a large group of buyers. Comparing this costs to a renting a physical store, it can be quite expensive. You have to pay legal fees, rental fees, maintenance fees, security fees and much more. You have to setup your store before you can open it up for customers.
Here at Material Mall, we decided to make it easy for you to rent a store by starting 100% FREE.
For sellers who wish for premium services to boost sales and visibility, we have made payment easy by spreading rental, service, maintenance and other fees into affordable and low subscription / maintenance fees payable periodically as a fixed fee and rental fees spread as low transaction rates. As low as 3% on your sales. This is to enable you, our esteemed seller, to run your store and sell products immediately, even when you do not have funds. We take care of government taxes for you from your subscription fees. We earn when you make a sale.
To setup your store and upload your products, you can do it yourself or contact us to do it for you at a low fee of N500 – N5,000 plus per product.
Registering and starting a shop on Material Mall is totally free.
The Free plan allows for 5 products to be sold at a time.
There are three basic selling fees: a rental/ subscription fee, a transaction/ commission fee, and a payment processing fee. All other fees are optional service fees.
If you are on the default free plan, you are limited to sell a maximum of 5 products at a time on the marketplace. A product that has been listed, lasts for one month or until the item is sold. Once an item sells, there is a 1.5% to 15% transaction/ rental fee charged on the sale price (not including shipping or other costs). If you accept or make payments with Paystack or other Payment platforms, there is also a payment processing fee based on their fee structure.
Additional product fees are billed in NGN, so if your bank’s currency is not NGN, the amount may differ based on changes in the exchange rate.
It is very easy to set up a shop on Material Mall. Start by creating a Material Mall account (if you don’t already have one), set your shop location and currency, choose a shop name, create a product listing, set a payment method (how you want to be paid), and finally set a billing method (how you want to pay your Material Mall fees).
By default, payments are made directly to your registered Nigerian bank account.
If you accept payments with Paystack, funds from sales on Material Mall will be deposited through your Paystack business account.
If you accept payments with PayPal, funds from PayPal sales on Material Mall will be deposited into your PayPal business account. PayPal personal accounts are not accepted as there are subject to monthly receiving limits and cannot accept payments from buyers that are funded by a credit card.
No, a credit or debit card is not required to create a shop. You will need to fill in your full bank account details in order to receive payment from buyers. To make a purchase, you can use either a credit card or to register with an existing Payment Platform on your account.
To be verified as a seller you have the choice to use a valid Government issued ID (with address and photograph), proof of address and proof of store location.
Simply put . . . everything in Building, Construction, Real Estate and Property Development.
Material Mall provides a place for individuals, retailers. dealers, distributors, manufacturers, craftsmen, artists, technicians, machine operators, artisans, handymen, professionals, etc in construction and similar industries, to sell their products (both handmade and non-handmade) and services, to a targeted group of buyers.
We connect you to the people you NEED to trade with.
If your question has not been addressed by this Frequently Asked Questions (FAQ), kindly use the form on the Contact page to send us an email with your question.
