In other marketplaces, you have to make inquiries and wait for a response, which sometimes makes the processes more expensive than the actual product.
With BEARING X you can see the current stocks of a large number of traders at a glance and buy directly. Conversely, you can easily present your stocks to a large number of traders at the same time. We want to make trading in roller bearings faster and easier.
This is what sets BEARING X apart from other marketplaces:
- Trusted, verified participants limited to the European region
- Shown stocks of the participants are up-to-date and have a binding price (can also be hidden)
- Direct purchase eliminates the need to process inquiries and sales offers -> higher offer/order rate
The security of your data is particularly important to us and is therefore protected in a special way compared to other platforms. On the one hand through our IP-based system, which prevents access by external parties outside the community, and on the other hand through our decentralised storage system.
Your data remains your data.
- In the first year, participation and use of BEARING X will remain free of charge for you in any case. We have opted for this approach because our initial focus is on developing the platform together with our users. This means that our community will regularly share feedback with us and BEARING X will be adapted to the needs of our participants. We would be delighted if you could actively contribute your ideas and thoughts and help us shape the bearing trade of the future.
- In the medium to long term, we will work with the community to develop a pricing model that will ensure the continuous development of BEARING X in an economically viable way. This could be, for example, transaction-based pricing models or a membership fee. We will, of course, keep you up to date on this. There are no hidden costs for you.
- Currently, shipping and payment are considered individually and determined by the seller and not processed via BEARING X. We are working together with the community to implement a transparent solution for payment and shipping on BEARING X.
- At the same time, with the start of our initiative, we want to make it possible for our participants to implement individually agreed payment and shipping arrangements on BEARING X as well. It is also the case that shipping costs in particular also depend on the distance of the trading partner. This means that if you are looking for heavy and large items at BEARING X, you can use filters to specify that you only want to search in Germany, for example. Or you have already negotiated good conditions for purchases at BEARING X with foreign traders and buy the goods explicitly from these traders.
Each participant must upload quantities and prices. However, it is possible to hide prices (Bid Button) and receive offers.
- Bid button function: The buyer is then able to make an offer (e.g. on eBay) for your products. If the offer is equal to or higher than your deposited but hidden price, the transaction is concluded. Otherwise, you (as the seller) are only informed about the buyer's offer and can reject or accept it.
You can also conveniently decide which traders you want to show your stock to. Via the “Company Settings” under “Black List” you can blacklist dealers. This means that you will no longer be able to trade with the selected partner on the blacklist from the following working day. Your stocks will no longer be displayed to the selected partners on your blacklist. Please note that you will also no longer be able to view the prices of the partner on the blacklist.