What is BingaBinga? BingaBinga Review, Features

BingaBinga is a shopping platform for middle and high-end people in the UK and Europe. The items on the platform are novel, innovative, tasteful, and exquisite, which conforms to the aesthetics of the British and can give buyers a brand new experience.

About BingaBinga

BingaBinga will gather high-quality shops and unique products. Shop owners can not only operate their own brands online, but also participate in online community exchanges and hold offline gatherings.

The platform’s current categories include: Bedding & Linen, Decorative Objects, Wall Art, Clocks, Lighting & Candles, Cooking & Dining, Jewelry, Outdoor Products, and Customized Selections.

In order to meet the various customization needs of British buyers, the platform has created a seller-exclusive backend for sellers who can provide customization.

In May 2016, BingaBinga received 3.5 million RMB in angel round financing from Cherubic Ventures.

Settlement process

BingaBinga is looking for investors in mainland China, and both individuals and companies can join.

·Sellers should first contact the investment manager to send a brief introduction of the relevant products. After a preliminary review to ensure that they meet the platform requirements, log in to the platform and click "Open a shop" in the lower right corner to register an account. After successful registration, please send the seller's store name and email address to the investment manager. The platform system will then send the seller an email with the required review materials. Submit the materials as required, and you can log in to your own store after the review is passed.

Platform Fees

There is no service fee on the BingaBinga platform. If the seller's products have transactions on the platform, BingaBinga will charge a 15% commission from the total transaction amount. There are no other fees.

Settlement Model

1. One is that the transaction funds directly enter the fund pool and settle with the merchant on a monthly basis;

2. The other method is to settle the payment by item, which will be settled 14 days after the user signs for the goods.

FAQ

Q：What is the remittance method?

A: BingaBinga currently cooperates with two third-party payment companies, Paypal and Payoner, and will need another third-party payment platform in the future. The payment period is about 15 working days.

Q: How can you ensure the platform's traffic in the early stage?

A: In the early stage, the BingaBinga platform will promote and attract off-site traffic for high-quality sellers who have passed the review on social media such as Facebook and Google. The initial costs are paid by the platform.

Q: Do you have overseas warehouses?

A: BingaBinga platform plans to set up overseas warehouses in the UK for sellers with good and stable sales and demand in this regard. The rent of the warehouse will be free for the first one or two months.

Q: Why can’t I log in to the platform after submitting the materials and passing the review?

A: To ensure the security of your account, after the materials are reviewed and approved, you will need to click on the link in the email you received when you log in to the platform for the first time.