The KPOP business is not only a music album business, but it can be anything related with to KPOP, such as memorabilia,
fan art, signed albums, concert tickets, etc.
In the KPOP partner shop, you can allow your users to sell their unique items as an agent and buy them as a user.
Whilst they are loading the products into the shop, the partner shop provides an escrow service to their customers for a small fee.
In case someone would like to sell rare pictures to a specific user in the partner shop,
they can apply to become an agent of the partner shop and they will be notified if they have been successful in their application.
Once approved, an agent can register any items they want to sell in the partner shop, with a price they think best.
When the agent sells the item to a user in the partner shop, the agent will get a notification to ship the item to the user.
Once the user receives their item successfully, partner shop will pay the agent.
The Trading platform service is an online escrow service.
It allows all fee income to belong to the partner, not K-pop Agent. K-Pop Agent just provides an online shopping cloud service.
The trading platform service can generate an extra income to the partner shop owner besides just selling albums online.
But the partner shop owner has to take full responsibility to refund and wire the amount which was in the partner’s account.
Some countries may block these kind of escrow services according to a maximum amount or the credit limit of the partner shop owner.
You can use this feature on the cloud service in your country.
Please check this regulation to use this feature in your country.
To run an escrow service, there are at least two more costs involved such as, a collecting fee from
customer to the partner and a transfer fee from the partner to an agent.
The escrow fee should be higher than the two fees combined.