Virtual Store
View the first stores created for our VX Mall and learn what features your Virtual Store will include...
Last updated
View the first stores created for our VX Mall and learn what features your Virtual Store will include...
Last updated
How to set up a Virtual Store in VerseX:Tier Card - Purchase a silver tier card and above to own a virtual store in the VX Mall.
Partner - Contact the VerseX team for a custom-built store.
Brand - Contact the VerseX team for a custom-built store.
Secondary Market Purchase - Purchase or rent from an existing store owner.
VX Mall Charges:
Once your virtual store has been purchased, there are two ongoing additional charges, rent and sales fees.
Base Rent
Base rent is simply the cost to exist within the VX Mall, invoiced monthly to the vendor.
Base rent is aquired through sales fees to enable the vendor to pay through sales, ratther than their own capital. To protect VerseX as a business, if the minimum rent is not met for three consecutive months, VerseX will hold the right to enforce the vendor into to selling or renting their virtual store.
Sales Fees
A small % fee taken from each sale that occurs in the vendors store.
Sales fees will initially be set at a higher rate in order to enable the business to cover their base rental cost through this method. Once the base rental amount has been paid the sales fee will drop to the lower rate.
For example: If the minimum rent is 400 USD and the sales fee is set at 5%. Once a vendor has generated 400 USD in sales fees then the sales fee % will then lower to 3% for the rest of the month.
This price & percentages above are merely an example of a minimum rent price, the actual price will be determined by the market conditions and be reviewed annually.
As VerseX is currently in the development phase - it is impossilbe to foresee what running costs will arise with the VX mall. It is with this in mind that VerseX may also include an annual service charge to help cover running costs for all stores. This will help maintain the servers and ensure the best user experiences.
Sales Fees - 3%~ on $XVR transactions, 5% on all other currencies depending on contracts with vendors & partners. (Example figures)
Base features will be provided for each store according to tier, with the option of purchasing customised or new features or textures.
Customisation options:
As a vendor within VX mall, you will be able to customise your store to create your own unique design.
Vendor Panel Features:o Initiate auction
o Sales tracking reports
o Edit mascot (If purchased)
o Employee management
o Create employee/ set wage / assign tasks
o VerseX Business Debit Card that will be associated with the store sales
o Edit billboards/ Advertisement management
o Rent, sell & auction
o Upload/ Remove item
o Email Collection
o Dedicated managers
o Track sales and manage stock
o In-store promotion management
o Close store/ Idle
Attractive Store Dashboard:o Initiate trade
o Voice chat
o Manage orders/view past orders
o Accept/ Decline
o Edit listed items
o Add/Edit/view stock
o Change theme in store; shop floor flighting and displays
o Light access to moving/adding/removing objects in store
o View reviews
o Initiate refund/return
o Edit shop audio
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