Is Chymall Registered in Nigeria? - QUERY.ng [flexy_breadcrumb]

Is Chymall Registered in Nigeria?

This an e-commerce platform that offers a variety of products. It’s also a pioneer of Jack Ma’s (CEO of ALIBABA) proposed “New Retail” e-commerce business model. This proposed business model allows buyers of e-commerce products to profit from their transactions.

Is Chymall Registered in Nigeria?

Yes, Chymall is officially registered in Nigeria with the Corporate Affairs Commission (CAC), Federal Inland Revenue Service (FIRS), EFCC, and CBN. Chymall offers a variety of packages during registration depending on your financial capability, so everyone can have a chance of being a member of Chymall.

How to register with Chymall in Nigeria

There are 5 main entry packages for people willing to register with Chymall. Your registration fee and your trading capital are included in these packages.

VIP 1

This is the smallest package available on Chymall. This package is for people with small capitals but still willing to join the e-commerce bandwagon. You’ll have the chance to earn bonuses when you refer people to your business because it’s only through referrals you can make money. The registration fee is 9,500 naira.

VIP 2

The registration fee is 19,000 naira. The trading fee is 34,200 naira.

This is the second smallest package on Chymall. You’ll receive Quantum beauty spray worth the registration fee of this package. Each trade you make you’ll be able to buy Quantum ring from the retail store at the price of your registration fee.

You’ll get the opportunity to buy the same item you bought at the retail shop. These items will be bought from a wholesaler at a 60% discount each. Your products will be sold by Chymall within 10 – 12 days at the price of your registration fee. You’ll make a profit of 38,000 naira, but you’ll get paid 36,860 naira because a VAT of 1,140 naira will be taken out.

VIP 3

The registration fee is 38,000 naira. The trading fee is 68,400 naira.

This is the third package on Chymall. You’ll receive Quantum eyeglasses worth the registration fee of this package.  Each trade you make you’ll be able to buy a Quantum fuel saver or Compression mask from the retail store, at the price of your registration fee.

You’ll get the opportunity to buy two of the same item you bought at the retail shop. These items will be bought from a wholesaler at a 60% discount each. Your products will be sold by Chymall within 10 – 12 days at the price of your registration fee. You’ll make a profit of 76,000 naira, but you’ll get paid 73,720 naira because a VAT of 2,280 naira will be taken out.

VIP 4

The registration fee is 114,000 naira. The trading fee is 205,200 naira.

This is the fourth package on Chymall. You’ll receive Quantum energy pendant worth the registration fee of this package. Each trade you make, you’ll be able to buy Quantum energy heart and neck instrument or quantum moxibustion chip from the retail store, at the price of your registration fee.

You’ll get at the opportunity to buy two of the same item you bought at the retail shop. These items will be bought from a wholesaler at a 60% discount each. Your products will be sold by Chymall within 10 – 12 days at the price of your registration fee. You’ll make a profit of 228,000 naira, but you’ll get paid 221,160 naira because a VAT of 6,840 naira will be taken out.

VIP 5

The registration fee is 228,000 naira. The trading fee is 410,400 naira.

This is the fourth package on Chymall. You’ll receive Quantum energy facial led mask worth the registration fee of this package.  Each trade you make you’ll be able to buy either Quantum energy foot or arm massager from the retail store, at the price of your registration fee.

You’ll get at the opportunity to buy two of the same item you bought at the retail shop. These items will be bought from a wholesaler at a 60% discount each. Your products will be sold by Chymall within 10 – 12 days at the price of your registration fee. You’ll make a profit of 456,000 naira, but you’ll get paid 442,320 naira because a VAT of 13,680 naira will be taken out.

How is the trading carried out?

There are two trading options which are “AUTO” mode and “MANUAL” mode. If you’re on Manual mode, the trade will have to be reactivated after every 10 days, if you’re on Auto mode, the trade will only have to be reactivated after every 50 or 100 days. Your profits will be credited to your account after each trading cycle (10-12 days).

Conclusion

This e-commerce business model is unlike others that are in Nigeria. It’s structured like a networking platform. Chymall offers its services to Nigeria based on the capital each person has to invest. It is one of those businesses with a model that the majority of Nigerians aren’t familiar with.

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