BSPECT > Rules

1. Cash Deposit

A. Cash deposit consists of platform deposit and Group buying deposit. Each of them will be recorded separately.

B. Platform deposit can be paid by any amount. It is used to ensure both sides of the business will obey the BSPECT rules when trading. When one side breaks the rules, according to BSPECT service agreement and other rules, that money will be used to paying for the penalty so as to improve the confidence level of both sides.

C. Group buying deposit must be paid by the sellers when organizing group-purchasing. The bottom line is 20%.You can pay more to enhance your reliability degree. The deposit will keep frozen unless the Group buying is finished. When BSPECT affirms whether the group buying is successful or not, sellers can apply for the refund of deposit.

D. The cash deposit can’t be returned when the following situations occurs:

a. The trading is in the works.

b. The controversies in the trade are still solving. And both parties have not reached an agreement.

c. Other violations.

In other situations, BSPECT users can apply for the refund of cash deposit anytime.

The cash deposit will be checked and returned in 5 working days.

 

2. Bonus Points

A. Users will get bonus points when paying for the cash deposit:

a. When paying the cash deposit for the first time on BSPECT, users will receive 1% of the payment as the bonus points. E.g. if someone pays US $1000 as cash deposit, BSPECT will give him/her 10 points.

b. When users add to the original amount without calling for a cash deposit return, they will get 1% of the additional amount as bonus points.

c. Once users apply for the return of the cash deposit, you can only get 1% of the excess part when the new amout is higher than the previous one. Otherwise, you won’t get any bonus points.

d. The points are given to the company, not the individual.

e. BSPECT reserves the rights to change the rules anytime and anywhere.

 

B. When trading via BSPECT, you can use the points to deduct money, 10 points = US $1. The maximum deductible amount of cash by member points is 50% of each order.

 

C. The points can be accumulated with a validity of one year—from the time you first get it to the end of next year, overtime will be invalid.

 

D. The points cannot be exchanged for cash. But both sides of the business can give them as a present to each other. BSPECT will also present points to users sometimes.

 

3. Rules of Ranking

BSPECT will rank products, stores and group buying based on various factors. And BSPECT shall retain the right to adjust the website ranking for own business needs.

 

A. Products Ranking

Factors that influence products ranking include total sales, deposit amount, experience points and adjustment factors. After calculating all the factors, BSPECT will sort products in descending order according to the obtained results. If the calculating values happen to be the same, the products shall be ranked according to upload time which means the earlier upload will be ranked in the front.

B. Store Ranking

Factors affecting Bspect website stores ranking include: store experience points, store deposit amount, store visits and other adjustment factors. After calculating all the factors, Bspect website shall sort stores in descending order according to the obtained result. If the calculating values happen to be the same, the stores shall be ranked according to opening time which means the earlier opened store will be ranked in the front.

 

C. Group Buying Ranking

Factors affecting Bspect website group buying ranking include: group buying value, store experience points, store deposit amount and other adjustment factors. After calculating all the factors, Bspect website will sort the group buying in descending order according to the obtained result. If the calculating values happen to be the same, it shall be ranked according to starting time which means the earlier stared group buying will be ranked in the front.

 

4. Rules of User Upgrade

The upgrade rules of the trade parties is calculated and ranked according to experience points.The grade shall be classified as followed:

 

Experience points

BSPECT services discount

Bonus Points awarded

0



1-10



11-50

0.5% off


51-100

0.5% off


101-200

1% off


201-500

1% off

100

501-1000

2% off

300

1001-2000

2% off

500

2001-5000

3% off

700

5001-10000

4% off

900

10001-20000

5% off

1000

 

Web system automatically displays the progress of the upgrade to remind the user about the experience point.

 

5. Penalty Points

 

BSPECT will deduct penalty point to users’ irregularities. Irregularities mean activities which break the operation of BSPECT or the law of People’s Republic of China.

 

Including:

A. If sellers sell fake or pirate products, Bspect will remove the products off selves and deduct 12 points.

 

B. Wash Sale means users get false market data, store rating, credit points by making up or hide transactions, avoiding or despitefully using rules and disturbing or impair credit record, so as to get undue advantages.

 

Treatment:

* For the first or the second time of Wash Sale, BSPECT will take measures to correct the irregularities of users, including deleting the false information about market data, store rating, store points and evaluations, deducting 12 points.

* For the third time or more, users will be deducted 24 points each time.

 

C. Intellectual property torts  

Users of BSPECT are not allowed to infringe the Intellectual property of others via our platform, including but not limited to the following items:

a. Using the trademark right and copyright improperly when releasing information or provide information to BSPECT.

b. Using the trademark right, patent right, and copyright improperly when selling products.

c. The information, you release or use, makes other users confused or misunderstand.

d. Releasing or selling products without authorization.

 

Treatment:

When the complaint is established for the first time, the respondent will be deducted 8 points.

For the second time with the same reason, is repetitive infringement, deduction 12 points each time. But if the time interval between the two complaints is smaller than 5 days (including 5 days), there will be no penalty points.

Time for complaint is subject to the acceptance of BSPECT (similarly hereinafter).

 

 

D. releasing information excessively, means users release information without following the rules of BSPECT, which is harmful to the advantages of the buyers, including but not limited to the following items:

a. Advertising information

b. The information does not match with the actual.

c. The information is repetitive

d. The elements of the products are not consistent.

e. The fluctuation between the bid price and transaction price is more than 30%.

 

Treatment:

*If users who do any of the things above, BSPECT will take measures like warning, removing the products, deleting the store, closing the store, deducting points to deal with the irregularities according to the severe degree.

 

BSPECT takes detail treatment to solve the irregularities as following:

A. If the deduction point adds up to 12, BSPECT will shield the complained store, restrict the release of products and warn the store for 7 days publicly.

B. If the deduction point adds up to 24, BSPECT will shield the complained store, restrict the release of products and warn the store for 14 days publicly.

C. If the deduction point adds up to 36, BSPECT will close the complained store and warn 21 days publicly.

D. If the deduction point adds up to 48,BSPECT will close down the account of the complained store.

 

Only when all the irregularities are corrected, all the penalties are carried out and finished, will they complained account return to normal condition.

 

The penalty points will be empty at 24:00 of each December 31 annually. But stores which were punished for 24points or more because of selling fake products will not enjoy the empty option. Only if the penalty point is less than 24 in the next year will the penalty points be empty at 24:00 of that December. If the penalty points add up to 48 or more, the account will be closed down.


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