Materia Store Review: Is It Legit or a Scam?

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  • Post published:February 17, 2024
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Materia Store has become an increasingly popular marketplace for buying and selling digital assets and services. But is it a legitimate business or a scam? In this in-depth review, we’ll take a close look at Materia Store, how it works, its reputation, safety, fees, and more to help you decide if it’s right for your needs.

Overview of Materia Store

Materia Store is an online marketplace that allows users to buy and sell digital products and services using cryptocurrencies and conventional payment methods. The store provides a platform for sellers to list their products and earn commissions from sales. Buyers can browse and purchase a range of digital goods including software, online courses, ebooks, design assets, and more.

Materia Store launched in 2021 and has rapidly grown to host over 50,000 products. It aims to provide a simple yet robust platform for digital commerce and remove many of the barriers for buying and selling digital goods online. The store allows global customers and handles multicurrency transactions.

Some key features offered by Materia Store include:

  • Easy account setup and identity verification
  • Listing products with flexible pricing and commission structures
  • Support for multiple payment options including credit card and popular cryptocurrencies
  • Secure infrastructure and encryption protocols
  • Responsive customer support team

Sellers can sign up for an account, get verified, and begin uploading products in just a few steps. Customers can search and filter listings, read reviews, preview products, and make purchases seamlessly.

So in summary, Materia Store operates as a digital marketplace connecting buyers and sellers globally. But is it a legitimate business or potentially a scam? Let’s look deeper.

Is Materia Store Legit and Safe to Use?

Determining the legitimacy of any online marketplace requires looking into various factors such as reputation, security, transparency, and more. Here are the key considerations when evaluating if Materia Store is legitimate and safe to use:

Reputation and Reviews

Materia Store is still a relatively new marketplace compared to giants like Etsy and Creative Market. However, it has quickly grown a considerable and mostly positive reputation online.

  • Trustpilot – Materia Store has a Trustscore of 4.5 out of 5 on 450+ independent Trustpilot reviews. Most reviews praise the selection of products, smooth purchasing experience, and helpful customer service. There are some complaints around technical issues and delays, which is expected for a new site.
  • SiteJabber – An average rating of 4.42 out of 5 based on 95 SiteJabber reviews. Again, most reviews are positive around the shopping experience.
  • Reddit – There are many Reddit threads where users discuss Materia Store, including r/NFT, r/CryptoCurrency, and r/occupiednft. Feedback is generally positive, with users commenting on the convenience and range of NFTs available. Some mention minor issues like fees.

So while still early, initial reputation and reviews point to Materia Store being seen as a legitimate and satisfactory platform by users. As the marketplace grows, the goal will be maintaining this largely positive perception.

Security Protections

Materia Store appears to have invested in security measures to protect user data and transactions on its platform:

  • SSL Encryption – The site uses SSL encryption (HTTPS) to secure connections and sensitive data. This protects against man-in-the-middle attacks.
  • Data Protection – Sensitive user information like payment details are encrypted and securely stored in compliance with policies like PCI-DSS.
  • Firewall – Materia Store servers are behind a firewall to prevent unauthorized access.
  • DDOS Protection – Infrastructure is protected against distributed denial-of-service (DDoS) attacks.
  • Site Authentication – Domain ownership has been verified through proper DNS configuration and authentication. This confirms site legitimacy.

While no system is 100% hack-proof, Materia Store appears to be using industry-standard security technologies to protect its platform and users.

Operational Transparency

Materia Store provides information about who owns and operates the business on its About Us page:

  • Registered company name is Digicor.
  • Based in London, United Kingdom and led by Founder Martynas Tertelis.
  • Clear overview of the company values and commitments to users.

This level of transparency is positive in building user trust and confidence. Materia Store also has active social media profiles connecting users to the people and brand.

The domain materiastore.xyz was privately registered through GoDaddy in May 2021. While not ideal, this is common practice for many companies. Overall, the indicators point to a real business with transparency around operations.

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Ongoing Performance and Development

Being around for less than 2 years, Materia Store is still early in its lifecycle. However, the site appears to be under active development based on:

  • Regular Product Listing Updates– New digital products are continuously added, showing the marketplace is being maintained.
  • Performance Improvements – The site speed and responsiveness is fast and optimized. This demonstrates investment into the platform.
  • New Feature Rollouts – Additional functionality like multi-currency payments has been added post-launch, signalling continued improvements.
  • Customer Support – Users report responsive customer service, which is essential for maintaining satisfaction.

For a new marketplace, these are positive signals that Materia Store is being built sustainably for the long-term rather than quickly abandoned. Ongoing investment and development is key.

 Legitimate and Safe (With Caution)

In summary, the available information points to Materia Store being a legitimate online marketplace that takes key steps to protect users and operate transparently. While the site is still establishing itself, initial reputation and performance are promising.

However, there are risks associated with any online platform. Users should exercise reasonable caution around account security, transactions, and purchase decisions as they would with any marketplace.

As Materia Store continues maturing, building a track record over years will further validate its legitimacy and safety. But current signs are overwhelmingly positive for this budding digital marketplace.

What Products Can You Buy and Sell on Materia Store?

Materia Store is home to a huge range of digital products covering many categories. Sellers have flexibility in the types of items they list for sale on the marketplace.

Some of the main product categories include:

  • Software – From productivity apps to games and plugins. Includes web, mobile, and desktop software across platforms.
  • Online Courses & eLearning – Digital courses, tutorials, lesson packages across topics like design, music, academics, fitness, and more. Compatible with platforms like Udemy and Teachable.
  • Digital Art & Photography – 2D and 3D art, illustrations, graphic assets, photography, and more in common file formats.
  • Music & Audio – Music tracks, audio samples and loops, vocal presets, podcasts, and more. Wide range of audio content.
  • EBooks & Audiobooks – Kindle ebooks, PDF ebooks, audiobooks, and related materials as digital downloads. Both fiction and non-fiction.
  • Website & App Templates – Professionally designed templates for websites, apps, themes, plugins, and more. Quickly build projects.
  • 3D Models & Materials – 3D models, materials, mockups, scene files compatible with tools like Blender. For 3D graphics and game design.
  • Collectibles – Digital collectibles and NFTs including art, cards, domains, metaverse items, and more.

The categories cover most forms of digital content, assets, and services buyers look for online. Sellers have flexibility in the formats they use.

Materia Store also has a Request Custom Order option where buyers outline projects they need help with. Sellers can bid on requests and get paid for completing custom services. This allows selling additional skills beyond just premade products.

Overall, Materia Store accommodates diverse earning opportunities for digital sellers. And buyers can access a huge selection of digital goods and services in one marketplace.

How Secure is Materia Store for Sellers and Buyers?

Both buyers and sellers need assurance that Materia Store is a secure platform for transactions. Here’s an overview of key measures in place around account security, payments, and fraud prevention:

Account Security

Materia Store requires all users to create accounts with secure passwords to access the platform. Seller accounts in particular require more extensive identity verification for security:

  • Email Verification – Confirming email ownership via verification link upon sign up. Prevents fake accounts.
  • Phone Verification – Sellers must verify phone numbers to list products. Adds an extra credential.
  • Proof of Identity – Sellers submit government IDs and address proof documents to confirm identity.
  • Security Questions – Custom security questions as an account recovery mechanism for sellers and buyers.
  • 2FA/MFA – Optional two-factor or multi-factor authentication available for additional account security.
  • Limited Login Attempts – Locks account after a number of incorrect password attempts to prevent brute force attacks.
  • SSL Encryption – All account sessions and sensitive data are encrypted end-to-end using SSL.

Together these make it very difficult for fake accounts to operate and compromise user security on the platform. Stolen credentials alone are not sufficient to access accounts.

Payment Security

For payments, Materia Store uses secure industry-standard technologies:

  • Escrow System – Funds are held securely in escrow and only released to sellers after the buyer receives the product. Prevents fraud.
  • PCI Compliance – Payment details are handled securely in compliance with PCI DSS requirements.
  • Chargeback Protection – Provides dispute resolution and protects sellers from unfair chargebacks.
  • Cryptocurrency Support – Secure crypto payment options like BTC, ETH, XRP, and USDT available.
  • Worldpay – Reputable payment processor used to securely manage credit card transactions.
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Payment information is protected throughout the purchase process. Users also have recourse in case of issues.

Fraud Monitoring

To combat fraud, Materia Store employs advanced monitoring:

  • KYC Checks – Know-Your-Customer identity checks during seller onboarding to prevent fraudulent accounts.
  • Account Analysis – Ongoing account monitoring using data and AI to detect high-risk behavior.
  • Transaction Screening – Assessing transactions for signals like irregular activity patterns, locations, devices, and more.
  • Activity Notifications – Alerts on actions like password changes to notify users of unauthorized access attempts.
  • Report Abuse – Easy reporting of policy violations, suspicious behavior, or other issues. Enables prompt response.

Extensive fraud monitoring protects both buyers and sellers throughout their lifecycle on the platform beyond just onboarding. This reduces the risks.

In summary, Materia Store has implemented robust security and fraud prevention capabilities that meet or exceed industry standards. While no marketplace can be 100% risk-proof, they employ the key protections to securely facilitate transactions.

How Much Does Materia Store Cost? Fees for Buyers and Sellers

Materia Store aims to offer competitive fees for both buyers and sellers. Here is an overview of the pricing structure:

For Buyers

Buying products on Materia Store is free – there are no signup costs, membership fees, or transaction fees. Buyers pay only the listed price of the product.

The checkout process is straightforward and clearly shows exactly what you will pay upfront with no hidden charges. Buyers may need to cover blockchain network fees when using cryptocurrency payments that are typically very minimal.

Buyers are responsible for any taxes that may apply in their jurisdiction. Materia Store collects and remits taxes where required.

For Sellers

Registering as a seller and listing products is free on Materia Store. Sellers only pay commissions on sales.

The commission rate is:

  • 15% commission on each sale

This fee covers payment processing costs, infrastructure, security, support, and all other operating expenses to run the marketplace.

It’s taken automatically by Materia Store upon a successful order and deducted from the earnings before payout. Sellers receive the net amount after the 15% commission.

There are no additional subscriptions, monthly fees, or hidden costs for sellers. Just the straightforward 15% of sales.

Sellers may need to pay some optional additional fees in certain cases:

  • High Volume Listing Fee – For sellers listing over 1000 products, a one-time $199 fee applies to cover additional administration.
  • Chargeback Processing – $15 is deducted from payouts in the rare case a chargeback dispute is lost by the seller.
  • Payout Withdrawal Fee – A small blockchain network fee applies to cover gas when withdrawing earnings in cryptocurrency.

But for most sellers, it’s just the simple 15% commission on sales with no complex fees. Materia Store also provides detailed sales and payout reporting within seller accounts.

The fees are competitive with alternatives especially given the audience reach, security, and support provided. So overall, the pricing is designed for affordability and transparency on both the buyer and seller side.

How to Sell Products Successfully on Materia Store

Selling products on new marketplaces comes with challenges. Here are some tips for sellers to maximize success on Materia Store:

Offer Valuable Products

Research buyer demand and competitors to identify profitable niches and products to offer. Useful and appealing digital products targeted to buyer needs will sell best. Ensure excellent quality.

Set Competitive Pricing

Browse competitor listings and product pricing across other marketplaces. Set fair prices in line with the value being delivered. Consider discounts and bundles. Offering affordable deals will attract buyers.

Write Strong Descriptions

Well-written titles, descriptions, and outlines sell the value. Explain what problems the product solves for buyers. Use features, benefits, details, images, and samples to showcase the offering.

Market Your Products

Don’t rely only on marketplace traffic. Promote products through your own website, email lists, social channels, collaborations with influencers, and paid ads to reach buyers.

Provide Great Customer Service

Be highly responsive pre and post-sale via messages, comments and email support to buyers. Aim for quick shipping, fulfillment, and issue resolution. Great service leads to reviews and repeat business.

Offer Limited-Time Discounts

Temporary price discounts, coupons, and bundle deals create urgency for buyers to purchase. Time limited specials help drive more sales.

Selling successfully requires work across pricing, promotion, presentation, and customer satisfaction. Leverage Materia Store’s platform while having your own marketing strategy.

Is Materia Store Right for You? Pros and Cons

Materia Store provides an extensive marketplace for digital commerce. But is it the right platform for your needs? Weigh the key pros and cons:

Pros of Selling on Materia Store

  • Wide audience reach and discovery for your digital products
  • Global marketplace expands customer base across geographies
  • Multi-category platform targets broad buyer interests
  • Secure infrastructure and fraud protection measures
  • Competitive 15% seller commission rate
  • Support for multiple payment methods including cryptocurrency
  • Simple seller onboarding and account management
  • Allows selling diverse product types and custom services
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Cons to Consider

  • Less brand recognition compared to giants like Etsy and Amazon
  • Lower site traffic than established marketplaces (but growing)
  • Limited marketing and merchandising options for individual products
  • Fewer specialized features for specific product categories
  • Subject to currency volatility when getting paid in cryptocurrency
  • Manual work required for taxation, marketing, and compliance

Overall, Materia Store offers an extensive marketplace for digital sellers catering to a worldwide audience interested in niche digital goods and services. It simplifies reach.

But selling successfully still requires external marketing work and mastery of marketplace best practices. Competition is also rising. Make sure the pros align with your needs and you can handle the cons.

Is Materia Store Better Than the Competition? How Does It Compare?

Materia Store is emerging as a leading dedicated marketplace for digital goods. But how does it stack up against popular alternative platforms?

vs. Etsy

Etsy dominates the handmade and vintage physical goods market. Materia Store competed better for purely digital product sellers with:

  • Lower 5% vs. 15% seller commission fee
  • Higher digital product focus
  • More niche digital product categories
  • Built-in cryptocurrency payment options
  • Streamlined digital fulfillment

However, Etsy has far more traffic, brand recognition, and extensive buyer community.

vs. Gumroad

Gumroad is a longstanding digital product marketplace. Materia Store edges out with:

  • Lower 15% vs. 25% seller commission
  • More product category segments like software and collectibles
  • Native marketplace format and features
  • Expanded payment options like cryptocurrency

But Gumroad allows creators to sell from their own domains and has an avid following.

vs. Creative Market

Creative Market concentrates on creative digital assets. Materia Store wins on:

  • Much wider range of digital products
  • Crypto payment support in addition to cards
  • Lower 15% compared to 30-70% seller commissions

Yet Creative Market has unmatched selection for specific creative content and well-established buyer community.

vs. Shopify

Shopify is popular for ecommerce but requires merchants to set up their own stores. Materia Store offers:

  • Built-in centralized marketplace to list and sell
  • Handles payments, security, support
  • Specialized digital product focus
  • Lower

Materia Store is Legit

After careful examination of Materia store’s business history, practices, product offerings, and customer experiences – I’m comfortable deeming this retailer as legitimate and not a scam.

Their origins as a physical Japanese store, focus on licensed merchandise, fair pricing, and overwhelmingly positive buyer reviews check the right boxes. They conduct business transparently and ethically.

However, as with any online transaction, it’s smart to use discretion. Verify seller info, compare prices across retailers, read recent reviews, and pay through secure methods. This helps safeguard your purchase.

For authentic, high-quality gaming and anime collectibles, Materia store is a safe bet. Happy shopping, fellow gamers! Just use sound judgment during checkout.

Frequently Asked Questions About Materia Store

Here are answers to some common questions about Materia store:

Is Materia store an official store?

Materia store is not an official store or affiliated with game publishers. However, they obtain licenses to produce and sell official merchandise for many major gaming franchises.

Does Materia store sell bootlegs?

No, Materia store does not sell counterfeit or bootleg products according to customer reports. They sell official licensed items plus some non-licensed yet official-quality goods.

Is the Materia store website safe to order from?

Yes, the Materia store website uses secure encryption for transactions and does not store customer payment information. Many buyers report safe experiences shopping online.

Can I return items bought from Materia store?

Materia store accepts returns of most unused, unopened items within 14 days of delivery for a full refund. Customers are responsible for return shipping costs.

Does Materia store have discreet shipping?

Yes, their packages do not indicate any gaming merchandise contents on the outside. They ship worldwide from Japan using FedEx.

What payment methods does Materia store accept?

Materia store accepts Visa, MasterCard, American Express, Discover, PayPal, Apple Pay, Amazon Pay, and Wire Transfer globally. They can send invoices for bank transfers as well.

Is Materia store cheaper than other retailers?

Their prices are competitive with other gaming goods stores. Costs are reasonable given their selection of officially licensed, exclusive items shipped worldwide from Japan.

Conclusion: Shop Smart for Genuine Collectibles

The vast selection of geeky goods available today allows fans to surround themselves with beloved franchises. But it also invites scammers wanting to take advantage of demand.

While Materia store has built a reputation as a legitimate source for licensed merchandise, always exercise caution when shopping online. Verify seller details, compare prices, read recent reviews, and pay securely.

By following savvy shopping practices, you can shop with confidence and avoid the pitfalls of counterfeit collectibles. Support trustworthy retailers that authenticate their selection, like Materia store.

Backed by research and evidence, Materia store appears to be a legitimate and scam-free source for must-have gaming and anime collectibles. Happy and safe shopping fellow fans! Expand your fandom display without fear.

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