What is Slasham?
Slasham is an innovative e-commerce platform that allows consumers to purchase quality Nigerian products at wholesale bulk prices by participating in community-driven group buying deals. We aggregate individual demand to meet the supplier’s Minimum Order Quantity (MOQ).
How does Slasham group buying work?
- Join a Deal: You commit to purchasing a specific quantity of a product (e.g., one carton). Your payment is held securely in Escrow.
- Hit the Target: When enough buyers join to meet the deal’s Target Quantity before the deadline, the price is successfully slashed, and the deal is confirmed.
- Fulfill: We place the bulk order with the supplier and you receive your share of the savings!
What happens if a deal fails to meet the Target Quantity?
If the Target Quantity is not met by the deadline, the supplier has two options:
- Fulfill Anyway: The supplier may still choose to fulfill the order at the slashed price.
- Cancel: If they choose to cancel, your funds, held in the Escrow Wallet, are automatically and immediately refunded to your original payment method.
How long does a typical deal last?
The duration of a deal varies, but most are open for 3 to 7 days. The deadline is clearly displayed on every product page.
Why is my money held in an Escrow Wallet?
The Escrow Wallet ensures security for both the buyer and the supplier. Your money is held safely by Slasham and is only released to the supplier once the Target Quantity is met and the deal is confirmed. If the deal fails, you are guaranteed a refund.