Well I'm sorry to say it looks like something really bad is happening over at Tradesy. First they increase their cut by 5% and now they are suddenly holding my funds for 3 weeks. Seriously. Item was delivered but it says funds being held until January 2 - really, really unacceptable http://www.lowcards.com/paypal-reaches-class-action-settlement-improper-account-holds-39027 They sued paypal for this kind of thing, and won. You'd think Tradesy would have better advisors.
Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
- Start date
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Did you add and verify your bank account? I had this problem before but Tradesy informed me that if I add a bank account and verify it, the wait time for my funds will be reduced to just 4 days after my package has been confirmed shipped and delivered. As a matter of fact, I just checked the app and it still says that my funds will be released within 4 days.
It says that but in most cases, the money gets released in 4 days anyway. They informed us of this change before it went into effect and if we didn't like it, we didn't have to stay on Tradesy. I think what is happening is that if 4 days pass and the buyer doesn't indicate she wants to return, your money gets released. If the buyer starts a return for any reason, they wait until they have the bag back and inspect it before they release your money. I think there were probably times when a buyer returned an item for site credit, Tradesy released funds before they got the item back, and then found out the item was fake.
I just made my first Tradesy sale. I had trouble printing the label, my printer identified it as an image rather than a document. When I saved it as a document it was huge! I will see how the overall experience goes. I'm starting to be over Posh, too much buyer's remorse and baseless claims.
The label is an image. It annoys me because I would like to easily copy the name and address of the buyer to put on a packing slip. Because it is an image, I have to type that in myself. I wish Tradesy would provide a packing slip.
Terms on Tradesy (last I heard from them) were that you don't have to cancel once they purchased even if you haven't shipped yet
Is anyone else bothered by the fact that they justified the increase in commission with additional sales but the sales aren't for any of our items -- only their items? So we're paying higher commissions, they are only having sales on their closet and with the curent sale of up to 50% off, their prices are way below mine making my items unappealing. It certainly does look like they are most interested in selling the items in their return closet and not any of our items who have been with them for years.
I hate how Vestiare price my items! I've recently posted brand new loubies, limited edition that costed almost $5000. I listed them for $1200, and they made me counteroffer - $250!!! They don't know brands and prices, all their offers are ridic
It went like this with my last negotiation:
Ironic : $850
VC: $350 (what the freak???!!!)
Ironic: $849
VC: $450
Ironic: $815
VC: Deal!!!!!
LMAO
Don't let them shove a price on you. If you are persistent, they will accept a price close to the one you initially set.
it doesn't work for me, I can offer my price in these negotiations for 2 or 3 times per item, and then I have to take it or decline it. and I have to decline about half of what I list, as their offers are jokes
I don't see any returns anymore in my "payouts". I just get my money in 4 days after delivery, even if it's a return. I know it cause 2 of my customers recently let me know they are returning the items that didn't fit them. I still had my funds on time though. It used to be marked as "Pending customer service review" when I had a return. Now it's not. I guess now they just pull the funds if something's wrong with the item, and you'll never know it was returned before they receive, inspect it and take your money from this sale back.
None of my returns said "pending customer service review." I never knew I had returns except one time when the buyer claimed it wasn't authentic. All the others I didn't know about until I saw that they were moved out of my closet into Tradesy's. I have one that was delivered on December 5 that still hasn't been released, but the item is still showing in my closet. If the buyer had returned, it should have already moved into their closet. One time my money got released before 4 days. I think that is because the buyer returned to a return bar.
I should have clarified that if you aren't verified the wait time for your money could be longer than 4 days.
I just got email, now Tradesy has a working selling app for Android. that's what they were working on and not on the search or anything site related. I have Android, alright, but with their commission increase I'm not going to list anything new there.
Customers keep asking for discounts, I explain that it's almost 18% commission now, and they suggest to do transaction elsewhere.
Customers keep asking for discounts, I explain that it's almost 18% commission now, and they suggest to do transaction elsewhere.
the inventory in their own closets consist of returned items sold by (us) sellers accumulated over the months and years since Tradesy setup shop, so it'd only make sense that they'd want to work down their overstock as much as possible, otherwise where would returned merchandise go? it's not as if Tradesy had become the RealReal and they took on consignment from another source outside of Tradesy, so to the extent that anyone feels Tradesy's own closets pose a competitive threat, we just have to remember that these goods came from ourselves at one point or another! just like when we set prices at for what we want to sell, Tradesy do the same now that they have taken ownership of these items. a better question to ask is would we rather returned items go to them or go back to us and then we have to resell?