Ok, that makes sense. Though it should be straightforward seeing the actual commission once they change next week.
Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
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To be honest, I couldn't make a business out of selling $20 listings, earn $3 an item and turnover enough volume to pay for staff, rent, infrastructure, cloud storage among other costs. woulda and shoulda gone out of biz ages ago unless there were buyers for those $5000 Chanel bags to bring up the average value.
I do agree that writing is on the wall for low value items...
Weigh your item packaged beforehand. If it weighs less than a pound, you can ship it first class anywhere in the country for under $4.50. If it is over a pound, and it fits in a flat rate envelope, it is still cheaper than Tradesy's label so you'll keep a little more money. Anything else has the potential to cost more or the same as the Tradesy shipping label, depending on where your buyer is located. Keep in mind that if you use first class, you aren't getting any insurance unless you add that on top, but for a $40 item I don't think it is worth it. The flat rate envelope gives you $50 insurance.
Yes. You can buy your postage on Paypal. On your paypal summary page, on the left side is a link called multi-order shipping. If you use that, you can copy and paste the tracking number into Tradesy. I think if you go to the post office to buy your postage, it will cost more. Delivery confirmation is automatically included when you purchase online, but you might have to pay extra for it at the post office.
I find that shipnow is easier than multi-order shipping.
paypal.com/shipnow
I feel eBay has always been a better choice for lower priced items, anyway. But like a lot of you I find the frequent "updates" from Tradesy to be concerning warning signs about their overall business.
On the other hand, they are not that desperate. Tradesy's closet still have many items at IG reseller prices, 3x retail. They are not interested in offers 5-10% off, which is still well above retail and above many online consignment business prices. They can charge whatever they want, but I would think that they would accept a reasonable offer if they were that desperate for funds or about to go under.
I sold a $20 item. Tradesy kept $3. Now I just need to sell a bunch more in the next 5 days!
Sorry in advance if this has been asked before.
Is there any disadvantage/danger to supplying Tradesy with your information to get verified? I let all my money accumulate with Tradesy without getting the payout and now they require your identity to be verified before you can transfer your money. I tried to do the transfer before the deadline, but my total was higher $1000 and I had to get verified anyway.
So, now I'm a bit disappointed that I let all my money accumulate over the last year. What do you wise veterans of Tradesy think?
And which form of payout is best/safest? Paypal or checking account?
And do you think with all these changed in rules recently with Tradesy, is it worth continuing with them?
Thanks so much!
Is there any disadvantage/danger to supplying Tradesy with your information to get verified? I let all my money accumulate with Tradesy without getting the payout and now they require your identity to be verified before you can transfer your money. I tried to do the transfer before the deadline, but my total was higher $1000 and I had to get verified anyway.
So, now I'm a bit disappointed that I let all my money accumulate over the last year. What do you wise veterans of Tradesy think?
And which form of payout is best/safest? Paypal or checking account?
And do you think with all these changed in rules recently with Tradesy, is it worth continuing with them?
Thanks so much!