Anyone Ever Buy and/or Sell on Tradesy?

[whateve]

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!

Now that you're verified, they already have your information so there isn't anything you can do about it. I prefer using Paypal for payout. It is more anonymous. Although if you use a bank account, and there is a problem with Tradesy in the future, you can always close your bank account before they can snatch your money. I don't think they can snatch it anyway, either from Paypal or a bank account because of the way the payout is coded. It isn't associated with a transaction that can be disputed, so once you have your money, you are pretty safe. They would have to sue you to get it back.

I never let my money accumulate more than a week. Why let them earn interest on my money when I can be doing that myself?

I can't leave Tradesy because they account for a third of my sales. Some of my items I'm afraid to list elsewhere because of possible returns or SNAD claims. However, with the recent changes I'll be removing perhaps half of my items that don't meet the $50 threshold.

 

[_Jade_]

Now that you're verified, they already have your information so there isn't anything you can do about it. I prefer using Paypal for payout. It is more anonymous. Although if you use a bank account, and there is a problem with Tradesy in the future, you can always close your bank account before they can snatch your money. I don't think they can snatch it anyway, either from Paypal or a bank account because of the way the payout is coded. It isn't associated with a transaction that can be disputed, so once you have your money, you are pretty safe. They would have to sue you to get it back.

I never let my money accumulate more than a week. Why let them earn interest on my money when I can be doing that myself?

I can't leave Tradesy because they account for a third of my sales. Some of my items I'm afraid to list elsewhere because of possible returns or SNAD claims. However, with the recent changes I'll be removing perhaps half of my items that don't meet the $50 threshold.

Thanks so much for your response.

Just a clarification, I haven't withdrawn the money yet. I'm still not verified. I wasn't sure what to do or if there was any way around it so I decided to put it off again. :/. I meant to withdraw every once in awhile when I first started but didn't follow through for some reason.

Is there a way around it it at this point if I try to request around $1500 payout to PayPal?

 

[whateve]

Thanks so much for your response.

Just a clarification, I haven't withdrawn the money yet. I'm still not verified. I wasn't sure what to do or if there was any way around it so I decided to put it off again. :/. I meant to withdraw every once in awhile when I first started but didn't follow through for some reason.

Is there a way around it it at this point if I try to request around $1500 payout to PayPal?

I don't think there is a way around it, unless you buy something with part of it to reduce the amount below their threshold. They don't have an option to withdraw a partial amount.

 

[_Jade_]

I don't think there is a way around it, unless you buy something with part of it to reduce the amount below their threshold. They don't have an option to withdraw a partial amount.

God, I'm so dumb. I was misunderstanding the email they sent me. They were talking about the threshold for bank withdrawals, not to Paypal. I just tried with Paypal and it seems to have been successful. So excited! Ok, now I can list some more things and remember to do frequent withdrawals to Paypal.
Thanks for your time!

 

[jmc3007]

I find that shipnow is easier than multi-order shipping.
paypal.com/shipnow

How do I use batch shipping on PayPal? Every time I use the link I get a pop up page that has to be filled out manually before it goes away and I get to the next step. I want to use my address book and select recipients from there.

 

[EGBDF]

Can we talk about shoes sizing again?
I've had quite a few shoe sales, and some of them get returned and sold in Tradesy's closet. I notice that sometimes Tradesy changes the US shoe size. I always include the European size in my title or description if that's how the shoe is labelled, and then I use the designer's conversion chart to list the size. Which in many cases doesn't match Tradesy's conversion chart.
So, do you use tradesy's conversion chart or the designer's conversion (if it's different)

 

[whateve]

How do I use batch shipping on PayPal? Every time I use the link I get a pop up page that has to be filled out manually before it goes away and I get to the next step. I want to use my address book and select recipients from there.

When I open it, I get this page. You have to option to import orders or fill them out manually. If your address book is in csv format, you should be able to import them. I always fill them out manually as the orders I use it for aren't usually in the system.

 

[whateve]

Today there are 2,736,761 items listed on Tradesy. I'd like to see what that number drops to on Wednesday. Some sellers with hundreds of items have mostly items under $50.

 

[EGBDF]

Today there are 2,736,761 items listed on Tradesy. I'd like to see what that number drops to on Wednesday. Some sellers with hundreds of items have mostly items under $50.

How did you find that #? You aren't including 'sold out' items, are you?
I'm not sure what I'm going to do about my under $50 items. I don't have a lot so I'll probably move some to eBay and just raise the price 7.50 on a few pairs of shoes instead of dealing with eBay with those.

 

[whateve]

How did you find that #? You aren't including 'sold out' items, are you?
I'm not sure what I'm going to do about my under $50 items. I don't have a lot so I'll probably move some to eBay and just raise the price 7.50 on a few pairs of shoes instead of dealing with eBay with those.

I did a search with nothing in the search box. Okay, I just excluded sold out items and the number is 1,331,194 Items.
I lowered the prices on some of my under $50 items to see if I can clear them out in the next few days. Then I'll either raise the prices to close to $50, make combination listings so the total is over $50, or remove them completely. I have quite a few items in this category. They are already on ebay.

 

[p3b]

Today there are 2,736,761 items listed on Tradesy. I'd like to see what that number drops to on Wednesday. Some sellers with hundreds of items have mostly items under $50.

I just removed four myself. They just really want to push sellers who are simply trying to sell their own items out the door. Just ridiculous.

 

[whateve]

I just removed four myself. They just really want to push sellers who are simply trying to sell their own items out the door. Just ridiculous.

I am rethinking it. I decided I can raise any lower priced items $7.50 and I'd end up with a little more money than I would have so I'm going to look into raising the prices just enough to cover. My cheapest item is $14. Tradesy would take close to $3 now so I can raise it to $18.50 and end up about the same. I'm not sure any of the buyers of these cheaper items would be enticed by the higher price.

 

[nicole0612]

Is there a subforum for etsy selling? I have sold a bag on there and I got a message that says:

"Dear N,
Thank you! Your automatic payment of $52.33 on May 7, 2017 with your Visa ending in xxxx has been received. Your account balance for XXXX has been adjusted. And your fee threshold has been raised to $100.00."

I sold a bag for $1125 + $25 shipping (I purchased the shipping label through etsy for a few pennies under $25)
Is the $52.33 "automatic payment" the fee for the transaction? Meaning that $1150 will be deposited into my account ($1125 + $25). It seems odd that they would bill my credit card for the selling fee instead of deducting it from the $ deposited for my sale. Also what does it mean that my fee threshold has been raised to $100?
Sorry if this is the wrong place to post, but I could not find an etsy subforum here after searching.

 

[GemsBerry]

Is there a subforum for etsy selling? I have sold a bag on there and I got a message that says:

"Dear N,
Thank you! Your automatic payment of $52.33 on May 7, 2017 with your Visa ending in xxxx has been received. Your account balance for XXXX has been adjusted. And your fee threshold has been raised to $100.00."

I sold a bag for $1125 + $25 shipping (I purchased the shipping label through etsy for a few pennies under $25)
Is the $52.33 "automatic payment" the fee for the transaction? Meaning that $1150 will be deposited into my account ($1125 + $25). It seems odd that they would bill my credit card for the selling fee instead of deducting it from the $ deposited for my sale. Also what does it mean that my fee threshold has been raised to $100?
Sorry if this is the wrong place to post, but I could not find an etsy subforum here after searching.

The problem is Automatic payment. it's monthly payment that Etsy takes automatically based on estimated amount of sales, not actual amount. Usually it's rounded to a larger amount, the difference rolls onto the next month. It's favorable to Etsy, but as a seller I prefer to have actual monthly billing. If you can you should change billing settings and opt out of automatic billing (all new sellers are opted in by default, because Etsy tried to avoid "hit and run" sellers and scammers who would take customers money and will close account without paying fees. I believe sellers can opt out after few sales unless Etsy changed it for good).

 

[nicole0612]

The problem is Automatic payment. it's monthly payment that Etsy takes automatically based on estimated amount of sales, not actual amount. Usually it's rounded to a larger amount, the difference rolls onto the next month. It's favorable to Etsy, but as a seller I prefer to have actual monthly billing. If you can you should change billing settings and opt out of automatic billing (all new sellers are opted in by default, because Etsy tried to avoid "hit and run" sellers and scammers who would take customers money and will close account without paying fees. I believe sellers can opt out after few sales unless Etsy changed it for good).

Thanks, I had no idea! So does that mean that this $53 is *in addition* to the percentage they take out of the $1150 of my sale for site fees? And does that mean that next month they will automatically take out $100? I've only sold two things since most of my items are not vintage , and they were both barely over $1000, so that's a lot in fees for me!
I only have one other item listed for about 2800 so now I'm scared how much they take out and fees for that. I might have to remove that listing... I read their terms, but I only saw the amount that they take out in selling fees as a percentage.