Anyone Ever Buy and/or Sell on Tradesy?

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#8,926
BeenBurned said:
This BS that Tradesy's been pulling - hidden listings, crappy search, "flaws" and SNAD when items aren't damaged, putting items on sale when sellers haven't opted in, returning items to sellers when they're supposed to take the returns themselves - and all for 14% in fees - makes me glad I ended my few Tradesy listings when prices went up on December 1, 2016.

I'm convinced I did the right thing and will probably never go back.

They've done so much damage to themselves and their reputation that I don't think it can be fixed.
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You summed up it pretty well:
- "hidden listings,
- crappy search,
- "flaws" and SNAD when items aren't damaged,
- putting items on sale when sellers haven't opted in,
- returning items to sellers when they're supposed to take the returns themselves".
also I would add
- changing TOU constantly,
- disallowing and removing perfectly legit categories,
- holding funds eternally (both extending inspection period to 21 days and holding funds for 10-11 days after transfer),
- releasing private info publicly after re-verification,
- cancelling sales without ever contacting buyer or seller blaming other side.
- cancelling sales for items from their closets that were "lent for event" while available for sale.
if they allow one thing like this, they are OK with another, and it's a chain reaction of flawed ethics.

I'm gonna put my shop on vacation for 1+month, not gonna pay them for awhile.
 
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#8,927
whateve said:
I agree, yet I really hope they don't go under. There are a few things I'd rather sell on Tradesy than anywhere else. Today the item I sold is shipping with the Tradesy label. I calculated it would cost me $50 to ship it priority if I had to pay. For that reason, I didn't list this item anywhere else.
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Their CEO was quoted in an article in WWD with the headline saying that they expect to post their first quarterly profit. Subscription required.
IMG_5703.jpg
 
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#8,929
whateve said:
That is horrible. I think Tradesy is in trouble, drowning in returns, and they are resorting to extreme measures to not get stuck with more.

I use a camera for my listings. Once I listed a watch on ebay with very high resolution pictures. After it sold, for a lot less than I expected, I realized that my pictures showed a lot of microscopic scratches that weren't visible with the naked eye. The buyer got a great deal because the pictures made it look terrible.
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Im soooo sure they are drowning in returns. Honestly I cannot remember last time they kept my return. They are all coming back to me, and now some with extra damage.
On top of that, sales have been super slow...I sold one item all of last week.
 
#8,930
domifreaka said:
Im soooo sure they are drowning in returns. Honestly I cannot remember last time they kept my return. They are all coming back to me, and now some with extra damage.
On top of that, sales have been super slow...I sold one item all of last week.
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I would be happy with one sale a week. I only sold 1 item in June, 2 in July. So far August is looking up. I've already sold 3. I haven't had an item returned to me yet but I bet they wished they had. At least a couple of my returned items are still in Tradesy's closet and I know they've sold several at a loss.
 
#8,931
domifreaka said:
I contacted them and they gave me the $75 credit! for a broken button on a vintage Chanel. Unbelievable.
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Unbelievable, new Chanel policy doesn't cover repairs easily like it used to be. now it's extremely difficult, you need to be the first owner and have a receipt.
when I contact leather repair shops specializing in Chanel they start from $288 for SPA and up.
what can $75 do? shipping fees including insurance to ship your Chanel to repair and back.
 
#8,932
I haven't sold on Tradesy for awhile (ran out of things to sell from my last fall clean-out). I just listed 2 items and both sold last week. I noticed that the funds are now held for 21 days. Here's my question, does it initially say 21 days to account for possible returns, but if your buyers don't request a return within the 4 day window, do the monies get released like before (on the 4th day)? I haven't been following Tradesy and they're always changing their user agreement so I can't seem to keep up with all the new changes. TIA!
 
#8,933
ThisVNchick said:
I haven't sold on Tradesy for awhile (ran out of things to sell from my last fall clean-out). I just listed 2 items and both sold last week. I noticed that the funds are now held for 21 days. Here's my question, does it initially say 21 days to account for possible returns, but if your buyers don't request a return within the 4 day window, do the monies get released like before (on the 4th day)? I haven't been following Tradesy and they're always changing their user agreement so I can't seem to keep up with all the new changes. TIA!
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they say 21 days is in the worst case scenario when return us requested, usually it's 4 days for verified sellers,
 
#8,934
GemsBerry said:
they say 21 days is in the worst case scenario when return us requested, usually it's 4 days for verified sellers,
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Does the date change though? Right now, my sales page says I won't be able to cash out until August 30th. If there's no return requested, does that date change to 4 days after a successful delivery has been made?
 
#8,935
ThisVNchick said:
Does the date change though? Right now, my sales page says I won't be able to cash out until August 30th. If there's no return requested, does that date change to 4 days after a successful delivery has been made?
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No, the date never changes. However, on the fourth day, usually the money will become available. I had an item that was delivered 4 days ago, and the money was just released. On my sales page, it says earnings will be available to withdraw on August 28.
 
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#8,937
whateve said:
No, the date never changes. However, on the fourth day, usually the money will become available. I had an item that was delivered 4 days ago, and the money was just released. On my sales page, it says earnings will be available to withdraw on August 28.
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Thanks for the info. So many changes...

It also makes me wonder if this is a new tactic to keep money in the Tradesy bank for longer. Let's say you make a sale and you see that funds will be available within 21 days. If I hadn't asked about it, I'd probably let it sit in my Tradesy bank for the whole duration and only come back to withdraw on that day. Of course, I've been on Tradesy for much longer and know that can't be the case so I was able to ask. But just think of all the new sellers, not knowing what the old protocol was and just letting all that money sit there. I'm sure Tradesy is leveraging that money somehow during those extra "wait" days, just like how all of a sudden it takes them a week to transfer me my money to my BOA when before it would only take 2-3 days.
 
#8,938
ThisVNchick said:
Thanks for the info. So many changes...

It also makes me wonder if this is a new tactic to keep money in the Tradesy bank for longer. Let's say you make a sale and you see that funds will be available within 21 days. If I hadn't asked about it, I'd probably let it sit in my Tradesy bank for the whole duration and only come back to withdraw on that day. Of course, I've been on Tradesy for much longer and know that can't be the case so I was able to ask. But just think of all the new sellers, not knowing what the old protocol was and just letting all that money sit there. I'm sure Tradesy is leveraging that money somehow during those extra "wait" days, just like how all of a sudden it takes them a week to transfer me my money to my BOA when before it would only take 2-3 days.
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Once they released the money, and then took it back. The buyer returned on the 5th day, it seems. I eventually got my money but that time it took almost the entire 21 days.
 
#8,939
ThisVNchick said:
Thanks for the info. So many changes...

It also makes me wonder if this is a new tactic to keep money in the Tradesy bank for longer. Let's say you make a sale and you see that funds will be available within 21 days. If I hadn't asked about it, I'd probably let it sit in my Tradesy bank for the whole duration and only come back to withdraw on that day. Of course, I've been on Tradesy for much longer and know that can't be the case so I was able to ask. But just think of all the new sellers, not knowing what the old protocol was and just letting all that money sit there. I'm sure Tradesy is leveraging that money somehow during those extra "wait" days, just like how all of a sudden it takes them a week to transfer me my money to my BOA when before it would only take 2-3 days.
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Good point, $200-600 per individual seller doesn't generate much interest but cumulative amount from multiple sellers will do. interest rate is raising and also it looks good on paper in cash flow and inflated balance.
 
#8,940
this is also new, I just mentioned in email about my recent transfer that "These funds will usually appear in your account within 3-7 business days." It used to be 3-5 business days but in reality it became 11 days.
 
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