Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
- Start date
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I've had numerous intl sales. They always seem to go to the same address in Kentucky. This freight forwarder is arranged by Tradesy. You don't have to do anything but ship there. Also, once received by the forwarder, your escrow will start. Also no returns for intl sales.
I had an intl sale that went to Florida (which was the freight forwarder)- so it wasn't Tradesy's FF in Erlander, KY - but still it was the same as using the KY freight forwarder, it took longer for funds to be released, etc.
It took longer? I wonder why. If the buyer uses their own forwarder, wouldn't Tradesy treat it just like a US sale?
Thats what I thought, but that wasn't teh case.
I was getting PMs from someone about a jacket and she always signed "from Iceland'. So I assumed the sale would go through Erlander, KY but when she purchased, the address was FLA.
I assumed this was HER forwarder and I would receive my money as if it was a local sale to FLA. Not true. For that sale, it took the entire 21 days (or whatever the default is for the payouts page)- for me to get the money. I even called Tradesy about it and they said, "oh thats an international sale", your funds won't be available for a few weeks.
OH! I just checked on two of my sales that Tradesy held my funds for the full 21 days, and discovered they were to a freight forwarder in NV. So that explains it. When I inquired, Tradesy didn't bother to explain to me the reason, just said '90% of sellers have funds released earlier'.
For me it went from one sale a day to 2-3 sales a week to nothing in 2 weeks! Probably since I raised all my prices by whatever they raised the commission 
also I recently lost it and flipped out at the Return's department so maybe they lowered my search rankings forever
also I recently lost it and flipped out at the Return's department so maybe they lowered my search rankings forever
OMG. I just got off the phone with Tradesy CS and they told me that my funds still have not been transferred. It has now been 12 days!!! They said they will transfer the funds today and it will take another two days to show up in my bank. They said they now do not do transfers for 7 to day business days!!!!
My last couple of transfers have taken 14 days! (including weekends)
I wonder if transferring to paypal is faster.
I'm just thinking out loud. I wonder if the delay in releasing the money has anything to do with how the payment is made. Perhaps if the payment is made in foreign funds, the money is delayed due to something to do with the exchange rate and/or chargeback.
I believe it's not. It used to be 4 days for international sales after delivery to US address. Now they are using any reason to hold funds forever.
Nope. I'm on day 8 waiting for my last paypal transfer - meaning, I waited for Tradesy to "release the funds" - which is taking LONGER than 4 days after delivery these days - and requested to transfer to paypal 8 days ago. So far nothing.
There isn't any "2 days to show up in the bank", with paypal though.
I did sell something a week ago and I KNOW they buyer gave me a 5-star rating right away. For that sale, my funds were released right away, and that sale was $500+.
This is the way poshmark does it, they pay after the buyer confirms acceptance. But the problem is, Poshmark is a HIGH MAINTENANCE social networking site where teenagers sit on the site and have nothing better to do than confirm their $20 purchases immediately. For tradesy, buyers don't do this, they don't proactively confirm, they may not even log in.
I feel like I am waiting a month for my money from Tradesy. I can't easily float money like this, I may have to go back to ebay.
14 days!!! That is unacceptable!!! If they don't change this payout soon I will no longer be selling on Tradesy.