Quite a while ago, it was reported that they won't release funds early if the buyer says they are happy. They just released the money for my return on the 9th day. (Yay, I guess I don't have to worry about it coming back to me!) I have a foreign sale that is on the 12th day and still hasn't been released. I have another sale that is on the 4th day.
Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
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Are you serious? You had to wait 7 to 9 days after the delivery date. They are just getting worse. Yes, my funds used to be released 4 to 5 days after my items were delivered. I agree that they should email the sellers about the longer payouts. What really annoys me is they don't answer their phones or respond to emails. They need to treat the sellers with respect!!! It's because of the sellers that they are making $$.
I can't believe it took 9 days to get your money back for a return. I'm thinking of just taking all of my items off Tradesy now and just sell on ebay. I'm afraid they are going to go under and not pay any of us. They need to fire the CEO or restructure.
I just sold a bag on ebay that I had already sold once and accepted a return. I'm really hoping the new buyer won't return it. Even though I would make less money on Tradesy, I would have been happier to sell it on Tradesy, knowing that I wouldn't have to deal with the return.
I am also afraid they will go under. I was just thinking yesterday that if I made a sale, I wouldn't know whether I should confirm it if they hadn't released any of the money from my previous sales, but now that I only have 2 sales left to released, I'm not as worried. These days Tradesy accounts for about 1/3 of my sales so I don't want to leave.
One of things that worries me about management is that Tradesy is run by artists rather than people who understand how to run a business.
Tradesy is in the news the past week for that Louis Vuitton toilet. LOL, I guess there are worse things to be in the news for?
http://losangeles.cbslocal.com/2017/11/09/louis-vuitton-golden-toilet/
They just opened this showroom concept, a new initiative... which wouldn't be happening if they were not a viable entity.
Lots of e-commerce companies are opening brick and mortar side businesses - Thredup and GIlt, for two. I think its a sign of the times that business is tough for these e-commerce latecomers and they think a brick and mortar business is worth investing in. Ebay would have never done that.
And lots of brick and mortar businesses are going belly up, having been done in by online shopping. (Sears, Macy's, JC Penney's, K-Mart, ToysRUs, etc. are just a few.)
I think they opened up the brick and mortar because they wanted to be in the spotlight. Maybe they convinced investors that the attention would help their business. I don't think that cutting up LV bags to make a toilet is going to translate into more buyers for my items.
They just released the money for my sale that was delivered on the 9th, so at midnight on the 5th day. The only one that hasn't yet been released is my foreign sale that was delivered to the forwarder on November 2. I don't understand why they hold it so long. If she doesn't get what she ordered, it would be the fault of the forwarder, not me.
I received my Nov 6th payout into paypal last night (Nov 13th at around 8pm). So both payouts taking exactly 7 days.
At least now I am seeing some consistency in withdrawal times and I can plan accordingly- which is better than nothing.
Those are brick and mortar businesses with inventory. those businesses need to exploit every channel I would imagine. Tradesy is a no inventory facilitator, having a brick and mortar presence means they need to start acquiring inventory, or setting up an expensive physical presence. Hopefully they got what they wanted out of that toilet.
Another of my sales that was delivered Nov 6 (at 4pm) was just released. It was made available this morning (11/14) at about 9am. This makes me think somebody is manually releasing funds, because if this was automated- it would have been available last night.
OK- now I wait another 7 days for this to show up in paypal. sigh.
OK- now I wait another 7 days for this to show up in paypal. sigh.
Those are brick and mortar businesses with inventory. those businesses need to exploit every channel I would imagine. Tradesy is a no inventory facilitator, having a brick and mortar presence means they need to start acquiring inventory, or setting up an expensive physical presence. Hopefully they got what they wanted out of that toilet.
Wouldn't the returns that they keep and try to sell from their own company closets be considered as inventory?
They probably are overflowing in returns. That is plenty of inventory. My understanding is that some of these pieces were for sale but the focus of the showroom was to show off the artwork more than to make sales.
Probably but the showroom seems to be full of artistic pieces, specialty Chanel bags and the like.
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Has anyone experienced unusually long wait times for funds to hit your bank account after initiating a bank transfer with tradesy? I withdrew funds on 10/29 and they still have not hit my bank account as of today, 11/14. I know they have the correct bank info because I did a few transfers earlier in October and they showed up in my bank account in 11 days (which is already crazy long). I'm on day 16 for this particular transfer, so I'm starting to worry. I have been calling tradesy all day and haven't been able to get through. I also emailed them over 24 hours ago and haven't received a response. Has this happened to anyone else?