Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
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maybe it's more about no-sales period, 2-3 weeks without sales and you are less visible.
I was so happy to sell $800 boots during this promotion, and a minute later I've realized they are also PYTHON
Today when I was transferring my funds, I got this message:
Spend on Tradesy,
Save on Commission
If you could keep your earnings on Tradesy to get a lower commission of just 5%, would you?
You could still withdraw your funds — but if you spent them on site, you’d get a lower commission and save the 2.9% Safe Transfer Fee.
Yes! I would spend on site.
No, thanks.
After I answered the question, there was a response saying that they are looking into this. I would love the 5% commission but don't want to have to use the funds to buy something.
Spend on Tradesy,
Save on Commission
If you could keep your earnings on Tradesy to get a lower commission of just 5%, would you?
You could still withdraw your funds — but if you spent them on site, you’d get a lower commission and save the 2.9% Safe Transfer Fee.
Yes! I would spend on site.
No, thanks.
After I answered the question, there was a response saying that they are looking into this. I would love the 5% commission but don't want to have to use the funds to buy something.
Interesting. I would only spend on site if there was something I specifically wanted at that moment, but if not, I would not leave the money around in possession of tradesy until i wanted something.
Or until they went bankrupt!
Thank you for sharing. It screams "cash flow problems".
Advice please!!! I sold a brand new pair of designer shoes on Tradesy. The description says size 8 and the pictures of the shoes shows size 8 and so does the box. The problem is the title of the shoes says the designer name, but size 7.5. I have messaged the buyer two times now for the past two days and she is not responding. I told her that the shoes are size 8 as stated in the description and pics, but the title says 7.5. I asked her if she still wants the shoes and to confirm with me that she knows they are size 8. I told her I can cancel the sale and relist them and change to title to show the correct size. I also called Tradesy CS and they sent her an email too. Should I wait until tomorrow and it will just cancel the sale or ship them? They are $800 retail, but she got them for $600.
seems like a really good sale for you, I rarely get like $500 - 550 for new items with same original prices, so I'd ship it if I were you. The worst that can happen - the buyer will return them and Tradesy will ship them to you free of charge.
Thank you for your advice. I know I was so happy when I received the email that these shoes sold. I think I will just ship them today.
Scary - after seeing this message I wouldn't keep a dime on account at Tradesy - I'd be too afraid they're suddenly going to declare bankruptcy or close up shop. I presume most people are selling because they need to recoup their money or they have a business and need the money for bills with an occasional purchase. I haven't sold anything on Tradesy in probably 6 months now but Ebay has been moving items for me & I'm just in the process of opening shop on Mercari. I buy a lot on Ebay but nothing on Tradesy because I find the prices on Tradesy are way overpriced - I can get the same or similar items on Ebay for half the price they sell for on Tradesy which I guess is because Tradesy's commission to sellers is twice what Ebay is so why would I ever sell on Tradesy and then turn around and buy something that would resell at half its value later? Commission has nothing to do with purchases - it has to do with sales - the fact they tried to link the two together shows me just how poor their management is over there.
I got an email survey from them about how likely I was to recommend tradesy, and I said I would recommend it for potential purchasers but not for sellers due to the unfulfilled promise to reduce the transfer time, which is ridiculously long. I got this response:
"Thank you for being a Tradesy member. I can definitely understand your frustration and feelings around our transfer timing. Last year we had set an aggressive goal to have a better transfer experience and we were unable to meet that. Though we can't offer a faster payout timeframe at this time, it is something we are working towards. "
I have 3 sales that haven't been released, on day 11, 10, and 5, and two transfers that are on days 5 and 7. That is five sales they are keeping my money for!
My experience is that they do pay, just be prepared to WAIT. Interesting that they didn't give a reason as to why they can't improve the transfer timing right now. At least they admitted they are not doing it.
I think the are operating without a strong budget and use our payments to fund their company, which is why they cannot pay out in a timely manner. A company "in the black" will pay you out immediately, and a company operating from the red, or near to bankrupt, takes the earnings from sales and uses it to keep the company afloat. I sold a bag (delivered) 3/5... still waiting 13 days later. I have no more items listed. I'm waiting for Tradesy to completely tank any second. I think they have cash-flow issues and that's why we wait... they need other sales to trickle in before they can pay out past sales.