Anyone Ever Buy and/or Sell on Tradesy?

[MyAwesomeFinds]

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.

That is certainly what it looks like. They have a nice platform and a large critical mass of buyers and sellers, I'm surprised they can't get more venture funding to avoid having to float our money.

 

[GemsBerry]

Though we can't offer a faster payout timeframe at this time, it is something we are working towards. "

they forgot to add "...meanwhile we ensure that we're paying ourselves from your earnings without delays"

they need other sales to trickle in before they can pay out past sales.

exactly this

 

[ccbaggirl89]

For a reference, it took 16 days to be paid out. Bag was delivered 3/5, paid 3/21. I'm just happy the buyer was happy and didn't return.

 

[Cismith]

Out of curiosity, was that 16 days until you were able to transfer the funds or 16 days including funds transfer time?

 

[Cismith]

For a reference, it took 16 days to be paid out. Bag was delivered 3/5, paid 3/21. I'm just happy the buyer was happy and didn't return.

Out of curiosity, was that 16 days until you were able to transfer the funds or 16 days including funds transfer time?

 

[ccbaggirl89]

Out of curiosity, was that 16 days until you were able to transfer the funds or 16 days including funds transfer time?

16 days until... i just started the transfer today, so add in about 4 more days... 20, then

 

[MyAwesomeFinds]

16 days until... i just started the transfer today, so add in about 4 more days... 20, then

The transfer of your funds out of tradesy can take 14+ days. That's what it has been averaging for me.

 

[ccbaggirl89]

The transfer of your funds out of tradesy can take 14+ days. That's what it has been averaging for me.

What??? Since when did that happen?? I was used to 4-5. Oh wow.

 

[MyAwesomeFinds]

What??? Since when did that happen?? I was used to 4-5. Oh wow.

Since at least October.

 

[whateve]

What??? Since when did that happen?? I was used to 4-5. Oh wow.

I transferred on 10/13 and it hit paypal on 10/18, so that was 5 days. Most are longer for me, usually 7 or 8 days. I've never had one take 14 days.

 

[MyAwesomeFinds]

I transferred on 10/13 and it hit paypal on 10/18, so that was 5 days. Most are longer for me, usually 7 or 8 days. I've never had one take 14 days.

Hmmm...maybe I should try transferring to PayPal from now on. All of my transfers to my bank account are consistently taking 14 days.

 

[whateve]

Hmmm...maybe I should try transferring to PayPal from now on. All of my transfers to my bank account are consistently taking 14 days.

Probably. It only takes another day to make it to my bank from Paypal.

 

[GemsBerry]

16 days until... i just started the transfer today, so add in about 4 more days... 20, then

I'd say 4 days for transfer is way optimistic. my recent transfers took over a week.

 

[Cismith]

I'd say 4 days for transfer is way optimistic. my recent transfers took over a week.

It’s taking about 12 days total for me to receive the money in my bank account after transferring. Still, at least I know the money is coming and the wait doesn’t bother me too much. The alternative is to risk a bad buyer on eBay, or taking half of what I’d make selling to a place like fashion pile which no longer makes sense to do.

 

[yellowbernie]

Well I am on day 9 for my money to be transfered to paypal..and day 10 for them to pay me for a sale. I think I am done with Tradesy for a while..this is crazy..I don't get it, if my buyer pays for the item and they take there commission, why should I have to wait they have the money.