Anyone Ever Buy and/or Sell on Tradesy?

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#10,126
whateve said:
A long time! After the item is delivered, it is typically 7 to 12 days before they release the money. I'm currently on day 11 for a sale that was under $50, which means the buyer can't return so there is no reason for Tradesy to hold the money that long. International sales and returns take longer, sometimes close to the maximum 21 days. Then once you transfer the money, it is at least another week. I transfer to Paypal. My last transfers: transferred on 5/3, received on 5/15; transferred on 4/30, received on 5/8; transferred on 4/27, received on 5/7. Best case scenario, 2 weeks after delivery, but usually more like 3 weeks.
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Ok, reading this ticks me off--not at you, but Tradesy. I sold something on Tradesy (I know, shame on me because I have said on here many times I wouldn't...I'm a hypocrite) and currently on day 8. I didn't think my item would sell because I overpriced it (albeit it is a rare item and in mint condition), and was looking to see if it had enough likes/interest for me to list it on Poshmark, my preferred method of selling these days. It sold within days of my listing it and the buyer loves it and posted my item on her personal instagram account. Obviously, she is not going to return it.

I have never had any buyer return my items to Tradesy; I did have someone resell my item but that's it and she was a reseller, anyway. I don't know why I have to be subject to a 7+ day inspection when my sales haven't contributed to Tradesy's money problems. Perhaps they got mad because I told off one of their CS reps a few months ago. :rolleyes:
 
#10,128
bernz84 said:
Ok, reading this ticks me off--not at you, but Tradesy. I sold something on Tradesy (I know, shame on me because I have said on here many times I wouldn't...I'm a hypocrite) and currently on day 8. I didn't think my item would sell because I overpriced it (albeit it is a rare item and in mint condition), and was looking to see if it had enough likes/interest for me to list it on Poshmark, my preferred method of selling these days. It sold within days of my listing it and the buyer loves it and posted my item on her personal instagram account. Obviously, she is not going to return it.

I have never had any buyer return my items to Tradesy; I did have someone resell my item but that's it and she was a reseller, anyway. I don't know why I have to be subject to a 7+ day inspection when my sales haven't contributed to Tradesy's money problems. Perhaps they got mad because I told off one of their CS reps a few months ago. :rolleyes:
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It's not you, it's everyone. I went back through and figured that my sales return rate is around 7 - 8%. That percentage is dropping because they no longer take returns on items under $50 and about half my sales are under $50. Tradesy still has two of my returns for sale.
 
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#10,129
whateve said:
It's not you, it's everyone. I went back through and figured that my sales return rate is around 7 - 8%. That percentage is dropping because they no longer take returns on items under $50 and about half my sales are under $50. Tradesy still has two of my returns for sale.
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I guess I have a hard time understanding why some people get their "credit" (I refuse to say money because Tradesy will hold that hostage for another 8-9 days) within 7-8 days, whereas others will need to wait longer. It all seems very arbitrary; like, what constitutes for someone to get their sales credit after 7-8 days as opposed to another seller/sale having to wait 21 days?

I can understand if they need to hold the funds at 21 days because a buyer instigated a return but mine clearly isn't going to; she personalized my item after she received it.

Really, I should've just saved myself the trouble and not list it on Tradesy. Clearly a lapse of judgment on my part.
 
#10,130
bernz84 said:
I guess I have a hard time understanding why some people get their "credit" (I refuse to say money because Tradesy will hold that hostage for another 8-9 days) within 7-8 days, whereas others will need to wait longer. It all seems very arbitrary; like, what constitutes for someone to get their sales credit after 7-8 days as opposed to another seller/sale having to wait 21 days?

I can understand if they need to hold the funds at 21 days because a buyer instigated a return but mine clearly isn't going to; she personalized my item after she received it.

Really, I should've just saved myself the trouble and not list it on Tradesy. Clearly a lapse of judgment on my part.
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It does seem arbitrary. I had a buyer message me after she received an item to tell me how much she loved it. The money was still held 13 days. The holding period seems to be getting longer. Also you often have no idea if your sale is international, and those are held close to 21 days. I had money released within a few days once because the buyer returned it in person.
 
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#10,132
Ceeyahd said:
Has anyone here read about the deal between another online resaler.
https://www.bizjournals.com/losangeles/news/2018/04/04/tradesy-buys-fitz.html


Along with some financial drama that the Tradesy founder is having with her divorcing husband?
https://mynewsla.com/crime/2018/05/04/tradesy-founder-sued-by-estranged-husband-over-income-sharing/
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I'm wondering how wise that acquisition is, esp. given their apparent cash flow problems, and how much incremental stuff they will get to sell out of it. Not sure how many women need to pay someone $400 to organize their closet and order some extra stuff online for them from their ipad.

https://www.tradesy.com/closet-concierge
 
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#10,133
MyAwesomeFinds said:
I'm wondering how wise that acquisition is, esp. given their apparent cash flow problems, and how much incremental stuff they will get to sell out of it. Not sure how many women need to pay someone $400 to organize their closet and order some extra stuff online for them from their ipad.

https://www.tradesy.com/closet-concierge
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Perhaps the suspected cash flow issues were to stockpile funds for this venture. I have to admit I've purchased nice bags from Tradesy, bags I came across just perusing the site, but same with other sites. I'm going elsewhere to sell my edits.
 
#10,134
whateve said:
A long time! After the item is delivered, it is typically 7 to 12 days before they release the money. I'm currently on day 11 for a sale that was under $50, which means the buyer can't return so there is no reason for Tradesy to hold the money that long. International sales and returns take longer, sometimes close to the maximum 21 days. Then once you transfer the money, it is at least another week. I transfer to Paypal. My last transfers: transferred on 5/3, received on 5/15; transferred on 4/30, received on 5/8; transferred on 4/27, received on 5/7. Best case scenario, 2 weeks after delivery, but usually more like 3 weeks.
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Anyone here ever sell on Poshmark? If so how long do they take to payout?

I sold 2 items on Tradesy and am waiting for my funds to come through. I may remove the rest of my listings because this waiting around is BS...
 
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#10,135
bagnshoofetish said:
Anyone here ever sell on Poshmark? If so how long do they take to payout?

I sold 2 items on Tradesy and am waiting for my funds to come through. I may remove the rest of my listings because this waiting around is BS...
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Poshmark is very dependable with payouts. At the most you wait 3 days after your item is delivered for your funds to be available, then the transfer to your bank account is pretty immediate.
 
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#10,136
bagnshoofetish said:
Anyone here ever sell on Poshmark? If so how long do they take to payout?

I sold 2 items on Tradesy and am waiting for my funds to come through. I may remove the rest of my listings because this waiting around is BS...
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I recommend Poshmark if you want to get paid right away. Funds are delivered after 3 days, sometimes sooner if the buyer accepts the purchase. When a buyer accepts purchase, they are no longer allowed to return and the funds are released.

Poshmark has its issues, however. It is targeted to a younger audience and more than likely you get inundated with lowball offers depending on what brand you are listing. Also you need to be on top of your listings and "share" them regularly in order to get as much views as possible.

I used to prefer Tradesy much more over Poshmark, but these days I prefer Poshmark. At least Poshmark doesn't play these ridiculous games and hold my money hostage.
 
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#10,137
MyAwesomeFinds said:
I'm wondering how wise that acquisition is, esp. given their apparent cash flow problems, and how much incremental stuff they will get to sell out of it. Not sure how many women need to pay someone $400 to organize their closet and order some extra stuff online for them from their ipad.

https://www.tradesy.com/closet-concierge
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Yes especially since they don't seem to be particularly well trained or experienced - Tradesy has an ad out looking for part timers to work as assistant stylists in New York - going to people's homes to go through their stuff. I'm not sure what kind of an interview process they have but there didn't seem to be any real qualifications. I'd be worried about going into some Kooks home.
 
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#10,138
NANI1972 said:
Just have to vent a little.... I really don't understand why "buyers" ask for a lower price on an item and you agree, change the price and never hear from them again. Very frustrating! :Pullhair:
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Me too. I've had this happen too.. I had someone this past week ask for almost half price but I did it because the item was sitting for awhile & I was actually going to donate it (and a few other things) just to literally clear out some draw space. So I lowered the price to what she asked for and then messaged her - twice in 2 days - then she responded by saying no she wanted that price to INCLUDE the shipping! I told her no and raised the price back up. I never check my Tradesy anymore unless I get a message that prompts an action so it really it such a time suck.
 
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