Anyone Ever Buy and/or Sell on Tradesy?

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#10,201
So my funds still hasn't appeared in my account from 5/25 sale as of today 6/27. I did get a generic response from Tradesy to my inquiry:

"Thanks for following up. Remember, transfers take 7 or more business days to process after withdrawing from your Manage Payout Page. This is the same timeframe all of your transfers have processed in. Depending on your bank, there may be an additional short delay before funds appear in your PayPal, debit card, or checking account (ACH).

I can confirm that your 6/14 and 6/17 transfers are processing properly, and you should see the funds soon. If you have any other questions, don’t hesitate to reply and we’d be happy to help."

So in other words we just have to wait and wait and wait :noworry::noworry:
 
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#10,202
hallobeanme said:
So my funds still hasn't appeared in my account from 5/25 sale as of today 6/27. I did get a generic response from Tradesy to my inquiry:

"Thanks for following up. Remember, transfers take 7 or more business days to process after withdrawing from your Manage Payout Page. This is the same timeframe all of your transfers have processed in. Depending on your bank, there may be an additional short delay before funds appear in your PayPal, debit card, or checking account (ACH).

I can confirm that your 6/14 and 6/17 transfers are processing properly, and you should see the funds soon. If you have any other questions, don’t hesitate to reply and we’d be happy to help."

So in other words we just have to wait and wait and wait :noworry::noworry:
Click to expand...
I got the same response and a piece of new BS
"Once that window closes and a return has not been requested, the details of the sale may be selected by an algorithm built into our website, which sends selected sales over to our security team.
Orders are selected by an algorithm built to select orders that may be at risk varying by price, brand and previous issues with similar sales. Orders may also be selected for review if there are any issues or things that aspects to be reviewed in regards to the transactional details. Once the review and process is completed by our security team and the funds can securely be sent to you, they will be released to your Tradesy account."
so they can hold funds eternally if their "algorythm" selects something, anything. I believe there's no such algorythm, it's just an excuse.
 
#10,203
GemsBerry said:
I got the same response and a piece of new BS
"Once that window closes and a return has not been requested, the details of the sale may be selected by an algorithm built into our website, which sends selected sales over to our security team.
Orders are selected by an algorithm built to select orders that may be at risk varying by price, brand and previous issues with similar sales. Orders may also be selected for review if there are any issues or things that aspects to be reviewed in regards to the transactional details. Once the review and process is completed by our security team and the funds can securely be sent to you, they will be released to your Tradesy account."
so they can hold funds eternally if their "algorythm" selects something, anything. I believe there's no such algorythm, it's just an excuse.
Click to expand...

I agree. It's total BS. And after they finally decide to release funds to your Tradesy account it takes another 2-3 weeks (if you're lucky) for it to appear in Paypal or back account. It's getting more and more ridiculous.
 
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#10,211
I'm also waiting on a transfer that I did on Monday..My total of the two is $1700.00 usd. I think we should all complain to the BBB this is just nonsense. Why should they keep our money for so long. I waited over 10 days just to get it released in Tradesy, then another 15 or more days to paypal or bank account. Something is off.

When I started selling on Tradesy several years ago, your money would be released in 4 days in Tradesy and if you transferred to paypal or your bank, it was about 3 days.
 
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#10,212
Cismith said:
I’m in same boat. Something tells me things aren’t so great at tradesy. They owe me about $3000 right now. Has anyone gotten their money in the last week?
Click to expand...

yellowbernie said:
I'm also waiting on a transfer that I did on Monday..My total of the two is $1700.00 usd. I think we should all complain to the BBB this is just nonsense. Why should they keep our money for so long. I waited over 10 days just to get it released in Tradesy, then another 15 or more days to paypal or bank account. Something is off.

When I started selling on Tradesy several years ago, your money would be released in 4 days in Tradesy and if you transferred to paypal or your bank, it was about 3 days.
Click to expand...
End of quarter, I guess. They need to look good on paper and are trying to roll all June payments to July. the same happened in Dec 2017, transfer time increased, but now it's worst ever. Meaning more cash problems, plus Tracy's costly divorce?
I just make sure I email them aka "contact business first". then if someone starts a class action I'll jump in.
 
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#10,213
Hmmm. Where are Tradesy's cheerleaders now?

Does anyone remember that when Tradesy started, new members (aka Tradesy employees/partners) would chime in telling how great they were? And if a problem was raised by someone, a Tradesy employee pretending to be another client would tell how they had a similar issue handled.

This situation reminds me of the Expedited Funds Availability Act passed by Congress when it was determined that
banks were withholding customers' funds longer than necessary, claiming that checks needed to clear.

Although different, the concept is similar in that Tradesy is withholding YOUR access to YOUR money. Whether the Federal Reserve would view Tradesy as acting as a bank or not, I don't know. (Paypal is required to release funds within acceptable timeframes.)

They have Contact information on the Federal Reserve website. I'd start there. I suspect that if the federal reserve gets involved with Tradesy, you'll get your money.
 
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#10,215
I haven’t sold anything on Tradesy since May 17...... Longest stretch of time ever not selling anything on there, and I’ve been selling on there since Tradesy started. I think Tradesy has had its day and has priced itself out of the market by raising commissions and having unfair pay out practices for sellers. Tradesy was my favorite market selling platform back in the day when the commission was reasonable and they respected their smalltime sellers, too bad they forgot us smalltime sellers who got them where they are today and now it seems they’re barely staying above water because of their greedy commissions increases and holding sellers money for an unreasonable amount of time.
 
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