Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
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I'm still waiting for a response email clarifying the policy and my closet will remain on vacation hold until I get one. Maybe the group meeting was to discuss how to deal with the fallout of the policy. 
Will post if I get anything. I have about $700 outstanding that they owe me right now.
Will post if I get anything. I have about $700 outstanding that they owe me right now.
Or maybe they are just dodging everyone while they drain the company dry.I'm still waiting for a response email clarifying the policy and my closet will remain on vacation hold until I get one. Maybe the group meeting was to discuss how to deal with the fallout of the policy.
Will post if I get anything. I have about $700 outstanding that they owe me right now.
I got response "we understand you concern, blah-blah. we'll share your feedback with return department".I'm still waiting for a response email clarifying the policy and my closet will remain on vacation hold until I get one. Maybe the group meeting was to discuss how to deal with the fallout of the policy.
Will post if I get anything. I have about $700 outstanding that they owe me right now.
no I just stated that I can argue with their recommended price and I can win every single case. they have their reference (probably) but I have mine, lots of it (eBay, RealReal, Poshmark, Fashionphile etc).
My point is that I'm not following their ridic rules, these ambiguous rules are semi-legal from the beginning, then they can change them any time without letting us know.
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Wow! I don't blame you for being worried. $25K is a lot of money to have held.
I would think that it's illegal for them to withhold your money on items you've sold and for which they've received the funds.
The problem is that if they claim bankruptcy, you and your $25K are going to be way down on the list of creditors who get paid.
I'd go to their social media:
Tradesy (@tradesy) | Twitter
and
Tradesy - Home | Facebook
Although the BBB doesn't have power to make a company do the right thing, the negative publicity or lack of response to an issue can impact their willingness to ignore or reply.
It appears they (at least sometimes) respond to BBB complaints:
https://www.bbb.org/us/ca/santa-monica/profile/online-retailer/tradesycom-1216-1002663/complaints
I would also think that if Tradesy is taking control of money and withholding and/or deciding when to release it, they are acting as a sort of bank and the banking commission has rules regarding the release of withheld funds. (Even if Tradesy's TOS give them "the right," they don't ***** federal and state laws.)
Believe it or not, they’re hiring!
Problem with FV is using their own data pints isn’t enough. It’s standard practice in finance that for illiquid instruments with no readily prices available, the Federal Reserve Bank asks for at least 3 verifiable sources, banks as owners have to call their own competitors for this purpose. It’s standard practice by now after 2008. Tradesy is trying to reinvent the wheel which will end badly. They should just get rid of return policy and be like everyone else TRR, eBay, VC etc.
Also they should ask themselves if they’re a data science company or a consignor? They have and can continue to collect data, which brands and how much and locations. That’s a goldmine compared to running a labor intensive low margin biz of reselling. Their revised return policy favors the latter. FB is selling data, couldn’t careless if ppl make friends/enemies and whatnots.
PS once up a time they had a policy for pro sellers maintaining a low overall rate of returns. Clearly that’s gone out the window. Can’t keep returning items, allow them to be relisted and at same time, low to no returns. Multi competing interests
Problem with FV is using their own data pints isn’t enough. It’s standard practice in finance that for illiquid instruments with no readily prices available, the Federal Reserve Bank asks for at least 3 verifiable sources, banks as owners have to call their own competitors for this purpose. It’s standard practice by now after 2008. Tradesy is trying to reinvent the wheel which will end badly. They should just get rid of return policy and be like everyone else TRR, eBay, VC etc.
Also they should ask themselves if they’re a data science company or a consignor? They have and can continue to collect data, which brands and how much and locations. That’s a goldmine compared to running a labor intensive low margin biz of reselling. Their revised return policy favors the latter. FB is selling data, couldn’t careless if ppl make friends/enemies and whatnots.
PS once up a time they had a policy for pro sellers maintaining a low overall rate of returns. Clearly that’s gone out the window. Can’t keep returning items, allow them to be relisted and at same time, low to no returns. Multi competing interests
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nailed it. and their ave price is based on selection that includes Tradesy's closets, sometimes items there are selling for 40-50% from seller's price which was already reasonably below retail. otherwise who would buy it in the first place and return).
so that's my point, I'll argue and win every single case about their wrong "recommended price".
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I sold a bag for $95 that was returned. They have it in their closet for $135. If they end up returning that to me for price, I'll wonder how they could justify it since they priced it higher than I did.
I've heard it could be after months, so I thought possibly the buyer returned it within the 4 days and then after they decided they couldn't sell it, they would use that excuse.
I've got a paypal transfer that hasn't hit yet. Today is a week, which it usually takes. If it doesn't hit by Monday, I'm putting my closet on vacation.
for me it usually takes at least 2 weeks, but I don't use PP on Tradesy