They’re not going to offer you the market price. They need room for their own profit. Up front payment offers are going to always be below actual market price.
Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
- Start date
TPF may earn a commission from merchant affiliate
links, including eBay, Amazon, and others
yeah. You guys know any other market places that do buyout? I'm looking to sell my 20+ B/K bags....
REBAG does but I don’t know that their quotes will be any better than FP. If you’re willing to wait for the items to sell you can use the RealReal which pays 85% on Birkins and Kellys.
I had great luck with The Real Real. I initially had a brand new Kelly on Ann's Fabulous Finds and they were terrible --No communication, lack of service and the bag failed to sell after 3 months. I went to The Real Real and they were wonderful - great customer service, frequent updates and the bag sold in 2 days. It took a while for the bag to be listed and go though their authentication process but once it was up, it sold immediately.
So it happened. I sold a brand new bag with tags and Tradesy took the money from my account as a refund saying - can't determine market value - but I never got my bag back. It is apparently lost in transit. Morons running this show. I just went on permanent vacation. I am not letting a bunch of idiot 20 year olds who know nothing about market prices steal my merchandise AND my money. Not worth my time listing, packing and shipping only to wind up screwed. You think it can't or wont' happen to you - until it does. And believe me - if you continue to sell on this flea bitten platform - you will suffer the consequences. Seller beware.
SO here are the Tradesy investors. I'm going to contact each one and warm them to get their money out before they lose it all.
https://www.crunchbase.com/organization/tradesy
SO here are the Tradesy investors. I'm going to contact each one and warm them to get their money out before they lose it all.
https://www.crunchbase.com/organization/tradesy
So that means - any one who sells ANYTHING VINTAGE that these people can't get a clear market value on - will come back to the seller EVEN new with tags. That means - forget Tradesy. I tried putting my closet on a "permanent vacation" but the furthest date they will allow is the end of October. I think all us sellers should ban together against their new policy and put our closets on vacation until they come to their senses. 25% commissions between their mark up and their transfer fees - waiting a month to get paid - and then YOU still don't get paid so basically they force you to do all the work, take all the risk - move your product out of the market for at least a month - only to lose money and time at the end. MARKET VALUE fools - its what people will pay for a vintage item you can't BUY IN THE STORE ANYMORE. Too bad the stupid people running this operation never took an economics class in school.
I’m wondering how long Tradesy can hold out not charging sales tax. EBay just added an additional list of states it is collecting tax for with more to come, and posh is now collecting for all states. Another reason to shop at Tradesy (no sales tax compared to other sites) has to end soon.
If there's a small silver lining...there is an ongoing Tradesy sale on designer items. Their website has the codes.
I just noticed that my item is on sale. How does that work? Do I get less money if it sells or does Tradesy absorb the discount - I didn't approve the price and wondering if I should pull it off.
There is a sitewide coupon now. Tradesy absorbs that discount. The only time you have to pay for it is if you opted in to sales.
Thanks for the response. I don’t remember opting into sales when I listed it but as long as they absorb the cost, I’m fine!
Silver Lining? No. That just means buyers will buy more things they don't want because they see SALE and then return them and sellers will be out the item for over a month while Tradesy mails it back - the item will have gone through a bunch of hands and come back handled and worn - the seller will lose money for the sale and absorb the cost of the packing materials and Tradesy will slink back into its little fantasy world that MARKET VALUE is 80% BELOW anything a seller would have to sell the item at to make money after Tradesy pays itself and takes its transfer fees. Any item not available in a department store should sell for a premium since unique items can only be purchased from us small sellers online but Tradesy's idiot management staff place NO VALUE on vintage, uniqueness or one of a kind items. They only want mass marketed, luxury items you can actually walk into a department store and buy today - brand new. Those are the items it puts on sale because it knows it has to do better then Bloomingdales. And those are the buyer remorse items most likely to come back and be returned.
That's actually the worse policy they can have because state law requires both buyers and sellers to pay sales tax so all Tradesy's refusal to comply with the law does - is put the burden on the buyers and sellers to report their transactions on their tax documents. Buyers might get away with it but sellers won't since Tradesy now sends 1099 forms to everyone so eventually the states collecting sales tax will start to compare the 1099 "income" Tradesy reports and wonder where all the sales tax is and start estimating taxes against sellers and hitting them with penalties and everything else. Buyers could also get caught if they're audited. Platforms on the up and up that are properly collecting sales tax cover both buyers and sellers because the payments are incorporated right into the transaction and the platform is assuming the burden of forwarding it to the appropriate tax authority. Tradesy is run by hedge fund investors that know nothing about retail or fashion or shopping. All they care about is profit and they are starting to implement policies that kill sellers, discourage buyers and could cause legal trouble for anyone buyer or selling on their platform. Gee - what do you think the MARKET VALUE is for tax evasion?