PLEASE DO NOT SELL YOUR LUXURY ITEMS ON TRADESY!!! And if you do, use caution!!!
I recently posted my louboutins for sale for “fair market value”. Meaning, I looked up previous sales of the same exact shoe I wanted to sell. A seller had posted the same pair (in a different size) for $750 which sold on Tradesy. Another seller posted the same pair and the same size for $962 and sold on Tradesy!!! Again, another exact pair (different size) was sold for $898 on Tradesy. So, because my shoes were practically brand new, I decided to sell for almost a lower amount that the other shoes sold for.... thinking that $740 was reasonable and fair, right? Well...
I shipped my shoes and was going to get a cash out of around $576 by the end of August with Tradesy keeping 19.8% of the final selling fee plus an additional 2.9% transfer fee to deposit the $740 listing price into my bank account (740 listing price +10.50 for shipping that the buyer pays - 19.8% sellers fee - 2.9% transfer fee = $576.27 for me to keep). Ok I said... $576 ($740 + Tradesy shipping fee for the buyer) is a great deal for both the buyer and seller. Buyer gets practically brand new shoes and pays less than what I did. Mind you, I wore them once for a couple of hours basically sitting down the whole time, has very minimal scuffs on the red sole (everything was disclosed in the description with lots of photos... their email shown below also states that my description of the shoes are accurate) so $576 is fair (we all know sellers always get the short end of the stick in terms of getting a good portion of your money back on items). I was fine with the amount I was getting until today when everything changed...
I received an email from Tradesy stating that the buyer is returning the shoes and Tradesy cannot keep the shoes per their return policy because... they “cannot validate the fair market value”
Really??? You can not validate a fair market value on a pair of the same exact shoes you sold for $750, $898 AND $962 on your OWN website? Makes so sense!!! I am completely baffled by it. They not only wasted my time, they took away the chance for others, who were interested in my shoes on other selling platforms, to purchase!!!!
Never again will I ever sell on Tradesy.
I am so pissed that I have taken down every single item I have listed on Tradesy (over $5k. worth). They will never have and make money off my sales and I will never make a purchase with them, ever.
Sellers please steer clear from incompetent Tradesy or use extreme caution when selling your luxury items.
On the plus side, I’ve had no problems with Poshmark and
eBay so I will continue to list my items there.
Photos below for proof:
This was the email they sent me:
These are the shoes I sold which are now being returned back to me because they couldn’t “validate a fair market value” (bull)
These were my earnings:
These were the shoes that sold for $750

These are the ones that sold for $962!!
These sold for $898
As you can see, my listing was
below fair market value!
I have been trying to contact them via phone and email all day to no avail. At this point, I don’t care about the money (I just hope the buyer is trustworthy and didn’t wear my shoes and damage it before returning them).
It’s all about the principle of it all. They cannot state that they can’t validate a fair market value when they themselves had listings on their own website that sold for more money than what I had sold the exact same item for. I have contacted my attorney and he said that I could and have every right to file a lawsuit against them because of the proof I have compiled.
Sellers: just do yourselves a favor and stay away from Tradesy. They’re already under scrutiny for violating several federal, state and local laws!!!!