Anyone Ever Buy and/or Sell on Tradesy?

[BeenBurned]

Then I got their email that they are now charging tax. I figure people got their orders in before this change. Too bad, I think the sales tax issue brought a lot of traffic for individual resellers. CA sales tax is 10%, so buying off Tradesy was a 10% discount on tax alone last year.

Just a clarification: Tradesy isn't charging tax. They are collecting it because your state demanded it and they're forwarding the taxes to your state. (Amazon and ebay have been collecting sales tax on my purchases for well over a year because my state was one of the first to get smart and demand it.

Although all states with sales tax have a line on their state tax return that requires us to pay taxes on out of state or online purchases, few people were doing it. So now, we can't cheat on our taxes.

(My state also requires Paypal to send a 1099 for ALL payments received regardless of the number of transaction or the total dollar amount. So every cent has to be claims on my taxes.)

 

[whateve]

I don't think Tradesy's commissions were 9% two or 3 years ago. That must have been more like 6 years ago. I've been selling on Tradesy since 2015- they had higher commissions than ebay's 15% the entire time that I have sold on Tradesy.
But as you say, back then - Tradesy handled returns which was HUGE. And commissions have gone up.

I've been selling since 2015. When I first started it was 9%. I don't know when it changed, but it was after that.

 

[Michelle1x]

[

I made several large purchases before Tradesy started to charge the appropriate "tax"
& to be rather candid I would have thought twice about the purchase. i might have even asked the
seller for an incentive to make the purchase explaining how the tax adds an additional %, but I didn't have to
The addition of tax can make one think twice, IYKWIM

If you are also a seller of any magnitude, eBay is encouraging their sellers to register with reseller licenses to avoid paying tax. I haven't done it, but I would if I were a full time seller.

 

[BeenBurned]

[

If you are also a seller of any magnitude, eBay is encouraging their sellers to register with reseller licenses to avoid paying tax. I haven't done it, but I would if I were a full time seller.

I think you're confused.

When making purchases, online sites are collecting sales taxes from buyers because those buyers have a liability to their states to pay those taxes.

As a seller, having a reseller license only means that when you make purchases, you don't pay a sales tax at the time of purchase. However you're still liable for income taxes on your sales.

 

[CeeJay]

I think you're confused.

When making purchases, online sites are collecting sales taxes from buyers because those buyers have a liability to their states to pay those taxes.

As a seller, having a reseller license only means that when you make purchases, you don't pay a sales tax at the time of purchase. However you're still liable for income taxes on your sales.

CORRECT-A-MUNDO!!! The Resellers Tax ID is used when the buyer plans to re-sell the item and as such, does not want to pay the Sales Tax to their state because the plan is to .. later on, resell it and at that point, the tax would be collected.

 

[Michelle1x]

OK - guys - this conversation was originally directed at me, because I misstated and used the term "charging" (as in "Tradesy is charging tax") - when I should have used the word "collected".

I really don't think anybody is confused about taxation here, reseller id's or whatnot. Ebay is pushing their reseller program right now, sending emails out, etc.

 

[Coco.lover]

Tradesy is TAKING longer and Longer to transfer funds to the bank. I honestly have stopped selling with them since I signed up for Poshmark about a month a go. But the day I was about to remove everything I had 3 sales. I'm so over them.

 

[Fullcloset]

So I am STILL waiting to get my money transferred into Paypal - 5 days. The bar on the manage payouts says - transfer status : compliance review. What is that? Anybody know? It is saying I should get my funds in 7 MORE days - already 5 days waiting for them to hit paypal and like 3 weeks waiting to be ABLE to request transfer to paypal because Tradesy wouldn't release them. - We are talking a whopping $150 here - from like 3 sales. Compliance review my arse.

 

[Coco.lover]

Mine is a whooping $175 that was supposed to be in my account 02/12. When I called today they gave me a whole we verify and make sure speech. I was pissed, and I told them after I get this money and I still have another $350 waiting until 02/21 I will cancel my account, because they hold on to money for very long the lady had the nerve to tell me "we a are huge and growing company, and if you do not want to be with us in our growth that is your decision and loss" I just want my money and I am done with them.

So I am STILL waiting to get my money transferred into Paypal - 5 days. The bar on the manage payouts says - transfer status : compliance review. What is that? Anybody know? It is saying I should get my funds in 7 MORE days - already 5 days waiting for them to hit paypal and like 3 weeks waiting to be ABLE to request transfer to paypal because Tradesy wouldn't release them. - We are talking a whopping $150 here - from like 3 sales. Compliance review my arse.

 

[GemsBerry]

I wonder why images are cleaned within hours now? it used to take days, even weeks sometimes. It looks like Tradesy hired too many cleaners, too many of everybody, but there's a lack of buyers and now, even lack of sellers, so any new listing is cleaned momentarily. Of course, who wants to send your carefully described and packaged items to get it it tossed back to you in one month with notification "your items are being returned to you" without any reason. While you are waiting eternally on payouts.
The site is only feasible for selling non-returnable items below $50. Poor management killed all luxury segment in it, now it's Thredup kind of site.

 

[sanamarina]

I wonder why images are cleaned within hours now? it used to take days, even weeks sometimes. It looks like Tradesy hired too many cleaners, too many of everybody, but there's a lack of buyers and now, even lack of sellers, so any new listing is cleaned momentarily. Of course, who wants to send your carefully described and packaged items to get it it tossed back to you in one month with notification "your items are being returned to you" without any reason. While you are waiting eternally on payouts.
The site is only feasible for selling non-returnable items below $50. Poor management killed all luxury segment in it, now it's Thredup kind of site.

I don’t think it’s as dramatic as described.
They remove Grey background faster because I’m sure over the years they improved the code that automatically does it for them. I program and this process can be automatic, unless there is a complex background that needs manual "cleaning". Second, as a seller I try to upload pics already without a Grey or any background, and from what I see most people use images from other websites, so images already have a white background.
Also regarding payouts, at least for me, for the last two months or so, Tradesy’s been rather consistent and the earnings are released on time.
I sell in a luxury segment and don’t think they killed anything. Sales are rather consistent. However, Tradesy has A LOT of competition: reseller platforms such as Mercari, the Realreal, Poshmark and online stores that have promos on a weekly basis, consumers has plenty of options to choose from and go for the cheapest. If you can’t offer them the cheapest price, then they will shop somewhere else.
In my opinion, Poshmark is the worst. If you want to sell there then you need to quit your daily job and spend all day sharing your listings, and then eventually if you get an offer, it will be a low baller.
I moved some of my inventory to Mercari and so far so good. They added an authentication process and authenticate your items for you for free, which helps a lot both buyers and sellers.

 

[GemsBerry]

I don’t think it’s as dramatic as described.
They remove Grey background faster because I’m sure over the years they improved the code that automatically does it for them. I program and this process can be automatic, unless there is a complex background that needs manual "cleaning". Second, as a seller I try to upload pics already without a Grey or any background, and from what I see most people use images from other websites, so images already have a white background.
Also regarding payouts, at least for me, for the last two months or so, Tradesy’s been rather consistent and the earnings are released on time.
I sell in a luxury segment and don’t think they killed anything. Sales are rather consistent. However, Tradesy has A LOT of competition: reseller platforms such as Mercari, the Realreal, Poshmark and online stores that have promos on a weekly basis, consumers has plenty of options to choose from and go for the cheapest. If you can’t offer them the cheapest price, then they will shop somewhere else.
In my opinion, Poshmark is the worst. If you want to sell there then you need to quit your daily job and spend all day sharing your listings, and then eventually if you get an offer, it will be a low baller.
I moved some of my inventory to Mercari and so far so good. They added an authentication process and authenticate your items for you for free, which helps a lot both buyers and sellers.

It's great to know someone still has consistent sales in luxury segment on Tradesy. Each time I come back from vacation there are changes. What I see now, no sales or requests for my luxury items. And as a buyer I don't see any new merchandise I'm interested in. I can find listing but they were like sold 1-2 yrs ago.

 

[GemsBerry]

but are old members still selling something? I don't even see any activity on this forum, like all old familiar sellers abandoned it. I'm not asking newly registered Tradesy cheerleaders.
I sold one item for $59 and it's being returned to me. what a joke.

 

[whateve]

but are old members still selling something? I don't even see any activity on this forum, like all old familiar sellers abandoned it. I'm not asking newly registered Tradesy cheerleaders.
I sold one item for $59 and it's being returned to me. what a joke.

I'm still selling there. I just made 2 sales over the weekend. I've been paid for all my previous sales. Tradesy accounts for about 1/3 of my sales but probably not 1/3 of the money. I think I sell more expensive items on ebay.

 

[onlyk]

but are old members still selling something? I don't even see any activity on this forum, like all old familiar sellers abandoned it. I'm not asking newly registered Tradesy cheerleaders.
I sold one item for $59 and it's being returned to me. what a joke.

You kidding! someone even returns a $59 item? why? any reason for the return?