Tradesy - Worst experience ever as a seller!
Using your earned money to make more money for themselves. It has been 26 days since my item was delivered to the customer on Tradesy and I still don't have a dime.
You would figure a company that charges 19% commission would encourage more selling. IT DOES NOT! I sold a Gucci bag in December and shipped the bag within 24 hours of the sale. It was delivered December 29th.
At which point Tradesy put a hold on the funds because I was a new seller (I had sold another item prior with less frustration, which is why I decided to use them again). I could deal with a short hold - Two weeks later the funds were available on the 11th of January. HERE is the main reason why I will never use Tradesy again (and you shouldn't either). They charge you another fee of 2.9% for what they call a "safe transfer fee" and then wait 7 Business days before they initiate the ACH transfer.
the money was mine on the 11th, even if it takes 3 days for ACH to my bank, which nowadays it does not. I should have had my money on the 15th.
Any company that holds your available earnings an additional 7 business days (so that they can earn interest on it, Im sure) is ripping it's sellers off! If you don't mind paying high fees and waiting a month after the sale for your money, then go ahead and use them, but if your like me and wants their money in a fair and timely manner looks elsewhere.
Reason of review: Order processing issue.
Monetary Loss: $970.
Preferred solution: Let the company propose a solution.
Tradesy Cons: Unethical hold times.
Thank You for Your Reply! We are processing your message.
Comments
Please avoid publishing any personal information and promotional content
Tradsey is about to go out of business...the reason why they just don't care anymore! Tradsey close my account after I refuse to ship a fur coat until they signed a promissory note to pay me within X-days and to examine the fur before shipping as I would not accept any returns within one or more weeks so the fur can be enjoyed for a special occasion before returning.
The question every seller must ask... will you be harmed by giving away your merchandise for free?