Is Tradesy a Scam? From a Seller’s Perspective
If you are looking to cash in on some of your old clothes and fashion items then Tradesy is one of your options. But is this place even worth your time? Or is Tradesy a scam that is going to leave you discouraged and disappointed?
In this short review I’ll be going over some important things that you should know about selling on Tradesy and ultimately whether or not I think its a good opportunity that you should be taking advantage of.
- Website: tradesy.com
- Type: Secondhand Buy/sell marketplace
- Legit?: Yes
Tradesy is very similar to Poshmark if you are familiar with this place. Basically its like an Ebay for the fashion world. On Tradesy you can post your clothes, bags, and other fashion items for sale.
Other individuals can buy your items and the transaction is conducted through Tradesy, which ensures that you will get paid.
They make it a simple process that anyone can easily do.
How It Works
1) List Your Item(s)
You can list just about any fashion item that you can think of that is in good condition. To do this it is simple. You will take some photos of it and upload them to Tradesy. You will give some details on the item(s). Then you will set a price, and Tradesy will suggest a price to you if you don’t know what to list it at.
2) Wait For Them To Sell
There is no telling how long it might take for your items to sell. I will get more into how you can increase your chances next.
3) Ship Your Item
Tradesy will actually send you a box and prepaid shipping label if you choose to. Of you can ship by doing it yourself.
4) Get Paid
You will not get paid instantly. Tradesy will hold onto the money that the buyer pays you for up to 21 days. This is for buyer protection. You can receive your earnings way before this but its up to the buyer to make sure they received what they bought. Tradesy says that most sellers receive their money in 4 days.
How Much Can You Make?
There is no good answer as to how much money you can make selling items on Tradesy.
According to a USA Today article, the average woman selling on tradesy makes $1,000 a year. I don’t know if there is any truth to this because I honestly feel like most people use this platform to just sell every once in a while, but that is what the founder of Tradesy claims.
This article also claims that one woman is making close to $1 million per year. Apparently she has a system where she gets items to sell from a network of friends and people she knows.
This just goes to show you that there is no telling how much you can make. It all depends on your situation. Most people don’t make much at all and only use Tradesy as a way to supplement their income.
Its also important to note that Tradesy will take $7.50 in commissions for each item that you sell that is under $50, and they will take 14.9% for all items sold over $50. Its a pretty high commission rate if you ask me but some people still find it worthwhile to sell on this platform.
On top of the commission fees that are taken out of your sale price, you will also be deducted fees for transferring your money.
How You Get Paid
Ok, so the money does not go straight into your bank account or anything like that. Instead, it will end up in your Tradesy account. And in order to transfer it to your PayPal account, to a debit card, or to your bank account, its going to cost you another 2.9% fee.
They tell you that this is to ensure a safe transaction but I don’t think it should cost that much.
Returns can be both good and bad. Its good for buyers that are not happy with what they received but bad for sellers that get returns from buyers for no good reason because they have to deal with the extra charges.
I have read complaints from sellers claiming that they have received returned items that appeared to be worn for some time and were in lesser state than they were shipped in. And unfortunately there is not much you can do about this because it would be complicated and difficult to prove that the buyer damaged the item.
Poshmark is a good alternative to Tradesy if you don’t want to deal with returns.
As I mentioned, it can take up to 21 days for you to get paid. So this means that the buyer could be walking around in that nice dress you sold them for 21 days before you even get your money. In this 21 days they can return the item no questions asked.
This is one of the main reasons that I found sellers are leaving Tradesy for other places.
Poshmark is also a better alternative when it comes to the time it takes to get payments.
Getting In Contact
Just like most sites that are similar to this, getting in contact with them if you have some sort of problem is a real pain. They are probably understaffed and just don’t have the man-power to keep up with everything. This is a complaint I have come across from both buyers and sellers.
The fees for selling here are pretty high. You get deducted Tradesy commissions along with payment transfer fees, which I covered above.
Final Thoughts & What I Recommend
Overall, Tradesy is definitely not a scam. This is a legitimate place where you can safely sell your old (but good) clothing an fashion items and make some decent money potentially.
This site is best used as a way to supplement your income. Everyone has clothes that they don’t wear and are still in good condition. This gives you a way to cash out on the opportunity rather than just leave them sitting around collecting dust.
But honestly, I think Poshmark might be the better way to go here. They are definitely worth checking out at the very least. And another decent route to go with would be Mercari, which is a similar buy/sell app.
Anyway, that is it for my review. I hope you enjoyed it and maybe learned thing or two. If you have any questions, comments, or concerns leave them below in the comment section below 🙂