If you are looking into selling your fashion items, you might have heard of Tradesy. You’re wondering if this side-hustle is for you, so you’ve started looking up Tradesy reviews. Before you list and sell your items on Tradesy, you’ll want to know a couple of things first. You’ll want to know how it works, the pros and cons of using it, and if there are better options available to you.
This Tradesy review will answer everything you need to know, so you can decide if the Tradesy side-hustle is for you.
How Does Tradesy Work?
Tradesy has both an app and a website that allow you to sell secondhand women’s high-end fashion. That includes designer clothing, bags, shoes, accessories, and anything wedding-related.
To sell your item, all you have to do is list it. Then, once it is sold, you will need to ship it to the buyer. Keep in mind that buyers may reach out with questions, and you are responsible for responding promptly.
To ship the item, you’ll have three options:
- Shipping kit
- Prepaid shipping label
- Ship it yourself
For more details on each of these shipping methods, click here.
Once you have received your earnings, you can either use them to make purchases on Tradesy or transfer them to your PayPal, debit card, or bank account.
You can sign up either through their app or through the Tradesy website.
The Pros Of Selling On Tradesy
Now you know how Tradesy works. It’s important also to know the pros of selling on Tradesy.
The Tradesy App
The Tradesy app has a clean design that is easy to use. All you have to do is click “sell” at the bottom, and the Tradesy app will walk you through the listing process. Additionally, you will be asked to choose what category your item is in, which will make it easier for potential buyers to find your listing.
The Listing Features
With Tradesy, the listing process is easy. You can list as much information as you need to, and Tradesy allows you to take plenty of photos.
Additionally, they also offer you a suggested price for your item if you can’t figure out how to price it yourself. You can also opt-in for “smart pricing” where Tradesy will adjust your price based on buyer demand, which is meant to help you sell your items quicker.
They’ll even photoshop the background of your primary photo so that it’s a plain white background displayed to others.
Another neat feature is that if you purchase an item on Tradesy and don’t like it, you can resell it by clicking the “relist” option. It makes reselling any unwanted items extremely convenient.
As stated previously, you have three shipping options. This gives you more versatility in how you choose to complete the sale and how you want to price based on your costs.
One of those options is the prepaid label. This option requires you to pay $10.50, but this gives you the opportunity to ship in any box you’d like as long as it is under 10 pounds. If you plan to ship larger items, this might be more cost-effective than sending it yourself and having to pay $50 or $60 for the same item.
Before you decide to go with the prepaid label, check if you can ship the item cheaper yourself. If you can’t, go with the prepaid label or shipping kit.
If you decide to go with the prepaid label, make sure to get a receipt when you leave it at the post office. If your item gets lost or is not delivered, as long as you have that receipt, Tradesy will insure you.
Another feature you can utilize is Tradesy sales. If you choose to opt-in for this, Tradesy will decide when to put your item on sale. When they do this, it will be marked down according to the percentage you dictate. By opting into this, you can increase your sales because more people will see your items and think they are getting a great deal.
The Cons Of Selling On Tradesy
Before making the jump to making Tradesy your side-hustle, you’ll strongly want to consider the cons. There are quite a few, and many of the Tradesy reviews by sellers are not in favor of Tradesy.
High Commission Fees
One of the most significant cons of Tradesy, and a common complaint from those who review the website and app, is that the commission fees are too high. If you sell an item for $50 or less, Tradesy keeps $7.50 of that. If you sell your item for more than $50, they will take 19.8% of that sale. As if that wasn’t already a large percentage, they also take an additional 2.9% from you if you decide to transfer that money to your bank account instead of respending it in their store!
This is a major deterrent to sellers. As a result, many choose to sell their items on other platforms to keep more of their money.
If you decide you sell on Tradesy, take these fees into account when listing your item.
However, if you end up having to list the item at a significantly higher price to cover your costs, it’s going to be a lot harder to find a buyer who will buy your secondhand bag when they can get a new one for only slightly more.
Long Payout Time
Another major con is how long it takes to receive your payment. Once you have shipped your merchandise and the buyer has received it, they have four days to return it. From there, if they return it, it can take up to 21 days for Tradesy to inspect it and decide if the return is valid or not. That means it can take from 4 to 21 days for you to receive your earnings.
Even when you receive your earnings, those are earnings that you can use to buy items at Tradesy. If you want to transfer them to your bank account, PayPal, or debit card, that will take another 7-10 business days. And remember, they also charge you a fee for choosing to transfer your funds.
For many, the amount of time it takes to finally get their money is a big enough reason to not sell on Tradesy.
Blocked User Accounts
Some Tradesy reviews have been about users complaining that their accounts are being shut down without reason or warning. If your funds were still in your account while this happened, you’d lose money. If there were quality customer service to help you, it wouldn’t be an issue, but there isn’t, and that brings me to my next point.
Customer Service Is Lacking
Tradesy customer service is subpar. Many have complained that the customer service is slow to respond, and sometimes won’t respond at all. Usually, that’s the case concerning closed accounts. And if you want any answer at all, you may end up stuck on the phone for hours to resolve your complaint.
What is even more unsettling is that there isn’t any “Contact” section of their website. There is only a help center to answer frequently asked questions. If you want access to Tradesy’s contact information, you have to google it because they don’t willingly provide it to you on their website.
While you could still use Tradesy to sell your clothes or handbags, I wouldn’t recommend it considering you may have better options.
One of those options is Poshmark. On Poshmark, you’ll end up getting to keep more of your money in your pocket, and you’ll receive your earnings sooner. That’s because Poshmark only allows buyers three days to accept the item, and after that, Poshmark automatically releases your funds to you.
You could also use eBay, which charges around half of what Tradesy charges in commission fees.
Is Tradesy Legit?
Tradesy is legit, but it doesn’t mean it’s worth it. The only way I can advocate for Tradesy being worth it is if you aren’t having luck selling your item(s) on other platforms. Tradesy offers an authenticity guarantee and claims to use advanced technology to check for that. And that might be enough to incline buyers to want to shop on Tradesy over other platforms. However, many buyers have complained about receiving knock-offs, so clearly, Tradesy is not holding up its end of the bargain. The way the company has been dealing with that is allowing for returns.
As more and more buyers begin to realize that Tradesy cannot truly guarantee authenticity, they may start shopping elsewhere for their designer fashion items. Many of them already have. So before you list on Tradesy, try one of the other options available to you.
If you really cannot sell your item, then you can give Tradesy a shot.
Wrapping Up: Selling On Tradesy
Now you know what you need to know to make an informed decision about using Tradesy as a side-hustle. The reality is that you can use other websites and apps to sell your designer items while getting to keep more money in your pocket. However, since Tradesy focuses on high-end fashion, it’s good to know that it exists just in case you are having trouble selling your items elsewhere. If you’re trying to make the most out of your side-hustle, it’s essential to consider the costs involved. Now, it’s time for you to make some money!