If you sell on Tradesy (often compared to Poshmark), you'll want to pull your low-cost listings before Wednesday. The fashion marketplace is changing its selling fees effective May 10th.
The company is instituting a minimum a flat-rate commission fee of $7.50 for all items sold for $50 or less and is requiring a minimum selling price of $10.
A reader who did the math said that in her case, $30 was the break-even point with the new fees - anything selling for under $30 would end up costing her more than she made. (Note that $7.50 for a $30 sale equals a 25% commission.)
It seems Tradesy only want luxury items, the reader said. "eBay doesn't want the little seller; Amazon doesn't want us. Where are we to go?"
A spokesperson confirmed the new fee structure. She would not disclose what percentage of items sold through Tradesy were priced under $50, but told EcommerceBytes it comprised "a very small percentage."
The new policy comes after a 66% commission fee increase in mid-November to 14.9%.
Here's the letter Tradesy sent users this week:
Thank you so much for being a valued part of the Tradesy community. We’re writing to tell you about our new minimum commission policy.
Starting at 12 AM PDT on May 10th, 2017, all sold items less than $50 will incur a flat commission fee of $7.50. Sold items more than $50 will remain at our existing 14.9% commission rate. This change will not affect any sales prior to May 10th.
As a result, Tradesy will now require a minimum selling price of $10 for all new listings. Please note, any listings you currently have under $10 will remain at our existing commission rate and will not be impacted by the $7.50 minimum commission fee.
This change will allow our fully dedicated Selling Team to bring you new benefits to help you earn faster, including:
- Listing suggestions so that your items appear in search results and are easier to purchase
- Insights to help you understand how often shoppers see your listings - plus tips on improving your sales
- Selling experience improvements to give you better listings, faster - and with less work
- App upgrades so you can effortlessly manage sales and buyer communications, plus see your earnings breakdown right from your mobile device
It will also allow us to continue bringing you the services you’ve come to know and love on lower-priced items, including friendly phone and email support, plus expert image cleaning to increase sales by up to 25%.
Questions? Feel free to reply to this email and we'd be happy to help.
Where's the best place to sell new, used, and vintage clothing online? Let us know!