It's a bad week for some niche online sellers. First eBay revealed it's set to hike fees
on its Half.com marketplace (books, DVDs,...), giving sellers only 4 weeks to prepare for some very significant increases - right at the busy holiday shopping season.
Later in the day, fashion sellers received the news that Tradesy is raising its commission fees
as well. Unlike eBay, it gave some explanation of why it was making the move. But it only gave sellers 2 weeks notice.
If you're not familiar with Tradesy, it is a self-described "buy-and-sell marketplace for fashion, built by and for women. Millions of stylish members use Tradesy to sell straight from their closets, and to save up to 90% on pre-owned bags, shoes, clothing, and more, from top designers."
The commission fees are going from 9% to 14.9%, a 66% increase.
Starting on December 1, 2016, Tradesy's commission rate will be adjusted to 14.9%. For sellers who choose to withdraw funds from their account, our low 2.9% safe transfer fee will not increase.
This change will support the development of new and exciting benefits to help you sell faster than ever, like:
- Tradesy-funded advertising to promote your listings across the Internet
- Improved search and filters to let more buyers find your closet
- Upgrades to make listing even faster on iOS and Android apps
- Closet and listing analytics with tips to maximize your sales
The higher Tradesy fees take effect on December 1, 2016. Thanks to the tipsters for today's scoops.