Question: Does OfferUp Take A Percentage?

Does offer up take a fee?

Posting and browsing items on OfferUp is free, and buying items with cash is free for both sellers and buyers.

Certain transactions, like shipped items, may include service fees or shipping costs when the item is sold.

Starting with the fourth post each month, the seller pays a fee to list each vehicle..

Is LetGo better than OfferUp?

Both apps are a good place to buy and sell goods locally and are the best of the best for mobile marketplace apps. While LetGo is safer and the more popular app of the two, OfferUp is the better app in terms of customer service.

Can you get your money back on OfferUp?

You can request a refund from the delivered notification you received up to 2 days after you get the item. If you don’t get a response that solves the issue, you have 2 more days to let us know by filing a claim. After that time period expires, we’ll assume you’re happy with the item and complete the transaction.

Is buying through OfferUp shipping safe?

Shipped Items and Buyer Protection Claims When an item is paid for and shipped through OfferUp, the buyer may be protected if certain problems occur, but only if the transaction and payment were completed through OfferUp. Sellers are responsible for selling the item that was purchased as described in the post.

What is OfferUp service fee?

Sellers are required to pay a service fee when shipped items sell. The fee is either a minimum of $1.99, or 12.9% of the sale price.

Can you get scammed on OfferUp?

OfferUp car scams abound. Scammers often pose as trustworthy buyers or sellers of big price items like cars. And too often, people fall for their tricks. There are red flags to be on the lookout for when using sites like OfferUp and ways to avoid the stress of recovering and/or of coping with losing money.

Who pays for shipping on OfferUp?

Shipping fees vary by item and are paid by the buyer. You’ll see the specific price when you view item details, so you’ll know the total cost before you make your offer. Shipping fees are typically at a minimum of $5. The shipping cost is added to the final amount that you’re charged.

How do I accept payment on OfferUp?

If the buyer is satisfied with the item, they pay the seller directly. The standard way to accept in-person payment is cash. If someone asks you to take a check, cashier’s check, gift card, or payment through an app other than the OfferUp app, politely decline.

How does OfferUp make money?

OfferUp is a mobile-first C2C marketplace on which users can buy and sell items. … The business model of OfferUp is based on charging sellers a fee for every sale made and shipped through its platform. The company furthermore makes money through promotional listings and a dedicated program for car dealerships.

Why is offer up asking for Social Security?

If you have 200 or more transactions and sell over $20,000 worth of items in a calendar year using OfferUp Payments, you’ll be prompted in the OfferUp app to provide your full Social Security number for tax reporting purposes. You will also receive a 1099-K produced by Stripe.

Can you use PayPal on OfferUp?

When paying and getting items shipped through OfferUp’s system, you’ll be covered by OfferUp’s Buyer Protection program. … Avoid other app-based payments like Venmo and PayPal. Also avoid wire transfers such as Western Union or MoneyGram, or non-cash payments such as gift cards or personal/certified checks.

Is OfferUp a good place to sell?

Although the site is totally outdated, it’s still a decent place to sell things locally, especially furniture, but I prefer OfferUp for the speed and ease of posting ads. I can post an ad in less than one minute, and I can also see buyer ratings to help avoid doing business with shady people.

Can you trust Letgo?

Bottom Line. Whether you’re looking to get rid of some old stuff to make a little extra money on the side or want a certain item at a bargain, you should definitely check out Letgo. It’s easy to use, and it’s a reputable platform too. So clear out your home and make a bit of money in the process!

How much did offer up pay for Letgo?

OfferUp, founded in 2011 and ranked No. 8 on the GeekWire 200, also raised $120 million when it announced the Letgo deal in March. Total funding to date for OfferUp to $380 million.

What’s the best selling app?

The 7 Best Apps for Selling Stuff in 2020eBay: Best for Big-Ticket Items.Facebook Marketplace: Best for Reaching a Wider Audience.Nextdoor: Best for Local Sales.OfferUp: Best for Buyers.CPlus for Craigslist: Runner-Up, Best for Reaching a Wider Audience.Poshmark: Best for Selling Designer Items.Tradesy: Runner-Up, Best for Selling Designer Items.

Why is offer up charging me to post?

-based company aims to capitalize on the billions of dollars exchanged on the company’s platform. OfferUp already makes money by charging users to “bump” items, and selling advertising. It is also testing a mobile payments service, giving buyers the option to pay sellers through its app without exchanging cash.

Why was my item removed from OfferUp?

Sometimes an item on OfferUp gets removed because it doesn’t follow our guidelines. This may be because the way it was posted didn’t follow our posting rules. Possible issues include inaccurate photos or descriptions, duplicate listings, or including other content we don’t allow.

Does LetGo have fake buyers?

I know there’s fake buyers on LetGo, but it really seems like there’s sellers too. … I’ve only ever successfully bought one thing from LetGo, and the more I use it the more I think half of the listings aren’t even real.

Does 5 miles charge a fee?

5miles is free to use for both buyers and sellers. When users compare us to Craigslist and see how simple it is to list an item, how easy it is to contact sellers, and how safe it is to make a deal, they never look back to other platforms.

How do I purchase on OfferUp?

How to buy on OfferUpMeet in-person to purchase an item. Make offer.Purchase a shippable item. Make offer. Buy Now.Buying from Pro Sellers: Buy Now.