just a question for the Community here
—> is it reasonable to prevent buyers from buying on Bonanza if the seller they want to buy from does not keep sufficient money in their bank account before the sale occurs to cover the Final Value fees?
CURRENT RULES
~~Please note- sellers, where any of the below are true – will have final value fees automatically charged to the card on file at the time a buyer places an order.
- Less than 5 completed sales
- 3 or less consecutive months of final value fees paid
- Most recent sale more than 60 days ago
The fee payment will be added to the billing statement as a credit and deducted from the outstanding balance at the beginning of the next month.
All other sellers will have their final value fees automatically charged to the card on file each time their final value fees reach $ 100.00. ~~
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Fortress_Lemonade Reputation: 77 See Fortress_Lemonade's booth |
1. Less than 5 completed sales – Good way to run off sellers.
2. 3 or less consecutive months of final value fees paid – So you have to not only get 5 completed sales, but you have to make them in 3 consecutive months?
3. Most recent sale more than 60 days ago – That’s probably a LOT of the non-catalog sellers on here.
4. All other sellers will have their final value fees automatically charged to the card on file each time their final value fees reach $ 100.00 is fine as long as it doesn’t block a sale from happening.
The way the system is setup, if the card will not charge then they cancel the order and send you an email telling you. Then they delete the card on file. Then it takes at least a half dozen tries to add a card on file which is nuts. Then reactivate your booth.
If Bonanza had their “Bonanza Payments” that Quincy talked about 2 years ago, then they could take it out of the sale like other marketplaces do. Since they spent all the money on Vercado and the pharmacy, if someone’s card doesn’t charge at billing time then pause their booth.
I understand that the owner has changed who the site caters to. He is trying to cater to large catalog sellers who dropship everything off aliexpress or other sites from china. The problem is, the site’s backbone was the sellers who helped build the site before he came along.
Just my 2¢ from someone it happened to TWICE. Just all really disappointing.
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GravityVideo Reputation: 181 See GravityVideo's booth |
I don’t fully understand but if the problem is broke sellers and lack of trust, then Bonanza should just take money from them upfront like they do for shipping or how the electric company does when you are a young broke kid with no history.
Problem solved.
If you are saying it is Bonanza fault for not trusting broke sellers. But I’m not really getting it.
But surely something should be fixed if broke sellers hurt buyers.
Sounds like FVF Deposits up front works for everyone and weeds out bum sellers.
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Thank_You_Cards Reputation: 248 See Thank_You_Cards' booth |
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