REA Marketplace Open

raulus · #1 04-30-2025, 04:13 PM

Quote:

Originally Posted by BobbyStrawberry

They take a cut of the sales don't they?

Yes, although if you ask for your items back, then they obviously didn't sell.

Really a question of whether there should be a handling fee associated with the work that REA is doing to list your items and maintain the platform for stuff that doesn't sell, or whether REA should just eat those costs.

Or better yet, they could always shift those costs by bumping up the fee that they charge on items that do sell to cover any cost of their work on items that don't sell. Although consignors who are actually selling stuff through the marketplace would probably feel like they shouldn't be subsidizing the freeloaders whose stuff isn't selling.

I think the whole purpose of the $5 fee is just to keep people from sending in lots of stuff, asking for the moon for it and then turning around and pulling it right back out when it doesn't sell. In that case, REA has real costs to provide that service, but little or no opportunity to get paid for it.

BobbyStrawberry · #2 04-30-2025, 04:19 PM

Quote:

Originally Posted by raulus

Yes, although if you ask for your items back, then they obviously didn't sell.

Really a question of whether there should be a handling fee associated with the work that REA is doing to list your items and maintain the platform for stuff that doesn't sell, or whether REA should just eat those costs.

Or better yet, they could always shift those costs by bumping up the fee that they charge on items that do sell to cover any cost of their work on items that don't sell. Although consignors who are actually selling stuff through the marketplace would probably feel like they shouldn't be subsidizing the freeloaders whose stuff isn't selling.

I think the whole purpose of the $5 fee is just to keep people from sending in lots of stuff, asking for the moon for it and then turning around and pulling it right back out when it doesn't sell. In that case, REA has real costs to provide that service, but little or no opportunity to get paid for it.

That's certainly a fair assessment. Right now are they letting anyone put anything up for any price, or do they have some restrictions? (I see that it has to be graded cards)

philliesfan · #3 04-30-2025, 04:26 PM

Besides graded, the minimum value is $100.00 and must be on a minimum of 30 days.

BobbyStrawberry · #4 04-30-2025, 04:30 PM

Quote:

Originally Posted by philliesfan

Besides graded, the minimum value is $100.00 and must be on a minimum of 30 days.

Thanks Bob. I suppose that cuts down on the junk submissions.

jayshum · #5 04-30-2025, 04:34 PM

So the $5 charge is just a listing fee if the item doesn't sell and you decide to get it back from them. Seems reasonable to cover their expenses for listing it. Does eBay still have a listing fee? I haven't sold anything there in a long time.

ajjohnsonsoxfan · #6 04-30-2025, 09:24 PM

Quote:

Originally Posted by jayshum

So the $5 charge is just a listing fee if the item doesn't sell and you decide to get it back from them. Seems reasonable to cover their expenses for listing it. Does eBay still have a listing fee? I haven't sold anything there in a long time.

That was my first impression as well. $5?! Seems very inexpensive.

raulus · #7 04-30-2025, 04:29 PM

Quote:

Originally Posted by BobbyStrawberry

That's certainly a fair assessment. Right now are they letting anyone put anything up for any price, or do they have some restrictions? (I see that it has to be graded cards)

My understanding is that they reserve the right to decline stuff that is massively overpriced. At least, that's what they told me when I called to chat with them about adding some of my stuff to the marketplace.

Although that's always going to be a judgment call, and it's not clear to me how aggressively they've applied that screen so far.

Some might argue that some of the existing items are generously priced (including some of my stuff that is currently on the marketplace), but certainly not all of them.

I suspect they were just wanting to avoid complete and utter nonsense that would make the whole enterprise look like a waste of time, like someone asking $500k for an 87T McGwire in PSA 8 or something.

BobbyStrawberry · #8 04-30-2025, 04:34 PM

Quote:

Originally Posted by raulus

My understanding is that they reserve the right to decline stuff that is massively overpriced. At least, that's what they told me when I called to chat with them about adding some of my stuff to the marketplace.

Although that's always going to be a judgment call, and it's not clear to me how aggressively they've applied that screen so far.

Some might argue that some of the existing items are generously priced (including some of my stuff that is currently on the marketplace), but certainly not all of them.

I suspect they were just wanting to avoid complete and utter nonsense that would make the whole enterprise look like a waste of time, like someone asking $500k for an 87T McGwire in PSA 8 or something.

I've noticed most items appear to me to be overpriced. A few of them I swear were on eBay very recently for lower (but still too high) prices and seem to have been moved over...

raulus · #9 04-30-2025, 04:43 PM

Quote:

Originally Posted by BobbyStrawberry

I've noticed most items appear to me to be overpriced. A few of them I swear were on eBay very recently for lower (but still too high) prices and seem to have been moved over...

No doubt, there's always the risk of becoming the new and improved eBay museum.

I suspect REA would prefer to avoid that whenever possible, but to some extent it might be challenging to completely avoid it, simply because the format lends itself to sellers asking for generous prices, and buyers not feeling any urgency to pay those prices without some trigger, like an auction that is ending next week that would force them to actually decide how much they are willing to pay, or else risk losing the item to some other buyer.

3-2-count · #10 04-30-2025, 08:09 PM

If the listed price seems high to an interested party, simply make an offer.

That option is available. I currently have items listed on the Marketplace and have sold a couple as well having accepted the buyers lower offer.

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