Bonanza just announced a new set of fees rolling out on May 1st. Firstly, a minimum 11% fee on all transactions. Secondly, a fee of $.03 per listing per month will be applied to stores with over 50 listings, capped at a maximum of $20 per month.
I’m a seller who uses Bonanza mainly to back up my eBay listings. I do not rely on Bonanza for most of my sales. I don’t think it’ll be worth it to keep my several hundred listings on the site for $20/month, and will probably remove most of them to stay under the 50 limit.
The charitable part of me is glad that Bonanza is trying to grow, and knows their fees are still less than a lot of other platforms. The less charitable part of me feels like this is yet another bungled attempt to put the cart before the horse and roll out higher fees before they improve anything about the site, just like eBay does (and if you were here when they tried to charge $2 per shipping label as a punishment for not buying the label through the site, you know what I mean). I think this will likely cause many sellers to delete most of their listings or outright leave the site.
Then again, maybe I’m out of touch with how most sellers use this site. So I’m curious, what are your plans moving forward, with these new fees in mind?
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Kulamoa Reputation: 72 See Kulamoa's booth |
Adding listing fees for a site with so little traffic—that’s the nail in the coffin. I always assumed Bonanza was sticking around because they are still making money getting new sellers to pay extra for all those “terrific” services they offer that do nothing to help them sell more.
They are claiming even with the changes, Bonanza remains one of the most affordable online marketplaces, but what they don’t say is they remain one of the lowest selling online marketplaces.
We will be deleting the bulk of our listings too. Sad, because sellers aren’t going to be adding any new products to their booths if they have to pay listing fees and get zero sales here. No new merchandise being added to the site means buyers aren’t going to even look here any more. Even more so than now.
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ToysofAnotherTime Reputation: 36 See ToysofAnotherTime's booth |
Deleting all but 49 listings.
Setting the “Choose your advertising level” to 0%.
49 listings, FVF 11% with 0 views.
No sales for them now.
Fine by me.
They did this to themselves.
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Thank_You_Cards Reputation: 227 See Thank_You_Cards' booth |
3 Comments
Yep, I’ll be reserving most of my items as well. I have about 650 in each of my booths. The main reason I joined Bonanza was because it was “free to list and you only paid if you sold”. Seems that original business model has ended. So my time here may be ending as well. Sad, I’ve been here since 2009.
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MommyOf2QTsLipWorks Reputation: 31 See MommyOf2QTsLipWorks' booth |
no way am i paying 11% and a 3 cents per listing on a site I get no sales on. Im removing everything and closinG my account. Again another stupid change that only benefits bonanza so tired of it!!!!!!
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Elizavella_Designs Reputation: 124 See Elizavella_Designs' booth |
4 Comments
I still cannot believe no one from Bonanza has responded to any of the questions or concerns on here from long time sellers. I halfway understand the weekend, but it has been 2 business days.
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GravityVideo Reputation: 165 See GravityVideo's booth |
5 Comments
The easiest business decision I’ve had to make this difficult year so far.
Two stores will be gone.
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LillianThomas Reputation: 12 See LillianThomas' booth |
I have not received the email from Bonanza, which concerns me. I’ve been a seller here for years. For a while I got a sale or two a month … now I am lucky if I have 2 – 3 sales in a YEAR. Obviously that is not cost efficient to keep a store open at the rate of $20 a month … especially when I do get sales from other sites.
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birdhousebooks Reputation: 30 See birdhousebooks' booth |
3 Comments
i received the email too, but we can’t find any mention of it on Bonanza.com…
might be an email scam… maybe wait a few days to see if Bonanza officially announces it in the seller Blog or directly on the website, or debunks it as a scam message
if it is true, yikes….
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Fortress_Lemonade Reputation: 65 See Fortress_Lemonade's booth |
10 Comments
What first comes to my mind is that they should give more notice. I think that would have been the fair thing to do.
Secondly what comes to mind is that I have no idea where this letter is. I have not been able to find it and it is not in my email either. Can someone please do a copy and paste into a post so that I can read it.
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EmpressDepot Reputation: 7307 See EmpressDepot's booth |
7 Comments
Sounds like Bonanza may not survive this. Unfortunately, if they cannot sell my items with party city closed now, I have no hope that anything will change. Several questions I have asked over the last few days have resulted in nonsense answers from what I can only guess is a bot named “Keith” because a real person would have some pertinent answer. They cannot seem to fix the simplest of issues at this point.
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MardiGrasMasksBeads Reputation: 99 See MardiGrasMasksBeads' booth |
Bonanza, It’s gonna hurt with that mass exodus of sellers. Live and learn.
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Lonestarthrifter Reputation: 22 See Lonestarthrifter's booth |
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7 Comments