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The low-down on the latest marketplace apps out there

A number of new online marketplaces and apps have come on the scene recently, so here’s the low down on what’s what.  

    Letgo 

Letgo is an app that allows you to sell any unwanted items you have lying around. Think anything from jewellery to furniture. All you have to do is snap a photo of the item you want to sell directly through the app, and set a name, price and quick description. The Letgo app has an inbuilt instant-messaging which makes communication quick and easy.

Best bits:

  • Inbuilt chat makes communication between buyers and sellers easy
  • Easy to use app means you can sell on your smartphone
  • It’s completely free

The not so great:

  • The app isn’t quite available in all countries yet
  • You can’t pay via the app
  • Which also means you have to handle any refunds or disputes yourself

    Shpock 

Shpock is also a car boot sale app with a similar set up to Letgo. You can easily browse items by category or name, and offer up the price you’re willing to pay.

Best bits:

  • It’s cheap and easy to use
  • There are no listing fees, just optional costs to promote your item
  • You can use Shpock through social media

The not so great:

  • You can’t pay via the app
  • No refunds or dispute resolution
  • There’s no delivery option

    Depop

Depop is an easy way to sell your stuff on social media. You can really sell anything on Depop, but it’s mainly focused on clothes. Like the other apps, all you need to do is load a photo of your item and a description, then share the listed item on your Social Media accounts and wait for a buyer. 

Best bits:

  • It’s free to list your items
  • It’s easy to use and link to social media

The not so great:

  • You have to pay the app 10% of the sale price of any items
  • The likelihood of you selling an item depends on how many followers you have, so if you don’t have many followers, you might find it difficult to sell
  • Users can be anonymous so be wary of fraudsters 

    Poshmark

Poshmark is an online marketplace for used accessories or clothes. It is accessible on a desktop or on the app, but the app is more popular. Poshmark acts like a social network, where sellers and buyers can follow each other and the brands that they’re interested in. The website’s focus is higher end name brands, and like other apps, it’s easy to use, - just snap a photo and add a description to start setting up your own closet. There's a $2.95 fee for any item sold for less than $15, and any items sold for over $15 is charged a fee of 20% of the sold price.

Best bits:

  • They provide shipping labels for you 
  • The app is very easy to use with clear photos and prices
  • Buyers can get up to 70% off the sale price of some brand name items

The not so great:

  • Fees are a little more expensive similar apps
  • Poshmark is geared towards the buyer, so buyers often return items, which can be frustrating for sellers
  • Many reviews say customer service is poor

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Shieldpay protects both buyer and seller in any transaction so that you can deal with anyone, anywhere with total confidence.

How do we do it? We verify the identity of both sides, funds are held securely in the Shieldpay vault and only released when both sides agree they’re happy. If anything doesn’t go to plan, we help out with any disputes!

Find out more about 
Shieldpay, or let us know your thoughts by leaving us a comment or chatting to us on Twitter, we'd love to hear from you! 😉

 
 

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