Professional online traders may have to offer refunds

[p.dath]

http://www.stuff.co.nz/technology/46...ro-declaration

Thousands of full and part-time traders would need to offer refunds on any unsatisfactory new and second-hand goods they auctioned, under a proposed reform of the Consumer Guarantees Act that would apply to all auction sites.

Feels like Trade Me is about to "become of age".

[FROSTY:Me]

On that front all I ask that its a level playing field. So ALL auctions are covered by the same laws not just online auctions.
Our "freinds" at Turners auctions have been getting away with selling no warranty cack for years

[Latte]

On that front all I ask that its a level playing field. So ALL auctions are covered by the same laws not just online auctions.
Our "freinds" at Turners auctions have been getting away with selling no warranty cack for years

Gets a bit tricky there..... dealer auctions, DVA Auctions, on behalf auctions etc.... I'd say the only time it should be required is when it's selling a vehicle direct to the public (which is most of their business now isn't it? Importing their own stuff to pump through their auction houses).

[scissorhands]

I have been disappointed upon receiving cheap Chinese crap from TM. The quality is often atrocious.
People should not be allowed to import and sell such crap

[FROSTY:Me]

Gets a bit tricky there..... dealer auctions, DVA Auctions, on behalf auctions etc.... I'd say the only time it should be required is when it's selling a vehicle direct to the public (which is most of their business now isn't it? Importing their own stuff to pump through their auction houses).

All of which are possible senarios for TM auctions.
Turners are selling a fair few of their own cars and a fair few from "tame" importers

[avgas]

I have been disappointed upon receiving cheap Chinese crap from TM. The quality is often atrocious.
People should not be allowed to import and sell such crap

As long as there are morons to buy it - why not?
Do you need bubble wrapping to protect you from the big bad world?

[scissorhands]

As long as there are morons to buy it - why not?
Do you need bubble wrapping to protect you from the big bad world?

Just from unfair idiots looking for cheap shots

[Edbear]

I do a lot of trading on TM and have found it good, but the success fees and relisting costs do cut into your profit margin. Most pay by direct credit which goes into my business account anyway, or if by credit card over the phone, it goes into the Merchant account and then is transferred to my business account less the transaction % fee, which of course eats further into the profit margins...

[avgas]

Just from unfair idiots looking for cheap shots

Cheap or easy?
Most shots a cheap - you just make it easy.

But seriously why pay peanuts and then cry about crap. Its not exactly going to fix the solution.
If you didn't buy it in the first place there would be no market for it.

[HenryDorsetCase]

the only issue I had is that there is a very low threshold to become "professional" IIRC it was $2k, and six trades a year or something.

I buy CD's, DVD's bike parts and have bought and sold bikes over the years. But I must be the least professional trader there is, cos I always lose money. Hmmmmm. perhaps it could be a tax advantage for me. Suck on that IRD!

[steve_t]

the only issue I had is that there is a very low threshold to become "professional" IIRC it was $2k, and six trades a year or something.

I buy CD's, DVD's bike parts and have bought and sold bikes over the years. But I must be the least professional trader there is, cos I always lose money. Hmmmmm. perhaps it could be a tax advantage for me. Suck on that IRD!

Me too. LAQC?

[Edbear]

Me too. LAQC?

LOL!!! With TradeMe talking about increasing their "Success fee's" it will cause me to think before I list as it can be a shame to have to charge more for a product on TM than I could sell it for otherwise.

As for refunds, everything I sell has a warranty so no biggie for me.

[BMWST?]

LOL!!! With TradeMe talking about increasing their "Success fee's" it will cause me to think before I list as it can be a shame to have to charge more for a product on TM than I could sell it for otherwise.

As for refunds, everything I sell has a warranty so no biggie for me.

tell me how you can reach more peole so easily?

[Edbear]

tell me how you can reach more peole so easily?

Therein lies the problem. When you're starting out TM is probably the best option as advertising is very expensive and short of physically driving around and calling on everyone, (which I do as well), not much else is as effective until your website is better set up and on the first page of Google.

I got my first email enquiry today from Google Adwords which seems to be good value, esp as they gave me a sizeable credit to start with.

[Thani-B]

the only issue I had is that there is a very low threshold to become "professional" IIRC it was $2k, and six trades a year or something.

It's buying goods over $2000 to sell. I sell a lot of stuff on TM, but I never buy something with the intention of selling it. It says it will be worded to protect those who just sell stuff that they owned and used themselves first.