Swappa is raising the cost of their buyer fees for the first time ever

Swappa is raising the cost of their buyer fees for the first time ever
The world of mobile technology is one that's constantly changing. New gadgets seem to be coming out every single day, and as exciting as this can be, it can also prove to be quite stressful on your wallet. If you're always hankering to have the latest and greatest piece of tech, there's a good chance that you've sold an old smartphone, tablet, or other device of yours to get some extra money to make that purchase a little less intense. When it comes to selling tech online, there are plenty of different sites available to make this happen. However, among all of these, Swappa has proven to be one of the most popular for a lot of users out there. The company just released their first full-fledged app on Android this past week, and the company is in the news once again today for something that will definitely come as a bit of a bummer for a lot of you out there.

One of the biggest highlights for Swappa is their low buyer fees. Unlike sites such as eBay and Glyde where the seller is the one paying the fee to list the device on their site, buyers pay it on Swappa in the form of a $10 fee. For example, if I listed a phone for $110 on Swappa, the buyer would pay $110 and I would get a $100 profit. At least that's the way things used to be. There are still going to be flat rates for buyers on Swappa, but the cost of those rates is being raised quite a bit.

Today, Swappa introduced what they call "Swappa Market Fees." Rather than paying a $10 flat fee for any kind of device that you're buying on the site, the fee will adjust and change based off of the price of the product being bought. The fees work out in the following manner -

  • Product price of $0 - 100 = $5 fee
  • Product price of $101 - 300 = $10 fee
  • Product price of $301 - 500 = $15 fee
  • Produce price of $501 - 700 = $20 fee
  • Product price of $701 - 999 = $25 fee
  • Product price of $1000+ = $35 fee

According to Swappa's Founder and CEO Ben Edwards, "As we add additional product lines like Chromebooks, VR and MacBooks, tiered pricing will help us continue to provide the best marketplace, best community, and best support." As a past user of Swappa, the new pricing won't stop me from using the service in the future, but it is a bit irritating to see that famous $10 flat rate being tucked away. The new pricing tiers go into effect on November 1, 2016, but any devices listed on the site between now and then will still retain the same $10 flat fee no matter what its price is.

source: Swappa



1. PrYmCHGOan

Posts: 335; Member since: Sep 28, 2016

They suck anyways. I've posted that didn't sell after a week. Sold most stuff in less than 48 hours on eBay. If I out a phone on eBay, in the morning, it will be sold by end of day. I rather pay eBay where o know it will sell vs Swappa where I'm just renting space.

4. tnt44

Posts: 5; Member since: Oct 27, 2016

If you don't sell on Swappa you don't pay a penny (at least I never have). Ebay's fees are percentage based, so they're still significantly higher, even after this price hike. You should check out the Swappa page explaining it to see how cheap they still are compared to Ebay. Yes the price bump is frustrating, but I've bought and sold a ton over the years on Craigslist, Ebay, and Swappa, and Swappa is by far the best when it comes to service and bang for your buck. Are they perfect? Of course not. But I don't mind paying a bit more knowing that someone else has checked out the device I'm buying.

5. tnt44

Posts: 5; Member since: Oct 27, 2016

Well I said that wrong because Swappa doesn't check out the device. But as far as I know they review every listing (that has photos and serial number info) before it is approved - so that's all I meant.

2. joevsyou

Posts: 1093; Member since: Feb 28, 2015

LOL you mywell just sell on the number one most auction website with those fees where thousands more will see your listing

3. Furbal unregistered

If they want to raise rates they need to take some responsibility and pony up if a sale goes bad with someone selling a phone that gets blacklisted

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