New Zealand online trade site, Trade Me, has announced new plans to change its success fee model for professional retailers. Aiming to encourage retailers to increase the number of items offering free shipping in its Marketplace.
The change in model is aiming solely towards professional retailers selling their goods through the Marketplace, rather than individuals selling second hand items.
The change will see success fees for professional retailers apply to both the item sale price and the shipping cost, from 14 March.
The chance would encourage more of Trade Me’s roughly 19,000 professional retailers to provide buyers with free shipping and transparent prices.
Rick Davies for Trade Me Marketplace, says this new model change is all about improved the experience for the buyer.
“Buyers have told us high shipping costs are their number one annoyance when buying on Trade Me, especially when purchasing a new item. We want to provide a world-class shopping experience.”
Trade Me, reluctant to leave its retailers behind as consumers head towards the convenience of fast/free shipping, says they expect the numbers of retailers on the Marketplace to increase.
“More than a million items on Trade Me already include free shipping,” says Davies. “It’s a good start, but with our new goods range of almost 4 million items and growing every day, we want to see the proportion with free shipping increase rapidly over the next 12 months.”
This change in Trade Me’s model is yet another step as the platform makes consumer purchasing easier, now including Buyer Protection, joining forces with Afterpay for instalment payments, and experimentation with subscription-based free delivery.