In Trade Account vs Personal Account.

October 13, 2023 22:31

Is there any advantages/disadvantages to selling personal items on our In Trade account, other than the fees.?

I don't like having to switch between the two, as it messes with my brain, so feeling like I'm happy to sell personal stuff in my IT a/c, but is it a good thing to do, particularly as far as customers go, who come onto my 'shop' to buy a particular type of item that I sell, and have to view all my other stuff.

Thoughts?

Thanks.

Related to

9 comments

toolwarehouse
October 13, 2023 23:30

You will have to ppay success fees on shipping in an IT account. Also if you are GST registered, 15% of sale price is GST to be declared

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S Community Superuser
October 13, 2023 23:32 Edited October 14, 2023 00:27

Kia Ora Lynne,

In Trade Sellers have legal obligations and are accountable to the Fair Trading Act.

Buyer's have legal rights under consumer law.

Therefore your personal items will fall under this also listed in your In Trade account.

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crafters_corner
October 13, 2023 23:46

Thanks S, but that's not what I was asking. I am In Trade, and very aware of my obligations.

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S Community Superuser
October 14, 2023 00:09

Sorry must have misunderstood question - you will know your different financial payouts also therefore the question I would ask myself is would it cheapen your IT stock to include personal items or would it clutter your IT In Trade account? - Cheers.

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crafters_corner
October 14, 2023 01:55

Thank you again S. Yeah, that is what I am wondering...will it cheapen my IT stock. I do see other IT traders doing it. (sorry if I was a bit blunt with your answer. Having a bad day.:). I do appreciate your answer.

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Anahata
October 14, 2023 23:53

I have a similar question but regarding the type of item I am wanting to list. I am an artist and want to sell my prints. Is it better to sell them as a casual or a business? The price point will be between $30-$250. I am also aware of the point made here by Lynne about personal items cheapening my art stock.

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S Community Superuser
October 15, 2023 00:13 Edited October 15, 2023 00:36

Kia Ora Anahata,

Under the Consumers Guarantee Act & the Fair Trading Act if you purchase goods to make items specifically for selling, depending on the volume, value, and consistency of your sales you can be seen as an In Trade seller. - If you purchase goods for your own personal use or to make items for your own personal use and then on sell these goods at a later date you are a Casual seller - These are the guidelines TradeMe operate by - A good page for you to read in the Help section is: In-trade disclosure - Cheers.

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Gary-NZStocked Community Superuser
October 15, 2023 00:23

Anahata, the Govt has info here..

Selling online: Hobby or business? — business.govt.nz

Basically, if you are selling things regularly to make income, you are In Trade.

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S Community Superuser
October 15, 2023 01:21

The question you're both asking comes down to personal preference of which you may gain quite the mix being we are diverse people. - The other questions I would ask myself here are Quality & Quantity of personal items you're thinking of mixing your stock with & How Professional a serious seller of your In Trade stock you are? - Hope this is of Help in your considerations - Cheers.

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