Just another money grab from TM!! I have had no problems with bank deposits for the last 20plus years and now Im expected to take another 2.5% fee hit for no obvious reason. Clean up all the bad sellers would be a better plan!!!

In TradeMe's own words: (my highlights) "We provide an online venue to introduce Members in various ways, and to allow Members to advertise all sorts of items, vehicles, properties, jobs and services. In providing the Trade Me venue, we don't participate in the actual sale of Items or the transaction itself. We don't own any Items listed on our Site and don't offer them for sale, nor do we act as an agent for either party. We also don't take part in the actual provision of Member Services. Kev's translation: We're like a shopping mall, but without the actual building."   So my question is W...

TM was originally an auction site for used items. Now it is turning into just another online sales platform. The mandating of ping and immediate payment will only make this more so. TM is become an extension of Temu or Amazon and buyers will end up going straight to them and bypass TM all together. Sad to see the demise of what was once a kiwi institution.

Why is PING only being forced on one group of TM sellers? Is it even legal to discriminate between groups on how they prefer to accept payment for goods? Smacks of cartel type behaviour as TM is the single player in this online market in NZ! Sellers are being forced to accept payment options they may be unable to or unwilling to implement.

I placed a copy of my complaint to the Comcom up here yesterday but afraid it is still pending. I believe TMs actions are basucally a restraint of trade.

Sterotypes - Totaly agree with your sentiments. I will NOT be using ping or afterpay as I too will be unable to meet the restrictive conditions, thus giving buyers the only other choice - pay cash. This will severely limit my sales as the majority of present buyers use bank transfers and are not from my location. What TM are doing is restricting my business income by mandating a system that does not fit my business model. This can't be legal and is the reason I, among others, have complained to Comcom. My system has worked well for over 20 years and my 99.8 rating and thousands of positi...

This is a copy of the complaint I have made: From Monday 3 November, new listings from in-trade sellers will exclusively be forced to use Ping, with cash and Afterpay as optional additions. Listings from this time on will have PING automatically added and bank transfer as a payment option will be removed. Payment via Ping will have a transaction fee of 2.19% deducted from the total amount the buyer pays (including shipping). This mandating of payment methods will severely constrain my trade on TradeMe. I have used bank to bank transfers for over 20 years and have never had a problem. PING i...

Totally agree with you henleyworks. Its a one sided agreement with absolutley no advantage to having an in trade account. In fact having an in trade acct is a complete disadvantage. I personally have decided to give up selling on TM, after 21 years, as I am retired any way and am only selling personal stuff thse days. Sad end to what was once a kiwi institution - although there is very little kiwi left in it.

Its beyond me as to why TM is so against intrade sellers. What have we ever done other than make $$ for them!

Business Desk has an article on the matter and apparently there were around 27 complaints made to ComCom so I presume that means they will look into it?