Trademe Alternative for NZ based sellers

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#1073136 24-Jun-2014 09:42

KiwiNZ:
Kyanar:
mattwnz:
Kyanar:
KiwiNZ:
Kyanar: I see a lot of people talking about taxes, which is... well, a little irrelevant. At maybe $500 a year if what the OP says is correct, this is well under the $60,000 threshold for registering for GST. See: http://www.ird.govt.nz/gst/gst-registering/register-who/

Now, this does still place an obligation on the OP to meet Consumer Guarantees Act and Fair Trading Act obligations and I would hope the OP isn't trying to "wheedle" out of those. (And shame on anyone who is). But taxes are kind of a moot point when they aren't applicable in this circumstance anyway.

GST not applicable, earnings related tax is applcable

Still irrelevant, since income tax applies to this scenario whether the OP is "in trade" or not. So it remains a red herring.

Yes but it depends if you declare those earnings from trade me or not. If in trade then you would need to.

If not in trade you still need to. What's your point? Your income tax obligations are completely disconnected from your "in trade" status so all this tax talk is completely besides the point.

If you are selling the odd thing you have purchased etc and no longer need there is no tax liability on that, however if you are buying/making items for the purpose to resell there is a tax liability under Tax legislation, also there is an obligation under consumer law therefore the listing as 'In Trade' is linked to both Tax and Consumer law and is relevant here.

And if you mark yourself as In Trade or not, that liability still exists. Hence, it remains completely irrelevant to the discussion of why or why not the OP does or does not want to mark their account as in trade.

Kopkiwi

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#1073165 24-Jun-2014 10:03

It's a shame because Trademe is REALLY really, super amazingly shyte.

Hammerer

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#1073181 24-Jun-2014 10:09

Kopkiwi: It's a shame because Trademe is REALLY really, super amazingly shyte.

Why do you care?
You've already found "a Trademe alternative for NZ-based sellers": Geekzone. I've looked at many of your offers.

ubergeeknz

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Vocus

#1073183 24-Jun-2014 10:14

OP : What should I use instead of Trade Me?
Everyone: Whatever you do don't bother with Wheedle it's a steaming pile of excrement and nobody uses it. Trade Me definitely your best bet.
OP : So I'm using Wheedle... sure hope people come buy stuff

Why bother asking?

DarthKermit

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#1073279 24-Jun-2014 11:13

Kopkiwi: It's a shame because Trademe is REALLY really, super amazingly shyte.

Why is it shyte? Their fees? The site layout? Something else?

Whatifthespacekeyhadneverbeeninvented?

Kopkiwi

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#1073286 24-Jun-2014 11:21

DarthKermit:
Kopkiwi: It's a shame because Trademe is REALLY really, super amazingly shyte.

Why is it shyte? Their fees? The site layout? Something else?

Increase in fees. Their over zealous removal of listings. The absolute twats you have to deal with who offer stupid offers. Then the other end where you get people wanting too much for their very old stuff.

$2k for a projector for which the newer model is being listed for $800 CHEAPER, does the seller lower their price? No. But it's been listed for a year.

mattwnz

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#1073296 24-Jun-2014 11:24

Kyanar:
KiwiNZ:
Kyanar:
mattwnz:
Kyanar:
KiwiNZ:
Kyanar: I see a lot of people talking about taxes, which is... well, a little irrelevant. At maybe $500 a year if what the OP says is correct, this is well under the $60,000 threshold for registering for GST. See: http://www.ird.govt.nz/gst/gst-registering/register-who/

Now, this does still place an obligation on the OP to meet Consumer Guarantees Act and Fair Trading Act obligations and I would hope the OP isn't trying to "wheedle" out of those. (And shame on anyone who is). But taxes are kind of a moot point when they aren't applicable in this circumstance anyway.

GST not applicable, earnings related tax is applcable

Still irrelevant, since income tax applies to this scenario whether the OP is "in trade" or not. So it remains a red herring.

Yes but it depends if you declare those earnings from trade me or not. If in trade then you would need to.

If not in trade you still need to. What's your point? Your income tax obligations are completely disconnected from your "in trade" status so all this tax talk is completely besides the point.

If you are selling the odd thing you have purchased etc and no longer need there is no tax liability on that, however if you are buying/making items for the purpose to resell there is a tax liability under Tax legislation, also there is an obligation under consumer law therefore the listing as 'In Trade' is linked to both Tax and Consumer law and is relevant here.

And if you mark yourself as In Trade or not, that liability still exists. Hence, it remains completely irrelevant to the discussion of why or why not the OP does or does not want to mark their account as in trade.

I too fail to see you point. If you are not in trade yes the liability still exists if you are buying and selling for profit. However if you are intrade it would then be obvious to the ird that you should be paying tax and had CGA liabilities. So it is very relevant and appears to be one of the reasons the op started the topic in the first place as they didn't want to be considered intrade due to these things.

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MikeB4

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#1073297 24-Jun-2014 11:25

Trademe is very good for its prime purpose, buying and selling. We recently listed 5 things we no longer needed, put them on for one week and they all sold for more than we hoped for and we were paid for within days and the stuff gone. Absolutely painless.

mattwnz

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#1073301 24-Jun-2014 11:28

KiwiNZ: Trademe is very good for its prime purpose, buying and selling. We recently listed 5 things we no longer needed, put them on for one week and they all sold for more than we hoped for and we were paid for within days and the stuff gone. Absolutely painless.

Also people complain about the fees. However auction houses charge a lot more. It tends to be 15 percent plus gst for both the seller and the buyer which is a lot more than trade me, without trade mes reach.

Kopkiwi

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#1073525 24-Jun-2014 15:50

mattwnz:
KiwiNZ: Trademe is very good for its prime purpose, buying and selling. We recently listed 5 things we no longer needed, put them on for one week and they all sold for more than we hoped for and we were paid for within days and the stuff gone. Absolutely painless.

Also people complain about the fees. However auction houses charge a lot more. It tends to be 15 percent plus gst for both the seller and the buyer which is a lot more than trade me, without trade mes reach.

Trademe doesn't have the same overheads as an auction house. Not really a direct comparison

MikeB4

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#1073527 24-Jun-2014 15:52

Kopkiwi:
mattwnz:
KiwiNZ: Trademe is very good for its prime purpose, buying and selling. We recently listed 5 things we no longer needed, put them on for one week and they all sold for more than we hoped for and we were paid for within days and the stuff gone. Absolutely painless.

Also people complain about the fees. However auction houses charge a lot more. It tends to be 15 percent plus gst for both the seller and the buyer which is a lot more than trade me, without trade mes reach.

Trademe doesn't have the same overheads as an auction house. Not really a direct comparison

Are you sure about that, do you have evidence as to the Trademe overheads in comparison to say Turners?

ubergeeknz

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#1073529 24-Jun-2014 15:55

KiwiNZ:
Kopkiwi:
mattwnz:
KiwiNZ: Trademe is very good for its prime purpose, buying and selling. We recently listed 5 things we no longer needed, put them on for one week and they all sold for more than we hoped for and we were paid for within days and the stuff gone. Absolutely painless.

Also people complain about the fees. However auction houses charge a lot more. It tends to be 15 percent plus gst for both the seller and the buyer which is a lot more than trade me, without trade mes reach.

Trademe doesn't have the same overheads as an auction house. Not really a direct comparison

Are you sure about that, do you have evidence as to the Trademe overheads in comparison to say Turners?

From their "about us" page: Staff count: 200

Running a busy and successful website is not trivial, or cheap.

DaveDog

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#1073530 24-Jun-2014 15:56

Kopkiwi:
mattwnz:
KiwiNZ: Trademe is very good for its prime purpose, buying and selling. We recently listed 5 things we no longer needed, put them on for one week and they all sold for more than we hoped for and we were paid for within days and the stuff gone. Absolutely painless.

Also people complain about the fees. However auction houses charge a lot more. It tends to be 15 percent plus gst for both the seller and the buyer which is a lot more than trade me, without trade mes reach.

Trademe doesn't have the same overheads as an auction house. Not really a direct comparison

Their overheads are not the issue - do they offer the same service (auction and sales) and do they bring buyers and sellers together? They do. Therefore if they choose to charge around the same as a similar business (auction house) offering a similar business - good on them.

mattwnz

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#1073535 24-Jun-2014 16:00

Kopkiwi:
mattwnz:
KiwiNZ: Trademe is very good for its prime purpose, buying and selling. We recently listed 5 things we no longer needed, put them on for one week and they all sold for more than we hoped for and we were paid for within days and the stuff gone. Absolutely painless.

Also people complain about the fees. However auction houses charge a lot more. It tends to be 15 percent plus gst for both the seller and the buyer which is a lot more than trade me, without trade mes reach.

Trademe doesn't have the same overheads as an auction house. Not really a direct comparison

I would say it is a very good comparison, because I think people potentially have been success on trademe selling things, with a far lower commission. Auction houses aren't doing as well as a result. Plus many auction houses also have websites where people can bid. Also I would think trademes overheads are a lot higher as running a website like that and all the staff their employ isn't cheap.

Kyanar

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#1073798 24-Jun-2014 23:45

KiwiNZ:
Kopkiwi:
mattwnz:
KiwiNZ: Trademe is very good for its prime purpose, buying and selling. We recently listed 5 things we no longer needed, put them on for one week and they all sold for more than we hoped for and we were paid for within days and the stuff gone. Absolutely painless.

Also people complain about the fees. However auction houses charge a lot more. It tends to be 15 percent plus gst for both the seller and the buyer which is a lot more than trade me, without trade mes reach.

Trademe doesn't have the same overheads as an auction house. Not really a direct comparison

Are you sure about that, do you have evidence as to the Trademe overheads in comparison to say Turners?

For what it's worth, both Turners Auctions Limited and Trade Me Group Limited are publicly traded companies, so the evidence is actually right there in their legally required, audited, annual reports. I haven't read them, so they may disprove Kopkiwi's statement. But it's there nonetheless.

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