If you’re looking for a good deal on holiday gifts or want to sell your old stuff to help finance your business, the Facebook marketplace is an excellent alternative to yard and flea markets.
As with any other form of internet commerce, the Marketplace attracts its share of swindlers and scammers (and those in the real world). Here are a few more suggestions for transforming Facebook’s Marketplace into a source of delight rather than annoyance.
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What is the purpose of Facebook Marketplace?
Facebook Marketplace launched in October 2016, and by May 2017, it had sold over 18 million products in the United States. The programs have since spread to other countries, with over 550 million people using them on a monthly basis. According to Facebook, the number of Marketplace searches globally has tripled since the start of 2017.
The concept is straightforward: Facebook displays a selection of products for sale in your area based on information from your profile, including the ability to sell your own merchandise. When a customer locates an item they wish to purchase, they contact the vendor via Messenger and arrange for the transaction to be completed. Traders can conduct business through Messenger without sharing their addresses or phone numbers, and Facebook does not charge a commission.
The Marketplace is extremely user-friendly. Utilize the Marketplace application by visiting your Facebook dashboard and clicking the Marketplace button in the left column. There are several images of the products for sale, each with its own price tag. To narrow your search results by item type, price, or other criteria, check or use the filters. If you wish to make an offer, click the blue “Make an Offer” button and complete the form. Selling with the mobile app saves you time by allowing you to take a photo and connect it to the list rather than storing and downloading the images.
The Best Methods for Buying and Selling on the Facebook Marketplace
Here are five tips to ensure a positive and stable experience on Facebook Marketplace:
Use a credit card or a secure electronic payment service for all purchases.
Due to the Marketplace’s lack of an integrated payment system, you must negotiate payment directly with the other party. Sellers may pay with cash, gift cards, or other untraceable methods, while unscrupulous buyers may offer worthless gift cards. Card issuers and payment processors such as PayPal – not his sister app Venmo – will investigate fraud claims on your behalf and improve seller security. Renowned market traders, as well as legal buyers and sellers, would like to use secure sites.
Avoid transactions in which no local buyers/sellers are involved.
In theory, Facebook will only show you potential buyers and sellers in your immediate neighborhood. (The radius can be set to less than two miles or up to 100 miles, but the default is 40 miles.) If a vendor indicates that an item will be shipped from a greater distance, there is a chance that no order will be placed or that it will be unexpected. Additionally, consider decreasing your fee if a buyer requests that you ship an item over a long distance, particularly internationally: If the item is lost or damaged during transit, the buyer will cancel the payment.
Take a look at the buyer/seller profiles.
When you click on an item for sale, you can view the seller’s profile under “seller statistics.” Check Facebook to see if you have mutual friends in your neighborhood. If you’ve only been on Facebook for a short period of time or have a few followers, this could be a red flag. Additionally, search for their name on Facebook; if you notice multiple profiles with the same name and image, this may raise a red flag.
Before making a payment, inspect.
Before authorizing payment for an item, ensure that you can “see the goods.” Bring in an expert who can determine whether the item is a diamond or a collector’s item. Connect or replace the batteries in electronic devices to ensure they operate properly.
In a public space, meet the buyer/seller.
Certain police departments invite individuals to visit lobbyists or car parks located within their stations to complete the exchange process. When this is not possible, consider a public space such as a coffee shop or restaurant. Bring a friend, and if you’re feeling brave, record or photograph the conversation so that you can easily see the other party if there are subsequent disagreements.
Facebook can be a lively and entertaining source of deals. If you are as vigilant for potential fraud as you are for businesses, your market experience will be more positive. Have a good time shopping! Have a good time shopping!
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