The MoneyMagpie Market: Make Cash and Purchase Native!

0

Reading time: 6 min

We are very excited to launch the MoneyMagpie Marketplace! It’s your new online marketplace to buy and sell locally. Whether you just want to clean up your unwanted clutter or run an online shop to sell your services or products, you can do it on the MoneyMagpie marketplace!

We want to help our magpies save money by buying local and affordable services like grooming and dog walking from people in their neighborhood. Whether you want to be an online tutor or offer mobile car washing to your neighbors, it can all be done in one simple, free listing.

We also want – always – to make sure that our community is making as much extra money as possible!

So we created the MoneyMagpie Marketplace. Everything you need to know is here.

Why use the MoneyMagpie marketplace?

Online marketplaces are popular because they offer great value for money and an easy shopping experience. We go one step further, however: you are supporting other magpies when you buy from them. Products are available from across the country – and the services are all local to you, so you can connect with like-minded magpies in your community!

Plus, our fees for sellers are very low. Instead of paying for the listing (like eBay, Gumtree, or Etsy), you can publish your listing for free. You only pay a small commission (8%) every time you make a sale and 1.4% plus £ 0.20 on the Stripe transaction fee. In fact, it’s currently FREE (while we’re in beta testing mode). Completely 100% free. There is NO commission for the first 50 sellers who place offers on the marketplace for three months!

The marketplace is ideal for both buyers and sellers because:

  • It’s a secure platform
  • You connect with other savvy magpies
  • You support local businesses
  • Finding an item or service near you is easy
  • There are no upfront seller fees
  • Local means no high shipping costs!

What can I buy or sell on the marketplace?

As long as your product or service is legal to sell or buy in the UK, you can list them. You can find the full terms and conditions here – but you’ll see it’s all just common sense! Entries are moderated and inappropriate ads are removed immediately.

The website is divided into two sections: Products and Services.

Services in the marketplace

If you run a business that helps people in your area, post it on the appropriate channel in the Services section. You can choose from:

  • Business services – such as IT, design, writing, commercial cleaning, corporate catering
  • Health, Beauty, and Fitness – Beauticians, massage therapists, manicurists, personal trainers, and yoga teachers are just a few examples of this section
  • Help around the house – cleaning staff, child minders, babysitters, strollers, supervisors and companions can be found here
  • Courses and Online Learning – local fitness classes, one-to-one classes, online language classes, music classes, everything you can learn is here!

Products on the MoneyMagpie Marketplace

This can be anything from specialty cakes to handicrafts to a used toaster. Anything you want or want to sell can be listed. Whether you want to sell a single item or run a business through the platform is entirely up to you!

If you want to make extra cash on the side, you can make money on your free time listing your homemade crafts, baked goods, artwork, woodwork, or anything else. An entry remains active until you remove it. So if you want to sell 50 of these, you don’t have to create 50 new listings! However, if you are only selling one item, remember to clear the list after the sale.

Information for sellers

You are responsible for the accuracy of your listing – so make sure it is perfect before posting! If you are adding a one-time item, make a note to remove the list after the sale.

Our fees are very low compared to similar online platforms as we want our magpies to have as much cash in their pockets as possible. There are no fees from sellers for the first three months – and listing is always free. The commission is only 8% (plus 1.4% and 20 pence stripe transaction fee). Compare this to spaces like Etsy, which charge a minimum of 5% AND a 4% payment fee plus an additional 20 pence. You would also have to prepay for listing on many websites – so you pay before you make sales!

You don’t have to pay anything to list your item or service on the MoneyMagpie marketplace. You only pay a commission when you sell something.

Delivery costs

Make sure you add shipping cost to the price of your item. How much you charge for delivery is up to you. Remember to factor in the platform fee, packaging, and postage or courier fees.

If you enjoy shipping your item overseas, we recommend that you create a separate International Delivery list. Be sure to include details of duties, duties, and taxes, and estimated delivery times in this list.

Payment details

Common payment questions

The MoneyMagpie Marketplace uses Stripe to process your transactions. At the moment we cannot accept PayPal. Stripe is a secure card processing platform that accepts both credit and debit cards. The first 50 sellers do not pay the MoneyMagpie commission in the first three months, but still pay the transaction fee of 1.4% + 20p Stripe (unfortunately we cannot change that!).

When you register as a seller, you will be asked for your payment information. Enter the details of the bank account you wish to receive your funds into. We don’t take any money until you sell something – and even then it’s a low commission of 8% of the sale price.

As a buyer, you don’t need to provide your payment details until you’re ready to buy something. Enter your card information to complete the transaction and off you go! MoneyMagpie doesn’t process any of your payment information – it goes straight to Stripe – a secure payment platform.

The beta tester offer

We ONLY launched the MoneyMagpie Marketplace. To make sure our magpies are happy with the platform, we are offering a special offer.

BUYERS receive a € 5 discount on their first purchase. Simply email a copy of your receipt to editorial@moneymagpie.com to begin the refund process. (Applies to the first 50 buyers, so get in quickly!)

SELLERS do NOT pay any commission for the first three months (until January 1st, 2021). This means that it is FREE to list your items or services and complete the transaction for FREE. (Eligible for the first 50 sellers to sign up, Stripe 1.4% + 20p transaction fee still applies, sorry).

We know there will be improvements in the marketplace. People like YOU need to get involved and make the most of the free offers and refunds available to buyers to let us know where we need to tweak them. What works? What needs to be improved? What is missing? Let us know what you think – send an email to editorial@moneymagpie.com or visit the Marketplace Testing messageboard to leave a comment.

How to log in

It’s really easy to get started with the marketplace – both as a buyer and a seller. First hop to the MoneyMagpie Marketplace page. Just click the Join button at the top right of the page and fill in some details about yourself. You are ready to buy and sell!

If you’re looking to buy or sell a physical item, go to the All Products section to have a look. For those who want to sell multiple items, we recommend setting up a shop (in the top right menu on each page). This is a great way to keep your offers in order and easily repeat the offers for similar products.

Are you looking for a service like a dog near you? Click All Services and use the search filter to narrow the results. If you want to sell your service to people close to you, select Sell Service and enter the listing details.

Be inspired

We bet you’re wondering what to sell to make some cash on the side! Read these articles for inspiration on how to make money out of your old clutter, crafting habits, or side skills.

Leave A Reply

Your email address will not be published.