Peer-to-peer marketplace apps offer an easy and convenient way for to sell gently used clothes, electronics, furniture and more. It’s an easy way to make a few extra dollars while simultaneously decluttering. It’s also a great way to find a bargain on unique and interesting items that you might not be able to find in store.
As a marketplace for used cars, at Instamotor, we are particularly interested in the increasing popularity of these platforms. To get more insight, we surveyed 800 marketplace users and found:
Top Three Marketplace Apps
Clothing & Accessories - 23.3%
Electronics - 19.9%
Furniture - 14.5%
Entertainment - 12.9%
Appliances - 9.4%
Vehicles - 8.3%
92% say they feel safe using these apps, while only 7.9% say they do not
Never give out your real contact information. Many of these apps make it easy to avoid giving out your contact information at all, as most marketplace apps have a built in chat option. If for whatever reason you need to take the conversation offline with a phone call, try using a Google number.
Always try to meet in a public location. It's always safest to make transactions in well lit, populated public locations to avoid any funny business. Bank lobbies, coffee shops, police stations, busy parking lots are all good places to meet.
Bring a friend. It's always a good idea to have back up—someone to witness the transaction and keep an eye out for your safety.
Avoid using any money wiring services. Yes, even Venmo. It's best to make these transactions in cash, if possible. It's pretty common knowledge that anyone asking you to wire them money is probably a scam, but with the popularity of Venmo people have been more lax about accepting Venmo as a form of payment to make transactions with strangers. What many people don't know is that payment can be reversed by the sender after the transaction is complete. What does that mean? It means you could be giving someone the item you are selling for free. Remember, cash is king.
We surveyed 800 Americans (who identified themselves as users of marketplace apps to buy and sell items) via the survey platform Pollfish about their marketplace behavior, practices and feelings. The survey was conducted on Dec. 13, 2017.
Brionna is on a roller coaster that only goes up. You can follow her on twitter @BrionnaLewis.