
However, that doesn’t mean these platforms work well for everyone. The sky is often the limit for how much money you can make on online marketplaces. This means that making over $600 in sales from Mercari in a year produces a Form 1099-K to include with your tax filing. The platform generates a Form 1099-K for any seller who meets the threshold requirements for taxes in a calendar year.
On the other hand, Mercari may not make sense for people who sell expensive items because its shipping protection only covers items up to $200. This can make it easy for you to buy and sell with Mercari from anywhere. The highly rated Mercari app is available on the App Store for iOS devices and Google Play for Android devices. This includes clothing, electronics, toys, collectibles, home decor, sports equipment, handbags, tools, and much more. In fact, you can sell just about any item.
Mercari has a huge range of products you can sell and buy. As a buyer, you purchase items from other users. As a seller, you list items for other users to buy. You can participate as a seller or buyer. Mercari is an online marketplace similar to Amazon, eBay, Poshmark, Etsy, and many other platforms.
Cancellation fee: 5% of the item price ($25 maximum). Payment processing fee: 2.9% plus $0.50 per sale. Negative reviews on Trustpilot are often related to Mercari's poor customer service experiences. Mercari has an average rating of 3.1 out of 5 stars on Trustpilot but an A rating with the Better Business Bureau (BBB). It is headquartered in Palo Alto, California, near San Francisco. in 2014 and has become one of the most popular online marketplaces in the country, with over 20 million users. Mercari was founded in Japan in 2013 by Shintaro Yamada, who remains its CEO. It offers a method to turn old stuff into extra cash, which Mercari capitalizes on with a slogan about making secondhand your first choice. Mercari is an online marketplace for selling and buying items between individuals. However, one major limitation is the lack of shipping protection for big-ticket items over $200. It’s a good fit for sellers looking for a diverse market to sell just about anything at competitive seller fees. Our verdict: Mercari is a legit and thriving online marketplace that’s easy to use for both buyers and sellers. Opportunities to abuse the return policy. Highly rated on the App Store and Google Play.