50% Bonanza Promo Codes ( Bonanza Coupon Codes) November 2024 Australia

People say Bonanza is a combination of eBay and Etsy because anyone can sell their items, which can be both new and used products. If you are a buyer, you can buy both unique items and garden variety items. As for the seller, it is like selling to other online markets; however, without many sales or verification fees.

To begin our review, let's start with ...

Bonanza website features

Here are some of the notable features of the bonanza market:

1. Free Participation

All auctions are free and there is no competition or bidding for an item. The buyer will only pay when he wants the item to be posted.

2. High Volume of Items

The Bonanza market has different categories such as Women's Fashion, Men's Fashion, Home & Garden, Health & Beauty and other categories. In all categories, there are about 250,000 items for sale, which can be purchased freely.

3. Without Auction

Keep in mind that Bonanza is not an auction site, instead it is just a common market where when you like the item, you contact the seller and then pay for the item, and you are done.

As I said, you don't have to compete or bid for the item you want, just pay for the item, and you're good to go.

4. Consist of private sellers

Bonanza consists of private sellers of different product categories with fashion, health, home, gardening, jewelry, accessories and more. Basically, there are thousands of private sellers selling products all the time.

Common bonanza items featuredThere are a lot of items you can buy in Bonanza; therefore, here are the common goods presented on its website:

Antiques

Electronic items for industrial and business, parts and accessories, or toys

Fashion like clothes for men and women, jewelry, bags, hats and other accessories

Household items, such as kitchen tools, gardening items, for home decorations

Memorabilia and other collectibles

New and used items

Pet supplies and items

Bonanza shopping tips

When buying items at Bonanza, be careful with the seller you are dealing with, make sure you are a legitimate seller. Also, look for the shipping fee charged by the seller for each item you buy.

Keep in mind that these Bonanza sellers are responsible for how they charge for the shipping fee. Therefore, as a buyer, be sure to review the shipping cost if it is reasonable and the delivery time for each item you purchased. Most of the negative reviews you can read about Bonanza are complaints about cost and shipping time. Therefore, if you are not well with the cost and delivery time, avoid transactions by these sellers.

Is Bonanza Marketplace a scam?

We don't think this market is a scam. Yes, given that Bonanza is an online market; therefore, you will find different sellers. So we recommend reviewing the seller's reputation first, if you have a lot of great reviews, before buying an item. This is the simplest way to avoid being scammed.

Bonanza Selling Experience

The reason Bonzana is popular with aspiring online sellers is that it is easy to use the platform. So, if you want to create your own online booth at Bonanza, be sure to sign up for a seller's account. After creating your account, now it's time to set up your booth.

Steps to Create Your Bonanza Cabin

Here are 5 simple steps to create your Bonanza cabin.

Click on the "Open your cabin" button

Configure the cabin title, contact email, password and username. You can also use your Google or Facebook account to create an account.

Set up your payment scheme by connecting your paypal or Amazon Pay account. This way, you can receive payments from buyers.

To validate your identity, you are required to enter your credit card information

Finally, finish your assembled cabin. Make sure to select your pre-approval and advertising setting.

How much would it cost to use the platform?

As an online seller, it is very important to know the price of Bonanza in order to use it as your platform. Fortunately, with Bonanza you are completely free to list your items and then sell your items using the platform. The time Bonanza will charge your fee when you sell an item.

Overall, Bonanza is a risk-free market for sellers, where once you decide to close your booth, you are not required to pay any fees.

On the other hand, if you want to list more items in your booth, Bonanza offers membership subscription, where you will have access to sell other items. It is divided into three planes: Gold, Platinum and Titan.

Since Bonanza charges you when you sell an item, you must know where these fees will come from. Check out this website to find out how Bonanza pricing works.

Let's say you sold a $ 30 plus $ 12 shipping fee, Bonanza fees on Final Order Value (FOV). This is how FOV calculated it: you receive the sum of the cost of the item purchased and the shipping fee, and then less for 10.

Therefore, the FOV in the example is $ 32.

However, for items sold under $ 500, but has a minimum fee of $ 0.50, Bonanza will charge 3.5% of FOV. In our example, the FOV is $ 32; therefore, Bonanza will charge $ 1.12. Take note that this is for each item you have sold.

For items sold over $ 500, Bonanza will charge 3.5% to $ 500 plus 1.5% of the remaining amount for $ 500. For example, you sold a $ 650 item with a $ shipping fee 15; therefore, the FOV will be $ 155 and Bonanza will charge $ 22.93.

That is why many online sellers love Bonanza because the fee is relatively cheap compared to other online marketplaces.