SoFi doesn't offer a business account. They do, however, offers small business financing that includes a line of credit and various types of loans.
Want to clean up the clutter in your home and pocket some change at the same time? You might be able to do just that with a selling app.
Selling apps are online marketplaces where sellers put their stuff up for sale. The apps make it easy to sell your item to a buyer, whether they’re across town or on the other side of the world.
But no two selling apps are the same. Let’s check out the best selling apps overall, so you know where to advertise your stuff.
You can also find out how to receive international payments for your items with Wise - the easy and low-cost online solution for sending money abroad.
|📝 Table of contents|
The best app depends on what you want to sell.
There are dozens of high-quality apps for selling stuff, whether you want to clean out the junk in your garage or get rid of some specific furniture pieces.
Let’s break down the 10 best apps to sell your stuff now.
|$2 minimum or 12.9% depending on item cost (local sales are free)||Great for local sales|
OfferUp is a free online marketplace that allows you to sell almost anything.
A smart built-in “Promotion” feature allows you to potentially sell your item faster by putting it in front of more users, although you have to pay a fee for this benefit.
Sellers also have the option to choose between setting a firm price or allowing negotiable asking prices.
|Free||Tech and electronics|
Decluttr is a great selling app if you want to get rid of gadgets or random household items and toys. Payment is instantaneous, and you can get a sneak peek at the potential profit once you put in your item’s barcode.
You can accept bids from potential buyers and get your payment through a variety of deposit methods, including PayPal or checks.
|$2.95 flat-fee/20% commission fee for anything sold over $15||Selling branded clothing and shoes|
Poshmark is a useful selling app if you want to get rid of your brand-name clothing, shoes, and other related accessories.
You first have to create a profile and add several photos of each item you want to sell. A great feature is that you can set up discounts to motivate shoppers to buy more items from you.
|Usually free||Big sales where safety matters|
5miles is a peer-to-peer marketplace app that connects buyers to sellers using phone GPS signals.
It offers a dedicated online payment and shipping option and is a good choice for sellers concerned about safety. Once you make a deal, this selling app will point out a safe location, like nearby police stations, in which to carry out the transaction.
|30% commission fee with less than 10 active listings, 20% fee with 10 or more||Selling home furniture|
Chairish is an online marketplace for selling furniture, home accessories, and art.
It’s a robust and well-developed app overall, offering in-person pickup coordination or shipment options for long-distance buyers.
|Free between $0-$50, $5 for sales between $50-$100, and set fees increasing according to the sale price.||Selling unwanted gadgets|
Swappa is designed specifically for selling your unwanted phone, laptop, or any other gadgets you have lying around.
You can also use the app to track how much your device is worth, helping you sell at the best time.
While Swappa does charge set fees for sales above $50, the fee is automatically built into the price and paid by the buyer.
|$7.50 flat-fee/19.8% fee for items over $50||Selling high-quality clothing|
Tradesy is a selling app specialized for selling fashion items, like clothes and shoes, but keep in mind that the clothes have to be high-quality with minimal wear and tear.
Once you sell an item, you'll get a prepaid shipping label for ease of use. This makes shipping easy and convenient with Tradesy.
|Free||Selling with minimal effort|
CPlus for Craigslist is a third-party app officially licensed by Craigslist. The app allows you to list items for sale, upload photos, add a description and set a price.
The big difference between the main Craigslist platform is that sellers get alerts via notifications, plus a variety of other tools to help you sell items faster than usual.
|Free||Freebie selling/giving away|
Nextdoor is a neighborhood-specific selling app that allows you to both sell items for money and give away things for free.
It’s perfect for local sellers. It also has a variety of other integrated options to help bring communities together, such as news about road closures or neighborhood events.
If you’ve just moved to a new neighborhood, then Nextdoor could be a great selling app for you.
|Free unless you are a Facebook merchant, in which case there’s a 5% fee for all transactions||Fast sales|
Last but not least, Facebook Marketplace is a well-known selling app you can access if you have a Facebook account.
You can post an item for sale, upload a picture and add details in a just few minutes from your phone.
Facebook’s algorithm does the rest, including choosing a category and prompting a price range for the item.
The advantage of Facebook marketplace is that you can reach a large audience. However, if you are selling a very specific item, using a specialized selling app can help you reach a narrower, but relevant audience.
Most selling apps allow you to put a wide range of stuff up for sale, including clothing, electronics, books, furniture, and more. But many platforms don’t allow you to put any perishable items up for sale, such as food or drinks.
Furthermore, some platforms require you to put things for sale up in particular categories to make it easier for people to find the stuff they want.
Many platforms are also specialized to help people find the things they want more quickly, such as Chairish. On these selling apps, you will only be able to sell the specific items that fit within the apps' category.
Practically all apps require you to be 18 years of age or older.
You’ll need to be an adult to create an account and set up a payment portal or credit or debit card to accept profits from your sales.
Many selling apps are free, particularly if your sales are between yourself and a local.
Some selling apps make a profit by asking for a percentage of your sale profits. Think of this as a commission fee.
The most common versions of these fees are flat commission fees (which do not change in price regardless of the value of the item you sold).
A way around this can be if sellers incorporate this fee into their asking prices, so they always get the amount of profit they want in the end.
Regardless of the selling apps you use, you’ll need a way to accept payments.
If you plan to do international business, it pays to choose the right method that won't charge crazy fees.
Fortunately, you can use Wise to accept payments from a variety of currencies used worldwide. You can then also convert the money to your preferred currency.
Best of all, Wise doesn’t use hidden pricing schemes for you to worry about. Instead, each transaction is calculated using the real mid-market rate that you see on Google.
- Cplus for Craigslist
- Facebook Marketplace
All sources checked 7 May 2021.
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
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