TradePongo offers alternative to Ebay, without the Fees
Saturday, 17 September 2016

Ebay may be getting some competition. Which is what happens when you anger Rocket Scientists.

A trading platform called announced their launch today. 


TradePongo was founded in Austin TX by Daniel Crown, a rocket scientist who came up with the idea after using ebay to sell a shirt he had purchased that didn't quite fit.

In his early 30's, looking as if he just walked out of a GQ catalog, Daniel says he is thankful for what he called the "ebay experience" for what eventually became TradePongo.


"I've never used a trading platform before. Bought a shirt from the mall, but found out it didn't fit few weeks later, so I decided to sell it online, on ebay to be specific. I paid $40 for it and sold it for $40" says Mr Cown, adding he had a tough time navigating the listing process.


"The navigation process, all the questions, drop downs and boxes, it just appeared much to put a shirt for sale. From the getgo I wasn't thrilled with the process."

Mr. Crown says it was the fees that somehow kept on coming what made him think about the trading platform.


"After I sold the shirt, a $7 fee showed up in my inbox. I felt it was a bit high, but afer I paid it, another $2 fee showed up, no explanation given. At that point, it appeared to me that ebay pretty much does whatever it is that they please with no way for you to say - wait a second, what is happening!" says Mr. Crown.


It was at that point that Mr. Crown started thinking of a mass trading platform.

He enlisted several of his rocket scientists friends and got to work. TradePongo is the result. 


"I wanted a multi-currency trading platform that's free, available to everyone, everywhere. We simplified the buying and selling experience. No percentages are taken from sellers no matter what the cost of the product. They get to keep all their money which allows them to lower the cost of their products which is beneficial for both sellers and buyers. The payments will go strictly through Paypal/Amazon/Google and several other third party payment processors available at TradePongo. We do not store credit cards or any financial information on our platform." says Crown.


The name TradePongo came after Daniel and his team conducted a survey at a coffee shop by asking people randomly which name they liked. Three names were given, the majority opted for TradePongo.


"The name itself was picked by random people. We essentially listed a bunch of names that we liked and felt jived well. Most of the people went for TradePongo, so in our case the people decided" says Daniel.


On the question how is TradePongo going to make money, Mr Crown waved his hand -  'money was never the goal '.


"From the begining the team set out to create a free trading platform, so that settles it. Think of TradePongo as 'by the people, for the people'. Having said this, while individuals can list millions of products for free up to a month and relist them automatically in over 40,000 categories, TradePongo does offer small businesses their own customizable stores for $1.80/month. This fee will go towards maintanenace and upgrade of TradePongo. In my opinion, this fee is quite miniscule, any small businesses on this planet and frankly beyond can afford it. In addition, if you'd like your product to stand out in the crowd, we offer an optional fee to make it bold or highlited, both cost few cents" - says Crown.


Swapping Available

TradePongo offers a feature that no other trading platform offers. Sellers have the option to sell, but also swap an item with another seller. For example, you can list a DVD movie for sale, but also make it available for swapping as well. Products that are available for swapping will display a "swap" icon next to them.

This way, the seller can sell his DVD movie, but also get swap offers from others. The seller can then 'accept' or 'decline' the offers. 


"The swap feature we felt was important, as it allows people to keep their options open and entertain different offers. I for instance drive a motorcycle, and would like to sell it, but am open at perhaps trading it with someone else in my city. Perhaps you have a lawnmower and would like to swap it for a bycicle or a used laptop, the possibilities are endless.


In the end, our goal is and always will be to help people make their products available worldwide at no cost to them. If they're already selling things on ebay that's great, and if you want to expand your products' footprint you're welome to join us at TradePongo.


Giving Away Free Stores for Life

To celebrate their launch, TradePongo is presently giving away 50 free basic stores for life to the first 50 sellers who contact them via their website. Make sure the subject line reads "Free for Life" .

//Veronica Livingston


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