Bonanza Reviews
Bonanza Customer Reviews (11)
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Bonanza Features and Benefits
Bonanza.com is an online marketplace that empowers entrepreneurs to build a sustainable business based on repeat customers. Here are some key features and benefits:
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Low Fees and High-Profit Margins: Bonanza is one of the most cost-effective e-commerce platforms, boasting low commissions and no listing fees. The commission structure is quite competitive compared to other online marketplaces. For example, Bonanza charges a transaction fee starting at just 3.5% on all sales.
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Built-in Marketing and SEO Tools: Bonanza offers built-in marketing and SEO tools, which can help sellers increase their visibility and reach more customers. These tools include a state of the art Google Shopping integration, automatic item syncing across platforms, and advanced SEO listing settings.
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Integration with Google Shopping: Bonanza's Google Shopping integration allows sellers to showcase their products in Google search results, which can help them reach a wider audience and attract more customers.
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Automatic Item Syncing: Automatic item syncing using Bonanza's Importer tools is another useful feature offered. This feature allows sellers to keep their listings up-to-date across multiple platforms.
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Bonanza Booths: Bonanza allows sellers to create their own online store, or "booth", where all of their listings are posted. This feature allows shoppers to browse all the items a seller has available, similar to visiting a brick-and-mortar store.
Each of these features contributes to making Bonanza a user-friendly platform for both buyers and sellers. It's designed to remove the technical expertise needed to build a profitable online business, making the joys of entrepreneurship accessible for all.
Bonanza Pricing
Bonanza.com charges a flat-rate transaction fee of $0.25 on all completed sales for non-members. This fee is in addition to the adjustable final value fee, which is based on the Final Offer Value (FOV) of the sale. Sellers with an active membership subscription are exempt from the transaction fee. Additionally, new sellers are charged a non-refundable $14.99 account set-up fee to cover administrative costs.
What is the payment method on Bonanza?
On Bonanza, sellers are required to have a valid credit card on file for payment of seller fees. They also have the option to use PayPal to pay for seller fees. Automatic billing is a feature that allows your selling fees to be automatically paid every month. If you do not manually pay your fees prior to the due date, Bonanza will automatically charge the card on file. However, Bonanza does not have the ability to accept check or money order payments at this time. Please note that new sellers who have less than 3 months of successful final value fees paid will have their final value fees automatically charged to the card on file each time their final value fees reach $25.00. All other sellers will have their final value fees automatically charged to the card on file each time their final value fees reach $100.00.
Bonanza FAQs
Bonanza Alternatives
Here are some alternatives to Bonanza.com:
- Mercari: An international platform for selling stuff online. You can discover new items and get them at cheaper rates while saying goodbye to the old items you own.
- eBay: A well-known marketplace for buying brand-new things and you can sell as well as buy a lot of things.
- Atomic Mall: An online auction site that connects buyers and sellers for all kinds of items.
- Auctionmaxx
- AuxtionZip
- eBid
- uBid
- Webstore.com
- LiveAuctioneers
- TheSaleRoom
Each of these platforms offers unique features and may be a good fit depending on what you're looking for. Remember to always review the terms and conditions of each site before making a decision. Happy shopping!
How do I contact a seller on Bonanza?
To contact a seller on Bonanza, you can use the Bonanza order summary or the internal messaging system (BMail) provided by Bonanza. It's expected that sellers respond to buyer inquiries within 48 hours. Please note that clear, consistent, and timely communication is highly valued in transactions.
What is BonanzaRx?
BonanzaRx is a revolutionary pharmacy program offered by Bonanza. With one simple subscription, users get access to over 800 medications for free. The program also includes quick and trackable USPS shipping, and access to pharmacy coaches. This service is designed to provide a comprehensive pharmacy solution for its subscribers..
How do I become a seller on Bonanza.com?
To become a seller on Bonanza.com, you need to follow these steps:
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Create a seller account: Visit Bonanza.com and click on "Register" to create an account. Fill in all required fields and confirm your email. Once you've confirmed your email, log in to your account and click "Sell on Bonanza" to set up your store. Enter your username and the name of your store.
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Choose your membership level: Bonanza offers six levels of memberships: Silver, Gold, Platinum, Diamond, Titan, and Titan Ad. You are not required to have a paying membership to sell on Bonanza, but these memberships offer premium tools and resources that can help drive traffic to your booth and keep shoppers browsing your goods.
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Set up your booth: Click the button to "Sell on Bonanza" in the upper left-hand corner of any page, then click the green button to "Start Selling Now." Set your contact email and password, then create a username and booth title. Enter your personal information including name, address, and phone number.
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Choose your advertising tier: Bonanza's advertising platform has several tiers, each unlocking additional platforms on which to display your products. You can choose what percentage you'd like to opt into and Bonanza's computers will go to work making bids on your behalf to get your item in front of every possible buyer. When you sell an item, you'll pay the $0.25 transaction fee + the advertising fee percentage you've selected.
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List your products: If you are already selling on another marketplace, use Bonanza's free import tools to easily sync your inventory with your eBay, Amazon, Shopify, or Etsy store. You can choose between a free Basic account (there are no listing fees on Bonanza!) or a paid Pro account with additional features and benefits.
Remember, successful selling requires identifying a niche market that aligns with your interests and expertise. Conduct thorough research on Bonanza to find out which product categories are in high demand. Consider your own knowledge and sourcing options to select a niche that offers a competitive edge. Optimizing your listings for search engine visibility is crucial. Use keyword research, craft compelling and descriptive titles, write informative and detailed product descriptions, capture clear, well-lit, and visually appealing product images, and encourage buyers to leave reviews for your products. Positive reviews can boost your credibility. Good luck with your selling journey on Bonanza!
About bonanza.com Prices and Cost?
Bonanza.com is an online marketplace where sellers can set up a booth to sell their items. The platform does not charge fees per item listed. New sellers who activate a booth on Bonanza will be charged a non-refundable $5 account set-up fee. This fee covers the administrative costs associated with creating an account. Bonanza charges a $0.25 transaction fee on all sales made from a Bonanza booth for sellers who do not have an active membership subscription. In addition to the transaction fee, sales made on Bonanza are subject to a Final Value Fee (FVF). The FVF is based on the Final Offer Value (FOV). FOV is the amount that the buyer paid to you for the item sold, plus any portion of the shipping fee that exceeds $10. The FVF is calculated as follows: $0.25 + 3.5% of FOV for standard booths for FOV under $1000. For FOV greater than $1000, the FVF is $0.25 + 3.5% of FOV + a flat 1.5% of the amount over $1000. The minimum final value fee is $0.50. Sellers can also opt into Bonanza Advertising to drive extra buyers to their items. The advertising fees range from 9%-30% of the FOV, depending on which advertising options the seller chooses.
How do I set up an account on Bonanza.com?
To set up an account on Bonanza.com, follow these steps:
- Go to the Bonanza.com website.
- Click on the "Register" link in the upper-right corner of any page.
- Fill in the required fields with your unique username, email address, and password.
- Click the green button to "Create account".
Once you've created your account, you can set up a seller's booth. Here's how:
- Choose a name for your booth.
- Click "open your booth".
- Enter your bank/payment details and personal information.
- Decide whether to advertise through Bonanza (you can change this at any time).
- You can also select a membership at this stage.
- Click "Go - Get selling!".
Remember, you can import inventory from another selling platform (eBay, Amazon, Etsy, or Shopify), upload from a CSV file, or manually add via the New Item Form. After you've activated your booth and uploaded your listings, click the green "Update booth" button to post your items for sale. Happy selling!
About bonanza.com Popular Products and Services?
Bonanza.com is an online marketplace for buying and selling various goods. It has over 30 million items, making it one of the top online marketplaces for buyers and sellers alike. The site offers a wide range of categories, including clothing, electronics, collectibles, and antiques. Some of the most popular items on Bonanza are Women’s Clothing and Accessories, Men’s Clothing and Accessories, Vintage Goods, Sports Equipment, Electronics, and Home Decor. Women’s clothing and accessories include dresses, tops, bottoms, and accessories like purses, jewelry, hats, and scarves. Men can find shirts, pants, shoes, and accessories. Vintage goods include furniture, jewelry, collectibles, and antiques. Sports equipment ranges from hiking gear to basketballs and baseball bats. Electronics include phones, tablets, cameras, computers, and gaming consoles. Home decor items include furniture, rugs, bedding, lighting fixtures, and accessories.
How do I sell items on Bonanza?
To sell items on Bonanza, you need to create a seller account. Once your account is set up, you can start setting up your booth. A booth is where you post your items for sale. You can easily sync your inventory with your eBay, Amazon, Shopify, or Etsy store using Bonanza's free import tools if you are already selling on another marketplace.
When listing an item, the title of your item is very important. It contributes to whether or not your item is likely to sell. Bonanza also offers an advertising platform with several tiers. Each tier unlocks additional platforms on which to display your products. You can choose what percentage you’d like to opt into and Bonanza will bid on your behalf to get your item in front of every possible buyer. When you sell an item, you'll pay the $0.25 transaction fee + the advertising fee percentage you've selected. Each tier builds upon the last, unlocking new channels.
Remember, Bonanza also provides a Customer Marketing Tool, Discounts and Coupons, and ways to Establish Credibility. It's important to manage your returns effectively and make use of Bonanza's Shipping options. Bonanza also allows you to update listings in bulk and manage variations in your listings.
Please note that this is a general guide and the exact steps may vary. For detailed instructions, you should refer to Bonanza's official help center or support resources.
Is there a mobile app for Bonanza?
Yes, there is a Bonanza Sellers mobile app which is designed to help manage your Bonanza business on the go. The app allows merchants to list products, manage inventory, and communicate with buyers while on the go using their smartphones. It is available for Android and is coming soon for Apple. The app offers features like creating, editing, and deleting item listings, reading, writing, and responding to Bonanza mail, viewing orders, accepting or denying offers, and marking items as shipped. It also provides push notifications. However, please note that the information might have changed after my last update in 2021.
About bonanza.com Payment Method?
Bonanza.com offers several methods for payment. For sellers, all are required to have a valid credit card on file for payment of seller fees. Sellers also have the option to use PayPal to manually pay for seller fees. If seller fees are not paid manually by the 2nd of each month, Bonanza will automatically charge the credit card that you have on file. For buyers, they can submit payment using PayPal, Amazon Pay, or by entering a credit/debit card directly through Stripe, depending on the seller's settings. Please note that Bonanza does not have the ability to accept check or money order payments at this time.
How do I change my payment method on Bonanza.com?
To change your payment method on Bonanza.com, you need to visit the Seller Settings tab in your Account Settings. You can find this under the Account menu in the top left corner of the page. If you do not already have a card on file, click the Add a credit or debit card link, and enter your new credit or debit card information. If you would like to use an existing card on file to make automatic payments, click the Edit card for whichever card you'd like to use. Check the Seller's Fees checkbox under Use this card to automatically pay for, then click the Save card button. Bonanza will then take care of the rest, automatically billing you once monthly when you incur selling fees from your Bonanza sales. On months where you have no sales, no charge to your card will be made.
Can I use a prepaid card to pay for items on Bonanza.com?
Yes, you can use a prepaid card to pay for items on Bonanza.com. Each seller on Bonanza accepts the payments they want, as long as Bonanza offers that particular payment method. If a seller does accept PayPal for payments, you can use a credit card or a prepaid card (MasterCard, VISA, Discover, AMEX) through PayPal’s system when going through checkout. However, it's always a good idea to check with the seller of the item you want to purchase.
bonanza.com Return Policy?
Bonanza.com operates as an online shopping mall that connects buyers and sellers from all over the world. Each seller sets their own return and refund policies. A summary of the seller's return policy can be found at the top of the item listing page, below the "Add to cart" button. For more detailed information regarding a seller's return policies and procedures, you can scroll down the listing page to the "Listing details" section, where you will see a link to "View seller policies".
As for the shipping policy, as of November 8, 2023, all sellers are required to purchase a shipping label through Bonanza for orders placed through the Bonanza platform, unless they meet the exemption requirements and complete the opt-out steps. For each order that does not have a label purchased through Bonanza, a non-refundable $2 shipping assessment will be added to that month's billing statement. Bonanza supports USPS, FedEx, and UPS for US domestic and international shipments shipping from the US. A $2 non-refundable shipping label deposit will be charged for each completed transaction. When you pay for your shipping label the $2 is applied as a credit on the purchase. Sellers can offer Flat rate, Free shipping or Calculated shipping. There are some caveats about International shipping, so be sure to read further down. Calculated International Shipping is available to sellers who ship from the United States to buyers in other countries. This option is not available for sellers whose items ship from outside of the US. Sellers shipping from outside of the US can set free or flat-rate shipping options for non-US buyers. The really cool thing is that sellers can set a different Flat Rate for each country!
What is the Bonanza.com?
Bonanza.com is an online marketplace that connects buyers and sellers from all over the world to transact directly. Unlike traditional retail, Bonanza does not produce, house or ship any inventory. Instead, each seller lists their items for sale, and buyers purchase goods straight from the seller. This platform hosts over 25 million items from nearly 40,000 active sellers across the world. It offers a variety of features to help users narrow down their search for items, such as a search bar, filters, and sorting options. Bonanza is known for its focus on helping users buy and sell items that aren't shiny, new, and mass-produced, providing a unique shopping experience. It also takes steps to ensure a safe environment for both buyers and sellers, such as providing tools and resources to help users evaluate sellers.
Can you tell me more about shipping labels through Bonanza?
Bonanza empowers US-based sellers to buy and print USPS, UPS, and FedEx shipping labels without leaving the site. All you need is a standard computer printer or smartphone to make postage-paid labels and/or QR codes in minutes. You just pay for the postage inside Bonanza, print the USPS, UPS, or FedEx-approved label, and affix it to your package. Bonanza even marks the order as shipped and sets the tracking number for you. As of November 8, 2023, all sellers are required to purchase a shipping label through Bonanza for orders placed through the Bonanza platform, unless they meet the exemption requirements and complete the opt-out steps. For each order that does not have a label purchased through Bonanza, a non-refundable $2 shipping assessment will be added to that month's billing statement. If an order is marked as shipped and does not have a shipping label purchased through Bonanza or an approved partner, the assessment fee is added to the bill within 24 hours. If the order is not marked as shipped and no label is purchased through Bonanza or an approved partner, the $2 assessment will be added to the bill on the first of the following month.