Information about DiscSwap

How it works

How it works

Sellers

Direct Deposit:

Direct Deposit is powered by Stripe. Users will input their bank account info to the required fields. Once completed Stripe will verify the user’s bank account.

When a transaction is initiated the buyer’s funds are put on hold. The funds are held by Stripe and not DiscSwap LLC. The seller will then provide the buyer with a shipping tracking number and send the product to the buyer. Once the buyer receives the product the buyer will then mark the order complete. After the order has been marked complete, the funds will then be transferred from Stripe to the seller’s bank account.

If an order hasn’t been marked complete after 10 days the order will automatically be marked complete and the seller will then receive the funds. DiscSwap reserves the right to mark any order complete regardless of timeframe. 


PayPal:
Sellers will need a business PayPal account to sell their products. This requirement is an added protection for the buyer. We have seen way too many people be ripped off and our goal is to have a 100% fraud free site. We are currently at 100%. There is no additional fee with PayPal to create or swap a current account over to a business account. There are 3 easy steps to upgrade your PayPal account. 
To change your personal PayPal account into a business account: 
- Go to settings. 
- Click upgrade to a business account. 
- Enter your business information and click Agree and Continue. 


Create a listing for selling:

- Select 'Create a listing'
- Select a category 
- Select subcategory if applicable 
- Select 'Selling' under listing type
- Fill out fields and upload photos
- Click 'Post listing' 

Create a listing for trading:

- Select 'Create a listing'
- Select a category
- Select subcategory if applicable
- Select 'Trade' under listing type
- Fill out fields and upload photos
- Click 'Post listing'

Create a Wanted Ad:

- Select 'Create a listing'
- Select a category
- Select subcategory if applicable 
- Select 'Wanted' under listing type
- Fill out fields and be detailed on the item you are looking for
- Click 'Post listing'

Fees:

To keep our servers running, DiscSwap takes a flat rate of 5% of the listing price per transaction. PayPal sellers will have addition fees added by PayPal. Direct Deposit does not add any additional fees. 

Shipping 

We recommend using PayPal shipping to create your shipping labels. There are two options for PayPal shipping: USPS or UPS. We recommend using USPS only for the reason that it is a much cheaper option. Shipping prices are going to vary because of distances between buyer and seller. Shipping costs can be negotiated once a sale is pending. Another option is to charge a flat rate of $5. Some times you may make money off of shipping some times you may lose money. The choice is yours as these are just recommendations. 
DiscSwap does not make money off of shipping. Head on over to PayPal Shipping with any more questions.