Who is the owner of OfferUp?
Nick Huzar
Nick Huzar is the Founder, President & Chief Product Officer and CEO at OfferUp. Previous to OfferUp Nick cofounded Konnects raising $6M in capital, scaling to over 1M users within 18months. Earlier in his Career Nick held positions at T-Mobile and Microsoft.
How does OfferUp make money?
OfferUp makes the bulk of its money through commissions on sold items from 3rd party sellers on the platform. Listing items are free, but when and if the item sells – the seller pays OfferUp a minimum commission fee of $1.99 or 12.9% of the sale price – whichever is greater.
Is OfferUp a legit site?
OfferUp itself is legit, completely free, and you can avoid the hassle of shipping. All of these benefits plus you get to keep 100% of the sale. It doesn’t hurt to give the platform a try– you may find you’re making sales right away or you may need to boost your listings a bit to get some traction.
How does OfferUp work?
Selling locally Usually, a seller and buyer make a tentative agreement about the price before they meet. Then the buyer inspects the item in person, or has a person or professional help them check that the item is OK. If the buyer is satisfied with the item, they pay the seller directly.
What is OfferUp net worth?
$1.0 billion
In the short period of 8 years, OfferUp has become a valuable company that keeps raising the bar of net worth higher. According to the last calculation done by various experts, OfferUp’s total value is over $1.0 billion. The founder and co-founder, Nick Huzar and Arean van Veelen do not plan to stop here.
Is LetGo better than OfferUp?
Both apps are a good place to buy and sell goods locally and are the best of the best for mobile marketplace apps. While LetGo is safer and the more popular app of the two, OfferUp is the better app in terms of customer service. Both LetGo and OfferUp have their apps available on the Apple and Google Play App Store.
How old is OfferUp?
OfferUp, founded in 2011 and ranked No. 14 on the GeekWire 200, has 280 employees in Bellevue and Miami.
What is better OfferUp or LetGo?
While LetGo is safer and the more popular app of the two, OfferUp is the better app in terms of customer service. Both LetGo and OfferUp have their apps available on the Apple and Google Play App Store. With over 30 million users, LetGo is more popular than OfferUp. It has been featured in many commercials lately.
Is there a fee to sell on OfferUp?
Sellers are required to pay a service fee when shipped items sell. The fee is either a minimum of $1.99, or 12.9% of the sale price. For more information on seller fees, see our Terms of Service.
Can you make money selling on OfferUp?
Selling on OfferUp is a great way to make some extra money. We’ve sold all kinds of things—home decor, baby gear, furniture, camping equipment, a Blentec blender, snow shoes— you name it! Our small apartment has limited storage space, so unwanted items are promptly donated or sold.
