Is Bonanza Legit? A Complete Summery of Bonanza Reviews
Bonanza is an online marketplace that was created by Bill Harding to make the process of selling easy and straightforward. It is considered an exciting eBay alternative. Like many other online marketplaces, Bonanza provides independent sellers and entrepreneurs with a platform to list their products and present them for sale to many audiences or buyers. Buyers can simply visit the site and make a purchase by clicking on the listed products.
On Bonanza.com, everyone can start their own online business, design attention-seeking product listings, and earn a healthy profit. One of the best things different from many other online marketplaces is that Bonanza allows people to initiate their business without any seller verification or fees.
Other online marketplaces usually get payment from the buyer and hold them to send the seller’s share after a specific time. Bonanza doesn’t work on this policy. It works on a peer-to-peer model, which allows the sellers and the buyers to transact directly. Bonanza will not be involved in any aspect of the transitions. The customer will buy products directly from the seller, and the buyer will send payment directly to his account.
Editor’s Bonanza Website Review
Do keep this fact in mind that Bonanza is not a penny auction site. It is considered the combination of eBay and Etsy as it includes the unique features of both these platforms. The site offers a wide range of new and used products in almost all categories. Sellers can sell their products worldwide, and buyers can choose from various unique and suitable items. The major difference between Bonanza from eBay and Etsy is the exception of verifications and seller fees.
Public Bonanza Reviews
It is always good to check out what Trust Pilot the Better Business Bureau has to say about a site or business. If you check out the Bonanza reviews on the Better Business Bureau website, you will see that the Bonanza website does not have an excellent rating. However, if you take a closer look, you will find that most people who file a dispute or leave negative reviews are unhappy with the sellers and not the Bonanza.com website itself.
Features of Bonanza.com:
This platform has a lot of amazing things to offer, but some of its best features are mentioned below:
- Wide Range of Items.
- Not a Penny Auction Format.
- Participation is free.
- Includes Private Sellers.
Wide Range of Items
Bonanza offers items in almost all categories, including Men’s Fashion, Jewelry, Women’s Fashion, Electronics, Accessories, Health and Care, Gardening, Beauty and Makeup, and many more. With just a single search, you will be provided with more than 250,000 products in each category without any hassle.
Not a Penny Auction Format
This marketplace is unique and works in no auction format. You don’t have to bid for the item. The price is mentioned on the product listings, and if you like the item, just contact the seller and pay for the item, and the product will be delivered to you.
Participation is Free
As there is no auction or bidding take place, participating in the platform is totally free. You will not have to pay for any aspect except for the product you are buying from the seller.
Includes Private Sellers
Bonanza allows users from all around the world to sell their products on the platform. Therefore, you will find tens of thousands of sellers listing their products for sale in all categories whenever you visit the site.
Common Items Featured on Bonanza
There are plenty of categories and millions of items on this platform. Still, some of the most common new and used items include:
- Industrial and Business Accessories
- Collectible Items
- Kitchen, Decoration, and Gardening Items
- Pet Supplies
Shoppings Tips to Get the Best Experience on Bonanza
Keep in mind that all the products listed on this platform are not offered by Bonanza but through third-party sellers. Before making a purchase, you must visit the reviews section to get an idea about the seller by reading their previous customers’ feedback.
Confirm the shipping charges before you place the order and hit the PAY button for the product. Bonanza includes sellers from almost all around the world. Shipping charges may vary depending on the location and distance between you and the sellers.
Also, confirm the shipping time because there are possibilities that the seller is hundreds of miles away, and the product may take weeks to reach your doorstep.
Pros and Cons of the Bonanza Marketplace
Just like all the things in this world, Bonanza has its pros and cons as well.
- Unique Items For Sale
- No Bidding/Auction
- Wide Range of Products
- Free Participation
- Direct Link with the Seller
- No Seller’s Verification or Fee
- Shipping could be expensive and may take a bit longer.
- Private Sellers could be good or bad as well. (Check the reviews to know about the seller).
How to Create your Bonanza Booth?
You can create your own bonanza booth and start selling on Bonanza in a few simple steps follows as:
- Hit click on the “Open your Booth” button on the Main Page.
- Insert required information such as booth title, email, etc.
- Set your username and password.
- Link a payment receiving method such as PayPal or Amazon Pay to receive transactions from buyers.
- Insert your credit card information for validation purposes.
- Now finalize your booth setup, and start listing your items for sale.
FAQs (Frequently Asked Questions):
Is Bonanza.com a Scam?
It is not a scam, but the fact is that just because it is a P2P online marketplace, and there is a possibility that some of the sellers may not be good. The best way to deal with this is to buy products from the sellers who have many positive reviews and feedback from their customers.
Is Bonanza Affordable?
It cannot be said that Bonanza is affordable or not. The prices of the products are dictated by the sellers. Depending on the products and especially the seller, the costs can be low and high as well.
How to Become a Top Rated Seller?
Being a top-rated seller on Bonanza will build a positive reputation in buyers’ eyes and will bring more purchases and profits to you. The condition to become a top-rated seller includes:
- Complete 90 Days as a Seller on Bonanza
- 98% Positive Feedback
- Total Sales of $250
- Receive 25 Transactions
- Less than 20% Refund Rate.
Is Bonanza Legit?
Overall I would say Bonanza.com is definitely a legit auction site. However, like with many other P2P transactions, there is a possibility of getting ripped off. This has more to do with the specific seller you are dealing with and not the owners of the Bonanza website or their customer service department. Just remember to do a little research and read the Bonanza reviews on the buyers and sellers you are looking to transact with. I would also recommend using an escrow service on higher ticket items.
If you have sold or purchased an item on Bonanza.com, please let us know what you think and leave your Bonanza Reviews in the comments below. Thanks for reading and happy shopping!