Mircari is a Japanese e-commerce company founded in 2013. Its main product is the Mercari marketplace app. The app was first launched in Japan in July 2013, and has since expanded to several countries. You can find a wide variety of products for sale on the app, including used and brand-new clothing. Mercari pays its vendors within minutes. However, it has some restrictions regarding what it allows vendors to sell.
Three Subsidiaries
Mercari launched in Japan in 2013 and continues to grow at a rapid rate. In addition to its e-commerce applications, Mercari has three subsidiaries that specialize in online market applications. In Japan, it launched an application called Cartune for car enthusiasts that allows users to exchange information about car parts and share images of custom-built cars. The company has seen incredible growth since the application launched, with 71 million downloads in Japan, a country that has one of the highest sales tax on cars. This growth has led to Mercari becoming the first unicorn startup to go public in Japan.
Convenience of their Home
Mercari’s app allows users to shop from the convenience of their home. The company also has a mobile app that enables users to shop on the go. As of 2016, the company employs more than 1,800 people. Its headquarters is in Minato-ku, Tokyo. Its core values are “Go Bold,” “All for one,” and “Be Pro.” The company’s employees are encouraged to think outside the box and solve problems with innovative approaches.
Largest C2C Marketplace
Mercari is the largest C2C marketplace in Japan, with 14 million monthly users and a gross merchandise value of 530.7 billion JPY. The site offers more than 1.1 billion items for sale. The company has received a lot of interest from overseas users. Since 2017, the number of foreign visitors on Mercari’s web version has increased sixfold. This growth prompted the company to start offering cross-border sales through Buyee.
10% Commission
Mercari is a marketplace that allows sellers to list well-worn items. This service lets you list your used items for free or pay a small fee. Then, you get 10% commission when someone buys your item. This service works much like eBay, and Mercari also lets you filter out well-worn items by condition.
Mircari lets sellers upload up to 12 photos for each listing. Make sure to take good quality photos with natural light. Also, don’t forget to offer free shipping for all listings to encourage more people to buy. Offering free shipping will not only boost your conversion rate, but will decrease cart abandonment. It’s also helpful to check messages from buyers occasionally, as they may offer you a counteroffer.
Mercari’s Seller Verification
Mercari’s seller verification process eliminates the risk of a conman who will take advantage of unsuspecting buyers. The payment service works with PayPal and provides added assurance for both buyers and sellers. Additionally, sellers can send messages directly to buyers to negotiate the price.
Mircari is a marketplace that pays vendors in minutes. Founded in 2013, the app has been downloaded more than 45 million times and receives around 150,000 new listings each day. It competes with eBay, Amazon, peer-to-peer apps, and Facebook Marketplace for users by offering a low listing fee, an easy-to-use interface, and an Instant Pay feature.
Direct Deposit
Mircari also allows sellers to request a direct deposit into their bank account. However, a $2 fee applies to deposits under $10. This fee is equal to 20% of the profit. The company is also working to make the payment process as smooth as possible. It will also work with PayPal, but sellers need to be sure they have a bank account.
The Mercari marketplace prohibits the sale of banned items. Those who violate this policy risk their accounts being suspended or their transactions being canceled. In addition, sellers who sell banned items must provide a tracking number to prove that the item was sent to the buyer. This will protect both the buyer and the seller from being scammed.
E-Commerce Sites
In some cases, Mercari will suspend a user’s account if they sell products with inflated prices. While this is common practice on other e-commerce sites, Mercari has strict rules against such activity. Sellers should revise their listings to avoid getting suspended. Mercari’s security team will also investigate any suspicious activity and take action accordingly.
Final Words:
Mercari prohibits the sale of prohibited products, including counterfeits, adult magazines, and knives. Repurposing branded items is also prohibited, including the use of buttons from genuine designer jackets. However, it is okay to use the buttons to hand-make jewelry.
