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What Is The Whatnot App?
Whatnot is a social marketplace app that allows users to buy and sell a wide variety of collectibles, vintage items, and unique goods. The app focuses on niche communities, such as collectors of toys, comics, video games, and sports memorabilia, among others. It allows users to create their own storefronts and listings, and provides tools for communication and transaction management. Whatnot also hosts live auctions and sales events featuring popular sellers and special guests. The app has gained popularity in recent years, particularly among younger collectors and enthusiasts, as a platform for discovering and acquiring rare and valuable items.
Whatnot is essentially a mobile marketplace that specializes in collectibles and unique items. Users can browse through a wide range of categories, from toys and games to sports memorabilia and pop culture collectibles. What sets Whatnot apart from other marketplaces is its focus on niche communities and its emphasis on social interaction.
Users can create their own profiles, follow other users, and engage in conversations through the app’s messaging system. This creates a sense of community and connection among collectors, who can share their interests and knowledge with others. Additionally, Whatnot hosts live auctions and sales events featuring popular sellers and special guests. These events are often highly anticipated and generate a lot of buzz among collectors.
One of the key features of Whatnot is its seller tools, which make it easy for users to create their own storefronts and listings. Sellers can add detailed descriptions, photos, and pricing information to their listings, and can manage transactions and communication with buyers through the app. Whatnot also provides seller protection and guarantees authenticity for items sold on the platform.
Overall, Whatnot provides a convenient and engaging platform for collectors and enthusiasts to discover, buy, and sell unique items. Its focus on community and social interaction has made it a popular choice among younger collectors, and its live events and auctions add an element of excitement and exclusivity to the buying and selling process.
How Does Whatnot Work?
Whatnot is a mobile app that connects buyers and sellers of collectibles and unique items. Here’s a general overview of how the app works:
Download and create an account: You can download the Whatnot app from the App Store or Google Play, and create an account using your email address or social media account.
Browse or search for items: You can browse through the different categories of items available on Whatnot, such as toys, comics, video games, or sports memorabilia. You can also search for specific items using keywords or filters.
Make a purchase: If you find an item you’re interested in, you can make a purchase directly through the app using a credit card or PayPal. Whatnot provides seller protection and guarantees authenticity for items sold on the platform.
Communicate with the seller: You can communicate with the seller through the app’s messaging system, which allows you to ask questions or request additional information about the item.
Leave feedback: After completing a transaction, you can leave feedback and a rating for the seller, which can help other buyers make informed decisions.
Sell items: If you have items you want to sell, you can create a storefront on Whatnot and list your items for sale. You can provide detailed descriptions and photos of your items, and manage transactions and communication with buyers through the app.
Participate in live auctions: Whatnot also hosts live auctions and sales events featuring popular sellers and special guests. You can participate in these events and bid on items in real time.
Overall, Whatnot provides a convenient and engaging platform for buying and selling collectibles and unique items, with a focus on community and social interaction. The app is designed to be user-friendly and secure, with seller protection and guarantees of authenticity.
Is Whatnot Legit?
Yes, Whatnot is a legitimate and reputable marketplace app. The company is headquartered in San Francisco, California and has received over $50 million in funding from investors, including Andreesen Horowitz and Y Combinator. Whatnot also has partnerships with major companies such as Funko, Hasbro, and Topps, which adds to its credibility and reputation.
In addition, Whatnot provides seller protection and guarantees authenticity for items sold on the platform. Sellers are required to provide detailed descriptions and photos of their items, and buyers can leave feedback and ratings for sellers after completing a transaction. Whatnot also has a customer support team available to help users with any issues or questions.
Overall, Whatnot has a solid reputation as a reliable and trustworthy platform for buying and selling collectibles and unique items. However, as with any online marketplace, it’s always important to exercise caution and do your own research before making a purchase.
How To Sell On Whatnot
If you have collectibles or unique items that you want to sell on Whatnot, here’s a general overview of the steps you’ll need to take:
Download and create an account: You can download the Whatnot app from the App Store or Google Play, and create an account using your email address or social media account.
Set up your storefront: Once you’ve created an account, you can set up your own storefront by clicking on the “Sell” button in the app. You’ll need to provide information such as your name, location, and payment details.
Create listings: To sell an item, you’ll need to create a listing by clicking on the “Sell” button and providing detailed information about the item, including a title, description, and photos. You’ll also need to set a price for the item.
Manage your listings: Once your listings are live, you can manage them through the app. You can edit the details of your listings, mark items as sold, and communicate with buyers through the app’s messaging system.
Process transactions: When a buyer makes a purchase, you’ll receive a notification through the app. You can then process the transaction through the app’s payment system, which uses either PayPal or Stripe. Once the transaction is complete, you’ll receive payment for the item minus Whatnot’s commission fee.
Ship your items: After you’ve received payment, you’ll need to ship the item to the buyer. Whatnot provides shipping labels and tracking information through the app, which makes it easy to manage shipping.
Receive feedback: After completing a transaction, you’ll receive feedback and a rating from the buyer. This can help you build a positive reputation on the platform and attract more buyers in the future.
Overall, selling on Whatnot is a straightforward process that allows you to create your own storefront and manage your listings and transactions through the app. Whatnot also provides seller protection and guarantees of authenticity, which can help you build trust with buyers and make sales more easily.
How Much Does Whatnot Take?
Whatnot charges a commission fee on each sale made through the platform. The exact commission fee can vary depending on the category of the item being sold and the seller’s performance on the platform. However, as a general rule, Whatnot’s commission fee is typically around 9-10% of the sale price.
For example, if you sell an item for $100, Whatnot’s commission fee would be around $9-10. The remaining balance would be paid to you through the app’s payment system.
It’s important to note that Whatnot’s commission fee is deducted from the sale price, so you’ll need to take this into account when setting the price for your items. To ensure that you receive the amount you want for your items, you may want to consider setting the price slightly higher to cover the commission fee.
Overall, Whatnot’s commission fee is competitive with other online marketplaces and provides a transparent and straightforward way to sell your collectibles and unique items.
How To Get Approved To Sell On Whatnot
To become an approved seller on Whatnot, you’ll need to go through a seller application process. Here’s a general overview of the steps you’ll need to take:
Download and create an account: You can download the Whatnot app from the App Store or Google Play, and create an account using your email address or social media account.
Click on “Sell” button: Once you’ve created an account, click on the “Sell” button on the app to start the application process.
Fill out the application: You’ll need to fill out a brief application that asks for information about your business, the types of items you plan to sell, and your experience as a seller. You’ll also need to provide identification and banking information.
Wait for approval: After you’ve submitted your application, Whatnot will review it and determine whether to approve you as a seller. The review process can take up to several weeks, depending on the volume of applications received.
Start selling: If your application is approved, you’ll be able to create listings and start selling items on Whatnot.
It’s important to note that Whatnot has certain criteria that it looks for when approving sellers, such as a track record of successful sales on other marketplaces, a focus on high-quality and authentic items, and a commitment to providing excellent customer service. It’s also important to ensure that your items comply with Whatnot’s terms of service and prohibited items list.
Overall, becoming an approved seller on Whatnot involves a straightforward application process that’s designed to ensure that only high-quality and reputable sellers are allowed to sell on the platform.
How Does Shipping Work On Whatnot?
There is an easy to use shipping feature for sellers, which allows you to easily manage the shipping of your sold items. Here’s an overview of how shipping works on Whatnot:
Purchase shipping label: When a buyer makes a purchase, you’ll receive a notification through the app. You can then purchase a shipping label directly through the app, which includes tracking information and insurance.
Print shipping label: Once you’ve purchased the shipping label, you can print it out directly from the app. You’ll also be able to view the buyer’s shipping address and any notes they’ve left for you.
Ship the item: After printing the shipping label, you can pack the item and affix the label to the package. You’ll then need to drop the package off at a shipping carrier, such as USPS or FedEx.
Mark as shipped: After you’ve shipped the item, you can mark it as shipped in the app. This will notify the buyer that the item is on its way and provide them with tracking information.
Receive payment: Once the buyer receives the item and confirms that it’s as described, Whatnot will release the payment to you through the app’s payment system.
It’s important to note that Whatnot provides shipping labels at discounted rates through its partnership with shipping carriers. The cost of the shipping label will be deducted from your earnings after the sale, along with Whatnot’s commission fee.
Overall, Whatnot’s shipping feature provides a convenient and streamlined way to manage the shipping of your sold items, which can save you time and effort compared to other shipping methods.
What Can You Sell On Whatnot?
Whatnot is a marketplace for collectibles, rare items, and unique finds. Here are some examples of the types of items you can sell on Whatnot:
Pop culture collectibles: Whatnot is known for its extensive selection of pop culture collectibles, such as Funko Pops, action figures, and vintage toys.
Trading cards: The platform also features a wide range of trading cards, including sports cards, Pokemon cards, and Magic: The Gathering cards.
Art and collectible figurines: You can sell art prints, posters, and other types of art on Whatnot. Additionally, collectible figurines such as anime figures, designer vinyl toys, and art toys are popular on the platform.
Sneakers: Whatnot also allows sellers to list new and rare sneakers for sale.
Books and comics: Collectible books and comics, such as first editions or autographed copies, can also be sold on Whatnot.
It’s important to note that Whatnot has certain rules and guidelines for items that can be sold on the platform. For example, counterfeit items or items that violate intellectual property rights are not allowed. Additionally, certain types of items may require additional documentation or verification before they can be sold.
Overall, Whatnot provides a platform for sellers to offer a wide range of unique and hard-to-find items to collectors and enthusiasts.
Who Owns Whatnot?
Whatnot is a privately held company, and it is owned and operated by Whatnot, Inc. The company was founded in 2019 by Grant LaFontaine, a former product manager at Apple, and Ryan Chan, a former software engineer at Quora. Since its founding, Whatnot has received several rounds of funding from investors, including Andreesen Horowitz, Y Combinator, and Scribble Ventures, among others. The company’s mission is to create a community-driven marketplace for collectors and enthusiasts, and it has quickly gained popularity among buyers and sellers alike.
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