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What is selling on Loot Marketplace?
Selling on Loot Marketplace is a program that enables individuals and businesses to sell their products and inventory on Loot.co.za
Why should I sell my products on Loot?
Loot Marketplace enables you to offer your products to millions of online shoppers in South Africa easily and effectively and gives you access to Loot’s trusted customer service and returns. FBL listings are displayed with the Fulfilment by Loot logo, so customers know that packing, delivery, customer service, and returns are all handled by Loot.co.za.
How does it all work
Once you have registered as a seller on Loot Marketplace the following process comes into play:
How do I start selling on Loot.co.za?
You can apply to sell your products here.
Am I eligible to sell on Loot.co.za?
If you have a registered business with a brand or retail presence, you are eligible for the Loot Marketplace platform.
Can I sell used products?
Unfortunately, not, your products need to be brand new and in appropriate retail packaging.
Does Loot offer fraud protection?
Yes, Loot covers the risk of credit card fraud on your behalf.
How do I manage my selling account?
You can use your Seller Portal account to manage all aspects of selling on Loot.co.za. The Seller Portal account is where you manage your selling account, make updates to your inventory, manage your orders, manage any payments and add product listings.
How do I update Inventory?
As a seller you have two options currently for adding product related data:
Sell Your Products
What is a product listing?
A product listing refers to the product you make available on Loot.co.za.
How do I list my products?
You can list your products via our easy to use Seller Portal. Currently there are two ways to do this:
How many products do I need to list?
You can list as many products as you want, there is no minimum or maximum limit. However, it is highly recommended that you list as many products as possible. Selection drives sales and the greater the selection, the better your sales with be.
Is there a fee for listing my products?
Listing products on Loot.co.za is completely free, you’ll only pay fees when your products sell.
How do I manage my stock levels and pricing?
You can manage your stock levels and pricing via your Inventory page on your Seller Portal account.
Who controls my product pricing?
You will be in full control of your pricing, you are able to easily manage your pricing via your Seller Portal account.
Orders & Shipments:
What is consignment stock?
Consignment stock is stock which you nominate to send to a Loot warehouse upfront. Any stock you send to Loot on consignment will remain yours until sold.
Do I have to send consignment stock to Loot?
No, sending upfront stock to Loot is optional, although it is recommended for your popular and faster selling items.
How do I know when I’ve made a sale?
You are easily able to track your sales via your Seller Portal account. When you sell products with a Lead-Time, we will also send you an email notification.
How does Fulfilment by Loot work?
You sell it, we ship it.
Fees & Payments:
What fees will I pay for selling on Loot.co.za?
•Commission (success fee/referral fee?) – charged as a percentage of your nominated selling price.
When do I pay fees?
•Commission and handling fees are charged to your Seller Portal account balance as soon as an item is successfully sold to a customer.
How and when will I get paid?
Any positive balance you have available on your Seller Portal account will be paid out to your nominated bank account twice per month.