Facebook Marketplace – A New Way to Hustle?

Stay-at-home mama’s (and like, everyone else in the world) are always looking for ways to easily list items for sale and bring in a little extra cash. Apps and websites like LetGo, OfferUp, VarageSale, eBay, ¬†and Craigslist are super popular and relatively easy to use. Some apps are more locally driven, some require you to ship items. The point is – these sites/apps have sorta replaced the traditional “garage sale.”

Facebook (the most popular social media site) is taking on these apps with Facebook Marketplace, a new tab on their app that allows users to list items for sale. Over 450 million go to Buy & Sell groups on Facebook every month. Marketplace condenses those groups and doesn’t require users to get approval before joining.

Marketplace’s three main features are “browse & buy” (which allows users to buy items,) “sell your stuff” (which has been streamlined into a quick four-step process,) and “search your surroundings” (which allows users to search for specific items in their area.) Marketplace might feel safer to some users because they are able to check out other users’ profiles (compared to anonymous sites like Craigslist.)

Marketplace is now out on mobile in the U.S., U.K., Australia and New Zealand but could roll out globally and out on the web if it proves to be popular.

Please, please keep in mind that whenever you exchange money via the internet there is a chance that your identity might be stolen or you will be scammed. I’m not saying this to scare you, but identity theft is HUGE and it’s something you need to keep an eye on.

One tip that I have for buying/selling online is to not use your “default” debit / credit card for purchases. Have an account that you use for online purchases that does not contain ALL of your money. You should also use a credit card as opposed to a debit card because typically speaking, credit cards are more secure. Find out if your bank/credit union has fraud prevention! My credit union sends me a text if fraud is suspected which is a wonderful feature. Just last week my credit card was stolen and the person spent over $100 on clothes and tried to buy makeup also. The transactions were halted and my bank texted me. Don’t make the same mistake – I used my normal debit card and I used Facebook’s “send money” option. I will stick to using PayPal and SquareUp as I have *never* had any issues with those (even though I know some people who have – although this was years ago.)

Stay safe in that world wide web, friends!

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