Is Bonanza Legit? Truth and Real Bonanza Review 2024

Hey online sellers! We’re going to reveal everything about Bonanza, the popular eBay alternative. This review contains hours of detailed research to prove that Bonanza is LEGIT. 

Leeline Sourcing is a professional sourcing company with decades of experience. We’ve been guiding entrepreneurs to market online and BOOST profits. You’ll learn how to build your money-making online store with baby steps.

This article will be your BEST guide on having successful Bonanza selling.

• What is Bonanza?
• Pros and cons
• Is Bonanza legit?
• Reviews (both positive and negative)
• How to sell on Bonanza?
• Scams to Avoid 
• FAQs 

Let’s DO IT!!!

What exactly is Bonanza?

Think of eBay, but a more niche platform. That’s what Bonanza is, selling everything but the ordinary. 

The Bonanza selling website is a FIRST-RATED marketplace that connects buyers and sellers. Bonanza sellers sell over 22 million extraordinary goods to potential buyers worldwide, like

Its WELL-designed website provides an EXCELLENT shopping experience. You’ll also get safe payments, low selling fees, and efficient tools. Definitely, the best choice to build your online business and boost PROFITS. 

What are the pros and cons of Bonanza?

Pros: 

1. LOW Bonanza Fees

Bonanza charges low seller fees of $0.25 per transaction and the base 3.5% final price fee. You can EARN the most out of your sales.

My sole reason for choosing BONANZA over other eCommerce giants is the lower price. It can make me higher profits and get more customers by offering lower prices.

2. EASY-to-Use Tools

You’re only a few clicks away from importing products from Shopify or WooCommerce. It saves more time and ACCELERATES your sales.

3. SECURED Site

The Bonanza selling site has an A+ BBB rating and safe payment options to put you at ease. Selling online via Bonanza gives FEWER safety concerns.

Cons:

1. Troublesome Return and Refund Policy 

This policy is different among sellers. It could sometimes be time-consuming to file disputes. 

2. Less Satisfying Customer Service 

Some customers said they received terrible customer service when they contacted Bonanza. 

3. Less Traffic (As compared to sites like Amazon or eBay)

Some eBay customers have indeed switched to Bonanza. But it is also not wrong that Bonanza has much lesser traffic than its competitors.

Is Bonanza legit and safe?

Let’s look at some numbers before we conclude:

• The Bonanza marketplace has 25% global customers and 75% US customers. Non-stop GROWING and PROFIT-MAKING.
  
• It has over 5 million visitors monthly (equal to 150,000 daily visits.) STRONG monthly traffic.
  
• This site has an A+ level in the Better Business Bureau Rating and an average consumer rating of 8.4/10. CERTIFIED and SAFE.

What else?

• There have been millions of successful transactions via Bonanza without any issues. 

SAFETY and CONVENIENCE guaranteed. 

• Its valuable article teaches about “avoiding scams” and “reporting suspicious activities.” TRUSTED and RELIABLE.

The Verdict

If Bonanza is not safe, we can’t think of any other SECURED eCommerce marketplace to sell.

YES. IT IS SAFE AND LEGIT. 

Bonanza Review

Let’s discover the buyer and seller reviews about the Bonanza website: 

1. 5-Star Review from Janelle 

Janelle claims that she loved the FAST shipping. Besides, the item delivered was exactly as described. She’ll definitely do business on Bonanza again! 

2. 5-Star Review from Mario Palmieri

This happy camper LOVES the affordable Coleman tent he ordered on Bonanza. He was also pretty satisfied when he contacted support from Bonanza.

3. 4-Star Review from Carlos

Several unexpected functionality bugs made Carlos frustrated. It took Bonanza days to resolve, aside from communication misalignment. 

But the Bonanza support team was attentive to re-establish the functions. Finally, everything is working, and Carlos is well-pleased.

4. 4-Star Review from John

John is a delighted customer after receiving the WELL-PROTECTED guitar from Bonanza. Zero damages despite the long trip, though it took longer than expected. 

Besides, the music store is so reliable. They kept John informed and answered his queries FAST. 

5. 3-Star Review from Mary Wehmeier

The seamless migration from Mary’s eBay account to Bonanza is EFFORTLESS. But, she is anxious about the low sales, low traffic, and promotion.

6. 1-Star Review from E. Rinzema

Rinzema was happy creating the Bonanza account and uploading his Etsy listing. He’s also added his credit card information to begin selling on Bonanza. 

But, Rinzame complained that Bonanza blocked him from signing in. The team did not respond to him despite holding all his private information.

In short, Bonanza sells genuine and quality goods at affordable prices. They have reliable sellers and excellent customer service, providing fast and safe delivery. 

But, the drawbacks are technical bugs, and low traffics causing low sales. 

Suggested reading: Best 30 Sourcing Websites

How does selling works on Bonanza?

 Step 1: Create an Account 

Creating an account is super easy. Here is what I do:

• I go to www.bonanza.com, 
• hover over to the upper-left corner at “Sell on Bonanza.” 
• Then, click “Start Selling Now.” 

Finally, I created my store.

Step 2: Set Up Your Web Store

Enter details like your booth name, payment details, and personal information. It eases your future selling experience. 

Setting up the store is not that EASY. I add all the business information accurately to avoid any confusion. Set up my store name. And boom!

Step 3: Select Optional Choices

Bonanza advertisement reaches MORE customers on top of the organic Bonanza traffic. I have USED bonanza Ads to get the HIGH CONVERSION. The great point is, it was totally possible to get the HIGHER CONVERSION ratio and better results. My sales increased.

Besides, memberships give more benefits like LOWER selling fees. It is up to each online seller to decide. 

Step 4: Add Products to Your Store

Adding products through the web panel is FAST and EASY. Otherwise, you can import from websites like Amazon or Etsy with your seller’s account. Online selling has never been easier. 

Step 5: Begin Seling Online

Provide excellent customer service to customers, whether before, during, or after buying. Remember to ship on time to increase customer satisfaction. Happy customers bring more repeat sales and referrals!

Suggested reading: Selling On Bonanza—A Mega Guide For Successful Business

What scams do you need to avoid on Bonanza?

Here are the scams that individual sellers need to avoid on Bonanza: 

1. Overpayments

You’re selling at $50, but the buyer ‘accidentally’ paid $80. He then asked for a $30 refund to his bank account. Days later, the bank called to inform you that it was a stolen card, hence counterfeiting the payments. 

OUCH. Now you lost the original $50 and the refund of $30.

Solutions: Only accept payments via Bonanza-approved methods like Paypal or Amazon Payments. You’ll get better payment PROTECTION. 

2. Ship First, Pay Later

Some buyers request you to ship before paying, and they will pay more if they’re satisfied. Sometimes, they mentioned they’d made the payments and required immediate shipment. 

I have been scammed multiple times for this REASON. You shouldn’t compromise on this feature and avoid such scams by playing actively. 

Solutions: Always transact on Bonanza and receive total payments before shipping. It will help you AVOID payment risks and financial losses.

3. Return or Refund Fraud

Buyers might claim “item not delivered” and “item not as described.” Then, they request returns or refunds or delivery of another second item. Wasted shipping costs and profits.

Solutions: Take photos before shipments and record the order tracking numbers. They will help cut costs without needing to “compensate” fraud buyers.

Suggested reading: How to pay suppliers on Alibaba via Pay Later?

FAQs about Is Bonanza Legit

What’s Next

Bonanza is surely a GOOD site to sell and earn online. Its traffic is lesser compared to eBay or Amazon. But, its USER-FRIENDLY site has LOW selling fees and SIMPLE procedures. You can scale your business fast on Bonanza. 

Want further details on sourcing suitable goods to SELL WELL? Leeline Sourcing has decades of sourcing experience in helping companies grow profits. Talk to us today for a one-stop sourcing solution!