QuickBooks Launches Wholesale Marketplace | PYMNTS.com

QuickBooks has launched a new marketplace called Trada that “connects independent retailers with amazing brands and wholesalers,” the company said.

According to a Thursday, Aug. 11 blog post announcing the new marketplace, the platform is aimed particularly at small businesses. In terms of function and appearance, Trada’s website looks a bit like a cross between Etsy and Amazon.

Trada operates in the United States and Australia. Trada’s website says the platform “is like a trade show, but without the hassle.” The site features offerings such as novelty clothing, eco-friendly pet treats, specialty foods, and high-end paper products.

According to the announcement, Trada’s features for retailers include free membership, one-stop shopping, buyer protection; and a wide selection of “unique products at wholesale prices”. Retailers pay no commission.

For other sellers, perks include “free membership, a unique storefront, vetted buyers, and wholesale data to help run their business,” the blog says. Trada asks sellers to offer their best prices on the platform, according to Trada’s website.

QuickBooks Online users can use Trade seamlessly, according to the announcement.

Until the end of 2022, the announcement states that Trade will include free shipping for retailers and no commission for sellers.

“We know product-based businesses face challenges and opportunities in discovering customers and growing their businesses,” said Shilpa Reddy, vice president, QuickBooks Commerce at Intuit, in a prepared statement. “Trada by QuickBooks simplifies the customer and product discovery experience for retailers and wholesalers. It also automates order placement and provides rich business insights for growth. »

Among the countries where the service will apparently not be available is India, where Intuit will offer the Quickbooks service in January 2023, the Economic Times of India reported in early July. Competitors in the country include Soho and Tally.

Read more: Intuit to shut down QuickBooks in India

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About: Results from PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed responses from 9,904 consumers in Australia, Germany, UK and USA. and showed strong demand for one super multi-functional app rather than using dozens of individual apps.

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