Lots of seller being affected. We also haven"t received the settlement yet since 1st of July.

almost a month!

11 street gooding business yo. all seller product selling fast waiting payment lol.

You noob know aliexpress/alibaba/taobao= platform? They dont control the price.

So still a lot seller payment got delay. Now they have no more 24-36 months installment....

I guess we can expect the return of brick and mortar business and retail

gone case....

I use to buy RM11 shoe from 11 street..sad.

Hmm... that bad, eh? Met a relative whose wife's working there. Said the company's in pretty bad shape financially.

But this online retail platform game is a lose-lose for everybody except wise consumers and delivery companies. A lot of manufacturers and retailers being squeezed and the platforms are losing money trying to gain users through incentives like coupons.

Will be interesting to see who are the last men standing for online platform and brick & mortar retailers.

in jack we trust.

I know the la. Alibaba price cheap because volume buy. Now that Lazada is also Alibaba what.

Lazada, Shopee, Lelong ... do you know that smae shop sell different price? Sometime different shop name but same owner and the price different a lot. I'm not that noob.

The pymt cycle is slower d. But still getting my 5 digit a month

Bought a Teclast Master T10 9.7" Android tablet last month.
Bought a 3200MBps M.2 SSD last week.

All good.

Looks like they not making any money at all. Sad

As a seller on 11Street, yes I can confirm that I have been getting very late settlement payments from 11Street. My longest settlement took 1 month plus when their settlement agreement clearly states 3 - 7 working days. Ridiculous.

I am trying to get 11Street to waive the transaction fee since it is their fault in delaying the settlement payment. Small chance but I will keep pressing them.

I know of many other sellers facing the same issue. Also, their customer service department is plain useless. Never once gave me a proper answer or solution. I have since escalated the settlement issue to their customer service team lead (who is also useless). If any of u sellers need their escalation email, pm me. I think it's faster to go through their escalation channel than to go through their customer service department.

I hope they end up like GemFive. 11Street is pretty much a dead e-commerce platform if this goes on for a few more months. I'm now contemplating on shutting down my 11Street seller account and switch over to Shopee.

That's an understatement. Net loss of over 100M last year.

http://www.theedgemarkets.com/article/puc-...reet-down-rm40m

wow, i didnt even notice 24 and 36 month installment gone.

kinda sad, 36 month installment is the only reason i stick with 11street.

This post has been edited by john123x: Jul 28 2018, 02:55 PM

Yeah 36 month instalment is the best thing so sad now gone , maybe 11street later also gone like their 36 month installment.

This post has been edited by NormalName: Jul 28 2018, 06:01 PM

I also got delay from 11s of my settlement. Called their careline, they also asked me to wait and keep on apologized.
I didn't scold them any. But got one order pending now and not dare to send out.
Later i inform customer to buy at my laz store then.

I guess they are doing restructuring.

http://global.11st.co.kr/html/en/main_en.html