11 street company having problem
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 Jun 25 2018, 02:23 PM, updated 8y ago
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#1
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Junior Member
82 posts Joined: Oct 2015 
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My friend is a 11st seller he told me normally the item he sold he will get his payment in 3-4 week . Now his payment got stuck for 2 month's already. Wonder what is happening inside 11st.
This post has been edited by NormalName: Jun 25 2018, 02:24 PM |
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Jun 25 2018, 04:48 PM
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#2
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Junior Member
82 posts Joined: Oct 2015
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QUOTE(cx2531 @ Jun 25 2018, 03:11 PM) i can answer this. I see guess they really having problem . Sadlast time (1 year ago) within 3 days will get payment, they delay it to 7 - 14 working days (last few months). but however, alot of transaction after 1 month i am still not getting money until i keep call in and they talk nonsense + checking, then next week baru get. so what do u think about their financial ?  |
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Jun 25 2018, 05:50 PM
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#3
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Junior Member
82 posts Joined: Oct 2015
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QUOTE(NightHeart @ Jun 25 2018, 05:45 PM) Every single e-marketplace platform in Malaysia isn’t making money from their business operations. The moment their funding dries up or funder pulls out; game over. Their business model just ain’t sustainable. Sad but true |
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Jun 26 2018, 02:47 PM
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#4
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Junior Member
82 posts Joined: Oct 2015
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Malaysia e-commerce still not very good to buy stuff below rm100 still ok . Anything over rm100 need think & research carefully.
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Jul 28 2018, 12:12 PM
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#5
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Junior Member
82 posts Joined: Oct 2015
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So still a lot seller payment got delay. Now they have no more 24-36 months installment....
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Jul 28 2018, 02:17 PM
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#6
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Junior Member
82 posts Joined: Oct 2015
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QUOTE(thesoothsayer @ Jul 28 2018, 12:37 PM) Hmm... that bad, eh? Met a relative whose wife's working there. Said the company's in pretty bad shape financially. Looks like they not making any money at all. SadBut 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. |
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Jul 28 2018, 06:00 PM
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#7
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Junior Member
82 posts Joined: Oct 2015
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QUOTE(john123x @ Jul 28 2018, 02:54 PM) wow, i didnt even notice 24 and 36 month installment gone. Yeah 36 month instalment is the best thing so sad now gone , maybe 11street later also gone like their 36 month installment. kinda sad, 36 month installment is the only reason i stick with 11street.  This post has been edited by NormalName: Jul 28 2018, 06:01 PM |
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Sep 21 2018, 10:51 AM
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#8
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Junior Member
82 posts Joined: Oct 2015
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QUOTE(satanchild @ Sep 20 2018, 04:55 PM) Dear all, I'm 11 Street Seller. I have balance RM1329 in 11Street account not getting transfer for 1 month already. I already made a police report today. I'm asking all 11 Street Seller to go make police report, and gather together to make a law suit against 11Street as soon as possible. Very sad being a seller in 11st hope you get back your money soon. |
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Nov 24 2018, 02:27 PM
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#9
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Junior Member
82 posts Joined: Oct 2015
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QUOTE(liwei92 @ Nov 16 2018, 02:16 PM) Shit my refund was approved on 2/11/18 and till nw still not yet received Sad to hear that will delay longer no choice still have to wait.... |
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